Types of Everyday Scenarios That Require Umbrella Insurance

As we age, our responsibilities increase, often leading to questions about whether we have enough insurance to protect our family’s assets. Your current coverage might not meet your needs, and you may need to add umbrella insurance to your existing policy. Miao Insurance Services of Pleasanton, CA can suggest viable options that provide added protection.

Auto Insurance Holders May Need Umbrella Insurance

If you have auto insurance, the need for umbrella insurance becomes apparent, especially during the summer months. This type of coverage is needed if you’re involved in a road accident. Umbrella insurance provides an extra layer of liability protection when your existing auto insurance policy has reached its coverage limit. It covers all medical care, property damage, and legal expenses associated with a personal liability lawsuit. However, umbrella insurance does not cover your injuries and damage to your vehicle.

Extra Protection for Outdoor Summer Parties

Summer is filled with backyard barbecues, pool parties, and other outdoor social gatherings. However, your home is a prime location for unexpected accidents. Umbrella insurance is an excellent asset protector. The additional liability coverage kicks in once your homeowner’s insurance policy has reached its limits. Umbrella insurance covers property damage and bodily injuries. If you have rare assets inside your home, the coverage will replace them if stolen in a robbery. Understanding your homeowner’s policy is essential before adding extra coverage. It will help you decide if umbrella insurance is a viable option.

If you still have questions about umbrella insurance, the staff at Miao Insurance Services of Pleasanton, CA are ready to help. They can provide knowledgeable answers that simplify the process of choosing the coverage needed to protect you and your family. Call and schedule an appointment today.

What is Worldwide Coverage Umbrella Insurance?

Residents of Pleasanton, CA, who frequently travel outside the country may want to consider worldwide umbrella insurance in addition to a travel insurance policy. Umbrella insurance that covers international travel can compensate for incidents your travel insurance won’t cover. Moreover, it offers additional compensation when you reach the limits of your travel insurance.

What Does Worldwide Coverage Umbrella Insurance Cover?

Worldwide coverage umbrella insurance offers the same coverage levels as a regular umbrella insurance policy. The only difference is that worldwide coverage is valid no matter where an accident or damage occurs. If you’re traveling abroad for any reason, you can rely on this form of coverage to provide compensation for covered events. For instance, if you’re boating in the Caribbean and cause an accident, worldwide umbrella insurance will cover legal and settlement costs if the injured party decides to take you to court. If you travel for business and are accused of defaming a foreign competitor, worldwide umbrella coverage will pay legal, settlement, and judgment fees.

However, worldwide umbrella coverage doesn’t compensate for injuries you incur while abroad or at home. It won’t cover the deliberate or accidental damage you cause to your property. It also doesn’t cover damage already covered by another insurance policy.

Learn More About Worldwide Coverage Umbrella Insurance from Miao Insurance Services

Miao Insurance Services is an independent insurance agency serving Pleasanton, CA, and the surrounding area. We offer policies from multiple carriers to make it easy for you to find the insurance policy or policy bundle that meets your exact needs. Contact us to learn more about your umbrella insurance options or to get a quote on your choice of insurance coverage.