Umbrella insurance in Ohio is a liability policy, and it’s used to cover injuries or damages for which you are found to be at fault. It’s not extra coverage for your cars or houses. Umbrella insurance can’t be used on its own. Umbrella insurance will kick in after other liability policies have been used up.
What Is Covered under Umbrella Insurance?
Many umbrella policies are for providing extra liability protection if your other liability policies, such as home or auto, aren’t enough following a severe claim. For a claim to be covered under an umbrella policy, the underlying policy for which the umbrella policy is providing an extra layer of protection should be exhausted first. Other types of claims that are covered include libel, slander, invasion of privacy, and false arrest. These types of claims aren’t usually covered under a regular home insurance policy. You must read your policy carefully to know what additional items are covered.
If you get into a car accident and cause $400,000 worth of damages, but your auto policy only covers $300,000, then you are on the hook for $100,000. This is where umbrella insurance comes in.
The Requirements for Umbrella Insurance in Ohio
Since umbrella insurance is on top of homeowners or auto insurance, you will need to have the minimums on these policies already. You could choose to increase your liability limits, but not every insurer will offer high ceilings. An umbrella policy can be more cost-effective than raising the limits on existing policies.
How Do You Get Umbrella Insurance?
Umbrella insurance begins with your other liability policies. Work with your agent at Costanzo Insurance Agency to get these policies set up first. Then you can add an umbrella policy. Adding this policy is straightforward, but there can be some background work to ensure you are eligible. This is why you must work with an insurer that is experienced with umbrella insurance.
Contact Costanzo Insurance Agency to get a quote on umbrella insurance.