Umbrella Insurance in Revere, MA
Unexpected events can sometimes lead to financial challenges that go beyond what standard insurance policies handle. Umbrella insurance may provide extra liability coverage when a claim exceeds the limits of your standard policies.
Who Needs Umbrella Insurance? 
Umbrella insurance may cover anyone who could face significant liability claims. If you own property, drive a car, post online or dabble in activities with higher lawsuit risks, you might benefit from this policy’s added financial protection. Consider umbrella insurance if you have savings or assets you want to keep secure against lawsuits or claims.
What Does My Policy Cover?
Umbrella insurance steps in after your primary policy limits are reached. It may give you an additional layer of liability coverage that broadens your financial protection in situations where costs can climb quickly. Here are some of the common areas it may cover:
- Third-party bodily injuries
- Third-party property damage
- Attorney and court costs associated with lawsuits
- Incidents not covered by standard policies, such as claims of slander, libel or false arrest
Keep in mind that personal umbrella policies do not cover everything. They typically exclude coverage for criminal actions, damage to your personal property and losses or claims related to your business.
When Might Umbrella Insurance Apply?
Umbrella insurance typically extends liability coverage beyond personal policies like auto and homeowners, but it can also apply to several others, depending on the insurer. Common ones include:
- Renters insurance
- Condo insurance
- Watercraft/boat insurance
- Recreational vehicle insurance
Secure a Policy Today
Contact R.M. Cataldo Insurance Agency today to learn how umbrella insurance can strengthen your coverage. Our team can discuss your options and help you choose the appropriate policy.