Once your auto or home insurance has reached its upside limit, you may resort to umbrella insurance as an additional layer of protection. This type of insurance surely offers a significant security blanket, but it does come with its boundaries. In this blog post, we aim to shed light on the areas not covered by umbrella insurance:

Umbrella Insurance: What Falls Outside its Protective Canopy?

Here is an outline of key areas that umbrella insurance does not cover:

• Your injuries. Umbrella insurance isn’t designed to cover your personal injuries. Its primary objective is to cover personal liability claims. Hence, if you seek coverage for medical expenses due to an injury, you need separate healthcare insurance or a suitable coverage policy.
• Damage to your property. Unfortunately, umbrella insurance does not cover damages inflicted on your property. Therefore, you should arrange separate coverage policies to shield your items and assets.
• Your business and associated expenses. If you run a business, be aware that umbrella insurance doesn’t cover your enterprise’s financial losses. Therefore, you need a separate business umbrella policy that caters to your business’s protective needs.
• Intentional illicit activities. Any illegal acts committed purposefully evade umbrella insurance coverage. Consequently, if you are involved in unlawful actions or events, an umbrella insurance policy won’t help.

Obtaining Suitable Umbrella Insurance Policy

If you reside in Highland Village, TX, or neighboring areas and are considering procuring an umbrella insurance policy, Thompson Insurance Services, a local insurance company specializing in multiple insurance types, stands ready to assist. Contact Thompson Insurance Services today to enjoy proper coverage tomorrow.