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Coosa Valley Financial Group

415 E 2nd Ave
Rome, GA 30161-3223

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Frequently asked questions about umbrella insurance

Below are some of the most commonly asked questions and answers to those questions.

How much umbrella insurance do I need?

It depends on your assets and net value. If you live in a rental with little to no high liability factors, you probably would be fine with your renters’ and auto insurance policies. You might want to consider an umbrella policy if you own a trampoline, swimming pool, pets, or have people over frequently. You might want to talk with an insurance agent to figure out how much you need.

Does an umbrella insurance policy cover all lawsuits?

An umbrella insurance policy covers lawsuits involving personal injury, property damage, and bodily injury. An umbrella insurance policy will not cover lawsuits that involve purposeful damage.

What are the most common umbrella claims?

The most common umbrella claim reported is a business auto liability. Other common claims for umbrella insurance are teenage drivers, dog bites, false arrests, and slander.

What is not covered under an umbrella policy?

There are many things umbrella insurance does not cover. If you purposely do something to someone else, umbrella insurance will not cover it. Umbrella insurance covers liability costs for accidents due to something you or a family member did.

Since an umbrella policy is liability insurance, it does not cover things that happen to your possessions, home, or car. That is what home insurance and car insurance are for.

Contact Coosa Valley Financial Group

If you have questions that weren’t answered, reach out, and we will answer those questions. Contact us for an umbrella insurance quote, or stop by Coosa Valley Financial Group in Rome, GA.