Frequently Asked Questions about Umbrella Insurance

You may have heard of umbrella insurance. Separate from your home or auto insurance, this type of coverage offers protection for your valuable assets. Since umbrella insurance is not as common as auto or home insurance, you may be unfamiliar with this type of insurance offered by Hart Insurance. Below, Federal Way, WA residents can get answers to some of the most common FAQs.

What Is Umbrella Insurance?

Umbrella insurance is supplemental to your standard insurance policies and offers an extra layer of liability protection. It offers additional protection on top of your regular policy by filling in the gaps and increasing coverage limits. When you are found at fault for an injury or property damage, the damages may exceed your policy’s limits, and this is where umbrella insurance comes in. 

What Does Umbrella Insurance Cover?

As mentioned, umbrella insurance provides an additional layer of protection when it comes to liability. This policy can be used to cover legal and court costs, settlement offers, etc. if you are sued for an accident on your property. It will also cover some of the risks that your other policy excludes, such as false imprisonment, defamation, and slander. 

How Does Umbrella Insurance Work?

Let’s assume someone sues you after an auto collision. Your auto insurance policy will cover the damages up to the policy limit. In the event the other party’s costs are more than this, you would ordinarily have to pay these expenses out-of-pocket. However, umbrella insurance covers repair costs, medical expenses, and legal fees that exceed your auto policy’s limit up to its own limit.

If you believe you could benefit from an umbrella insurance policy in Federal Way, WA, contact Hart Insurance today to speak to one of our insurance agents. We would be happy to answer any further questions you may have and help ensure you are sufficiently covered in the event of an accident.