Umbrella Insurance in Illinois

Umbrella insurance is a one-off policy that provides coverage when underlying coverage such as homeowners and auto insurance are exhausted. In addition to this, it acts as liability protection, meaning it caters to specific claims that other policies may not cover due to policy limits. For more information on what it entails, August Vincent Insurance Agency breaks down what Iowa and Illinois residents can expect from umbrella insurance.

What Does Umbrella Insurance Cover?

Property Damage Liability

Property damage liability takes care of 3rd party property damage. Incidences that could lead to this include auto accidents or when a guest’s belongings are damaged during a visit to your home. Umbrella insurance will help you cover the ensuing expenses, either repair or replacement costs, depending on the level of destruction caused.

Bodily Injury Liability

Bodily injury liability covers the costs of injures to 3rd parties and will help you cater for medical bills after other parties sustain injuries. Incidences that could result in bodily injury include pet bites, guests falling in your home, or auto accidents. When your underlying coverage is exhausted, umbrella insurance will help you offset the balance for any of these emergencies.

Rental Unit Liability

Rental unit liability comes in handy when you own rental units, keeping you safe from lawsuits arising from a tenant or other 3rd party injuries. If, for instance, someone hurts themselves while walking on a slippery sidewalk, this coverage will pay for your legal costs and damages arising from your trial.

General Liability Claims

General liability claims will occasionally be omitted from primary covers such as auto, boat, and homeowners policies, meaning you will likely pay for the damages out of pocket. Umbrella insurance can, however, help with this, helping you cover claims such as libel, slander, and malicious prosecution. In addition to this, it will also provide compensation when you are faced with claims such as mental anguish, false imprisonment, and arrest.

To get more information regarding umbrella insurance within Iowa or Illinois, consider reaching out to August Vincent Insurance Agency in East Moline, Crystal Lake, IL, or Davenport, IA today. Our Illinois or Iowa agents will help you customize umbrella coverage for your everyday needs.