• Home
• Umbrella Insurance

Umbrella Insurance in Michigan

The term umbrella insurance confuses many. Some even ask whether it's insurance for umbrellas. The reason is that car insurance insures cars and home insurance homes, making sense for umbrella insurance to cover umbrellas. Funny? Well, that's not the case. Umbrella insurance is a liability insurance policy that anyone earning a livelihood should never go without.

But before you determine whether umbrella insurance is a worthy investment, perhaps it would be best to know what it is and what it entails. Here are the ins and outs of umbrella insurance prepared by the Mitten Heritage Fraternal Society of Insurance of Berrville, MI.

What is umbrella insurance?

Umbrella insurance is that extra liability insurance that protects the limits of your other existing coverages. The policy kicks in when these other coverages' liability limits deplete like auto or home insurance. The insurance also offers claims excluded in your other liability policies like slander, imprisonment, and false arrest.

What does umbrella insurance cover?

Like we've seen, umbrella insurance is meant to protect you from potential significant liability claims when your other underlying liability coverage limits deplete. Generally, umbrella insurance will provide the following liability coverage:

• Property damage to others
• Bodily injuries caused to third parties
• Personal liabilities like libel, false arrest, and slander

Besides, umbrella insurance covers legal costs, including attorney fees and settlement fees when your accusers sue you. However, there are things that your umbrella insurance will not cover. They include:

• Business losses
• Intentional or criminal actions
• Unfulfilled contracts
• Your injuries or personal property damage

Who needs umbrella insurance?

Umbrella insurance is not mandatory. However, if you are in the following category, you need this policy ASAP:

• Own a home, car, or boat
• Have a dangerous pet that can cause injury to others
• Have assets or savings
• Are a landlord
• Own things that are prone to injuries such as trampolines, pools, dogs, or guns
• Have an inexperienced driver, like teenagers
• You are a public figure

Buy umbrella insurance today in Michigan!

Ready to purchase umbrella insurance in Michigan? Contact Mitten Heritage Fraternal Society of Insurance in Berrville, MI for an affordable quote.