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Grove Insurance Agency

319 E. Main St.
Brownsburg, IN 46112

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Featured Insurance Blog

Benefits of Umbrella Insurance

Numerous Brownsburg, IN residents, know that homeowners and auto coverage policies will cover property damage and injuries to other parties. While these are crucial to everyday living, major accidents can occur at any time, leading to extensive costs. Umbrella insurance comes in handy here, keeping you and your loved ones safe when such misfortunes occur. Below, Grove Insurance Agency outlines the benefits of umbrella insurance that will be worth your while.

Offers Liability Protection

Umbrella insurance offers liability protection when 3rd parties are injured in an accident that you are found liable for and when you cause property damage. If, for instance, you collide with another vehicle and cause extensive injury to other parties that exceed your auto cover, umbrella insurance kicks in and pays for the difference. Any property damage resulting from such an incident is also taken care of. Your umbrella cover also caters to injuries and damage that occur at your home, helping you pay your guests’ medical expenses and property repair costs.

Protects You From Lawsuits

In today’s world, lawsuits are a common occurrence, with numerous individuals facing costly legal battles every day. If you regularly entertain guests at your home and your friend gets injured or you cause damage to other people’s property, you will likely get sued for the damage caused. Umbrella insurance offers protection in such an instance, helping you pay any legal costs arising from your case and any damages awarded.

Covers You From Threats Not Covered in Your Standard Policy

Risks such as false imprisonment and mental anguish are often not covered by primary policies, requiring you to pay out of pocket when caught in such circumstances. Umbrella insurance fills this gap, providing compensation for such risks. In addition to this, it will also protect you when dealing with slander and libel claims.

To enjoy the above-listed benefits of umbrella insurance, call Grove Insurance Agency today. We will help you get customized policies during your Brownsburg, IN, residence.

How Does Umbrella Insurance Work?

Umbrella insurance is a type of supplemental insurance policy that adds to certain insurance coverage types that you already have. Because the price of medical and legal bills can be so high, many people choose to supplement their existing insurance to protect themselves better. If you are interested in an umbrella insurance policy, call us at Grove Insurance Agency in Brownsburg, IN to talk to an agent. 

Liability Coverage for Your Home 

As a homeowner who already has home insurance in place, you have a specific amount of coverage for liability. That’s where umbrella insurance comes in handy. When your home insurance policy has reached its maximum after an accident, the rest of the medical and legal bills are up to you to pay. This is true unless you have an umbrella policy. With umbrella coverage, the policy pays after your home insurance has maxed out so that you have a much higher maximum with this supplemental coverage. 

Liability Coverage for Your Vehicle

Just as umbrella insurance offers a supplement to your home insurance, it also offers one to your auto coverage. In the event of an accident, your auto insurance pays its liability coverage up to its maximum. Then, the umbrella policy picks the bills up until its own, much-higher, maximum. The result is that these bills are far more likely to be paid by insurance than to make you come up with the money yourself. 

Get Your Own Umbrella Coverage

When you want enough liability coverage to pay for accidents in your home or with your vehicle, you need an umbrella policy. To get this policy, call us at Grove Insurance Agency in Brownsburg, IN, and talk to an agent about the insurance coverage you want.