Umbrella Insurance In Indiana
If you are keen on news, you can’t miss headlines about individuals or businesses being sued. The US is a highly litigious society, and you can virtually be sued for anything! But you can protect yourself against lawsuits by purchasing umbrella insurance from American Business Insurance, serving many locations in Indiana. But before then, let’s look at the ins and outs of umbrella insurance to help you make an informed decision.
What is umbrella insurance?
It’s liability coverage that comes into play when your auto, home, boat, or business insurance limits run out. For instance, if you are liable for a severe accident, your auto insurance will only do so much. It will cover the liability costs up to the insured limit and then leave you to sort the uncovered amount from your pocket! Luckily, your assets are safe if you have umbrella insurance because this coverage takes over from where your typical liability coverages leave off.
Ultimately, umbrella insurance covers you in the following areas:
- Bodily injury when accused by others
- Property damage when accused by third parties
- Personal liabilities like libel, slander, false arrest, and malicious prosecution
Another beauty of umbrella insurance is that it can protect you even when outside America as long as your premiums are up-to-date.
Who needs umbrella insurance?
Wondering who needs umbrella insurance in Indiana? If you are earning a livelihood, you need to invest in umbrella insurance to protect your assets. Besides, if you belong in the below categories, you need liability insurance ASAP because the likelihood of being sued is high. You need umbrella insurance if you:
- Own significant assets
- Coach youth or kids’ sports
- Own a home, boat, or car
- Chair a charitable organization
- Participate in high-risk hobbies like skiing and archery
- Are a landlord
Are you looking for an affordable umbrella insurance policy in Indiana? Would you please get in touch with American Business Insurance? We will analyze your situation and recommend the umbrella liability limit that optimally protects your assets.
While our office is located in Indiana, we serve all across the United States