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Landlord’s insurance offers some level of liability coverage. This coverage pays for liability costs that may come about in case of third-party bodily injury or property damage. For instance, if a potential tenant comes to inspect your rental property and falls off your slippery stairs, breaking their arm, they will likely sue you for compensation. The liability portion of your
As a landlord, you must consider your family’s safety and security as well as the security of all your rental properties, your tenants, and any potential liabilities. This is where umbrella insurance becomes useful. However, it might be a little confusing to know which liabilities are covered and which are not. This blog will help dispel the mystery surrounding umbrella
What Is Umbrella Insurance? An umbrella insurance policy provides additional protection beyond the coverage limits of your existing policies. The policy also provides for claims that may not be included in your liability policies. Umbrella insurance provides coverage for injuries, property damage, certain lawsuits, and personal liability situations. Here are some instances when having umbrella insurance will save you from
Amazing Facts About Umbrella Insurance When it comes to protecting the things that matter the most, umbrella insurance is extra liability coverage that goes above and beyond the limits of your other insurance policies. Your umbrella policy also covers situations that aren’t covered by your primary policies, giving you peace of mind that you are well and truly covered. Take
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