Umbrella Insurance in Arizona
In Arizona, it is not required for people to purchase umbrella insurance but it may be something that you want to consider if you are a homeowner, auto owner, or boat owner. In basic terms, umbrella insurance is additional liability insurance that is designed to help protect you even more than your basic insurance policy. If you take a deep look at your current homeowners, auto, or even boat insurance policy, you will find that there are many components that are not covered by even the best insurance policy. These are the gaps that umbrella insurance can cover for you.
Umbrella insurance will kick in when your other insurance policies are exhausted or will no longer cover you as well. Other things that umbrella insurance may include injuries, damage to your property, specific lawsuits, and even some personal liability claims like bodily injury liability, and property damage liability. If you own rental property, umbrella insurance can protect you as the owner as well. Some of the lawsuits that it may cover include slander, libel, and false arrest.
Overall, umbrella insurance can cover a lot of things that are not covered by other policies. This umbrella-like protection gives you a more well-rounded coverage that you may be looking for. The result is what gives umbrella insurance its name. Umbrella insurance is not right for everyone, but if you are looking for more liability protection or even more protection to cover the gaps in your other policies, then umbrella insurance is something to consider. There are many different kinds of umbrella insurance policies to choose from based on your needs and wants.
You never know when you will need extra protection and umbrella insurance can help to prepare better you. Contact us today at INW Insurance Group to explore all of your options and take a look and an umbrella insurance policy that will fit all of your needs and your budget.