Umbrella Insurance

Umbrella insurance protects what’s most important to you

M8 Insurance protects what matters most to you. Umbrella insurance is extra liability insurance – helping to protect you from major claims and lawsuits, which protects your assets.

What Is Umbrella Insurance?

Umbrella insurance is liability insurance that covers you above and beyond standard liability insurance. It helps protect your assets from major claims, above limits of traditional homeowners, auto, and boat insurance policies. It can also cover claims that may be excluded from other liability policies, potentially including but not limited to: libel, false arrest, coverage on rentals, and slander.

How Does Umbrella Insurance Work?

Let’s say you were in an automobile accident, where you were cited as at-fault, and someone else sustained injuries, totaling a large sum of money. Your bodily injury limit on your auto insurance was X amount of dollars – so your auto policy will cover that. But what about the other large amount remaining? You are liable for that. This is where an umbrella insurance policy would go into affect.

What does Umbrella Insurance Cover?

Coverage can differ, depending on the state, county, and city regulations. In general, umbrella insurance usually covers:

Bodily Injury Liability

• Injuries sustained during your at-fault auto accident

• Injuries to others due to a pet

• Injuries by/to a guest in your home

• Various other injuries in your home or by your property

Certain lawsuits

• Slander – (injurious spoken statement)

• Malicious prosecution

• Libel – (injurious written statement)

• Mental anguish or shock

• False arrest, detention

Property Damage Liability

• Damage to vehicles and other property during at-fault auto accidents

• Damage to property caused by your pet

• Damage to school property caused by your child

Certain personal liability situations

• Helps protect rental properties and you as a landlord, like:

  • Someone sustaining an injury at your rental property

  • Your tenant’s pet injuring someone and them suing you, the landlord

• Other personal liability situations

For more Information, visit us in person at our main office in Cottonwood Heights, UT or give us a call! We have licensed agents at M8 Insurance who can answer any questions you have.