Umbrella Insurance in Georgia
Umbrella insurance has often been mistaken as a one-size-fits-all solution, while, in fact, it generally comes in handy when you encounter personal liability claims. This means that if your auto, home, or boat policies cannot cover the excess of the damages incurred, umbrella insurance will be your go-to. Below, Atkinson Casey Agency of Monroe, GA discusses instances where Georgia policy seekers can use their umbrella policy.
Property Damage Liability
Property damage liability will come in handy if you damage 3rd party property. Instances that result in this will be when you are found liable for auto accidents or when your visitors damage their property while visiting your home or boat. If any of these occur and your primary policy gets exhausted, umbrella insurance helps you pay for the repairs or replacement costs of fixing walls, cars, or personal property.
Bodily Injury Liability
If you injure a third party in an accident and cause physical injury exceeding your auto coverage, umbrella insurance will help you pay the outstanding medical expenses. If your guests also get injured due to pet bites or encounter trip or fall accidents and your home policy can no longer cover the hospital bills, umbrella insurance will compensate you for the ensuring expenses.
Rental Unit Claims
Landlords may occasionally find themselves liable for injuries that visitors get due to faulty property or harm caused by pet bites. If your cover cannot take care of the full extent of hospital bills, umbrella coverage reimburses you for any medical costs that you will be required to cover.
General claims will often not be covered by numerous insurance policies, leaving you with out-of-pocket expenses when they occur. Fortunately, umbrella insurance helps you limit such costs, helping you take care of issues like libel, slander, and false arrest. If you also need help with claims such as malicious prosecution and mental anguish, umbrella insurance will help you take care of your legal fees and any damages awarded.
If you need help with any of the above claims, consider reaching out to Atkinson Casey Agency today. Our Monroe, GA agents can help you get a customized solution to ensure that your coverage aligns with your Georgia residence needs.