Umbrella Insurance in Rhode Island
If you have primary coverage within Providence, RI, such as auto and home, you might wonder, is umbrella insurance worth it? Podmaska Insurance Agency describes umbrella coverage as an extra liability safeguard that allows you to take care of excess claims when these underlying policies get exhausted. Below, we tackle what residents within Rhode Island can expect from an umbrella policy.
Property Damage Coverage
Losses and damage to property may occasionally result in significant costs beyond your auto, home, or boat coverage. When this happens, you will likely incur out-of-pocket expenses to cater to the resulting balances. Umbrella insurance can help cover the extra costs in such an incidence, providing repair and replacement coverage.
Bodily Injury Coverage
If you are liable for an accident that results in significant medical bills, umbrella insurance will also kick in to pay the extra costs. This allows you to cover 3rd party ambulance fees, consultation, and admission fees. In addition to this, homeowners whose guests incur hospital bills beyond their home coverage due to pet bites or injuries can also benefit from an umbrella cover.
Rental Unit Claims Coverage
Landlords may occasionally encounter 3rd party injuries when visitors trip or fall on their premises due to faulty structures, resulting in medical coverage. An umbrella policy can help pay for such a liability claim, allowing you to keep your finances intact.
General Claim Coverage
Numerous claims will often fall outside the scope of primary policies due to the extent of their diverse nature, an area that umbrella insurance can help take care of. Examples of these covered claims include libel, mental anguish, and false arrest. If you also make an erroneous spoken statement that results in slander, umbrella insurance will be your go-to.
Whether you need to keep your finances secure or need help taking care of 3rd party claims during your stay within Rhode Island, Podmaska Insurance Agency will guide you through your insurance journey. Contact our Providence, RI agents today for a customized policy.