Umbrella Insurance

Accidents happen and unfortunately so do lawsuits. Yes, you may already have some of these events covered by your home or auto policy.  However, in the event of a serious accident or injury, your basic policy may not cover all the expenses you can accrue. You may want to consider the peace of mind of owning a personal umbrella policy. Umbrella coverage will pick up where your home, auto, boat, or recreational vehicle liability insurance stops, ensuring your personal assets are protected in case of injuries, property damage, certain lawsuits, and personal liability including false arrest, libel, or slander. Acquiring umbrella insurance may be an especially wise choice if you own rental property.

Here are a few examples of what your umbrella policy may cover:

Bodily Injury Liability covers the cost of bodily injury to another person due to your negligence. Costs can include medical bills and/or liability claims as a result of:

·         Injuries to other parties due to a serious accident in which you at fault.

·         Harm caused to others as a result of your dog.

·         Injuries sustained by a guest in your home due to a fall.

·         Injuries sustained by a neighbor’s child who falls while playing in your yard.

Property Damage Liability covers the cost of damage or loss to someone’s property due to your negligence. Examples of this kind of liability include:

  • Damage to vehicles and other property as a result of an auto accident in which you
    are at fault.
  • Damage incurred when your pet damage’s a neighbor’s property.
  • Accidental damage to property caused by your child.

Rental Unit Liability helps protect against the many liability risks you face as a landlord. Examples of rental unit liability include:

  • Someone tripping over a crack in the sidewalk of your rental property and suing you
    for damages.
  • Your tenant’s dog biting someone and you being held responsible for the injuries.

Contact either Mayo Insurance or Williamsburg Insurance today to discuss your options for umbrella liability insurance. Our local offices are conveniently located at 1917 Laskin Road, Suite 101 in Virginia Beach, 5131 River Club Drive, Suite 120 in Suffolk and 4324 New Town Avenue, Suite B in Williamsburg. We also offer products in Virginia, North Carolina, Maryland, Georgia, Texas, and West Virginia. Please call for information about insurance in these states.