Umbrella insurance is often seen as a safety net for liability claims, but it’s important to know that it doesn’t cover everything. While it provides additional protection beyond your primary policies, there are specific exclusions that Lancaster residents should be aware of. HomeSale Insurance Services is here to help you understand these gaps and explore ways to address them.
What Umbrella Insurance Doesn’t Cover
Umbrella insurance is designed to extend liability coverage, but it has limitations. For example, it won’t cover damages to your own property or injuries you sustain. If you’re a business owner, umbrella insurance typically excludes business-related liabilities unless you have a separate commercial policy. Additionally, intentional acts, such as those involving fraud or criminal activity, are not covered.
Filling the Gaps in Coverage
To address these exclusions, consider adding specialized policies to your insurance portfolio. For instance, a commercial liability policy can protect your business, while a personal injury protection (PIP) policy can cover medical expenses for injuries. HomeSale Insurance Services can help Lancaster, PA residents identify the right policies to complement their umbrella insurance.
Why Understanding Exclusions Matters
Knowing what umbrella insurance doesn’t cover is just as important as understanding what it does. This knowledge allows you to make informed decisions about your overall insurance strategy. If you’re unsure about your coverage, the team at HomeSale Insurance Services is ready to assist you in Lancaster, PA.
Umbrella insurance is a valuable tool for liability protection, but it’s not a catch-all solution. By understanding its limitations and filling coverage gaps with additional policies, you can create a comprehensive plan that meets your needs. Contact HomeSale Insurance Services today to learn more about umbrella insurance options in Lancaster, PA.
