Umbrella insurance often feels like an "extra" policy that people assume they’ll never need—until something unexpected happens. At August Vincent Insurance Agency, providing commercial insurance throughout the greater Crystal Lake, IL area, we often find ourselves explaining how umbrella coverage goes far beyond just protecting against major lawsuits. In fact, there are a few surprising things it can cover that most people don’t realize.
Covering the Gaps: Beyond the Basics
Most people know that umbrella insurance kicks in when your auto or homeowners liability limits have been maxed out. But what’s less known is just how flexible this coverage can be. For example, if you’re sued for defamation—say, something you posted online that someone claims damaged their reputation—umbrella insurance can help cover your legal costs.
Protection While Traveling Abroad
Here’s another unexpected perk: umbrella policies often provide coverage when you’re outside the U.S. Suppose you’re vacationing overseas and accidentally cause injury or property damage—your umbrella policy could help protect you. It’s not just about big lawsuits at home; it’s about extra security wherever life takes you.
Volunteer Work and Rental Properties
If you volunteer with a local organization or coach a kids’ sports team, you might be surprised to learn you could be personally liable if something goes wrong. Umbrella insurance may also help. And if you own a rental property, this type of policy can add a crucial layer of protection against tenant-related claims.
At August Vincent Insurance Agency, proudly providing insurance solutions throughout Crystal Lake, IL, we’re here to answer your questions and help you explore whether umbrella insurance is the right fit for your lifestyle. Give us a call today and let’s talk about coverage that goes the extra mile.
