Umbrella Insurance
Your auto insurance has limits. Your homeowners insurance has limits. And in a serious accident or lawsuit, those limits can run out faster than you think. When that happens, the difference comes directly out of your own pocket. Umbrella insurance is the safety net that protects everything you have worked for when your other policies are not enough.
At Ibrahim Insurance Agency in Corona, CA, we help families and individuals throughout the Inland Empire understand umbrella insurance and find the right coverage for their situation.
What Does Umbrella Insurance Cover?
Bodily Injury Liability
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If you are held responsible for injuring someone in a car accident, a slip and fall on your property, or any other incident, umbrella insurance covers the costs that exceed your underlying policy limits including medical expenses, lost wages, and pain and suffering claims.
Property Damage Liability
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If you or a family member accidentally damages someone else's property and the cost exceeds your underlying coverage, umbrella insurance covers the difference.
Personal Liability
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Umbrella insurance also covers certain personal liability situations that your home or auto policies may not cover at all. This can include claims related to libel, slander, false arrest, invasion of privacy, and malicious prosecution.
Legal Defense Costs
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Even if a lawsuit against you is ultimately dismissed, the cost of defending yourself can be substantial. Umbrella insurance covers your legal defense costs even when the amount of the claim does not exceed your underlying policy limits.
Incidents Away From Home
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Unlike homeowners insurance which is tied to your property, umbrella insurance follows you wherever you go. It can cover incidents that happen at someone else's home, while you are traveling, or anywhere else in the world.
Incidents Away From Home
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Unlike homeowners insurance which is tied to your property, umbrella insurance follows you wherever you go. It can cover incidents that happen at someone else's home, while you are traveling, or anywhere else in the world.
Frequently asked questions
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Your home and auto policies have limits. In a serious accident or lawsuit those limits can run out quickly. Umbrella insurance protects everything above those limits including your savings, investments, and future earnings.
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Yes. Umbrella insurance works on top of renters insurance liability coverage just as it does with homeowners insurance. You do not need to own a home to benefit from umbrella coverage.
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Yes. Teen drivers are statistically more likely to cause serious accidents. Umbrella insurance provides extra protection above your auto policy limits for accidents caused by any driver on your policy including teenagers.
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A common starting point is to match your umbrella coverage to your net worth. If you have $500,000 in assets, a $1 million policy gives you a solid buffer. Your agent can help you calculate the right amount for your situation.
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Yes. Personal umbrella insurance typically provides coverage anywhere in the United States and in many international locations as well.