When it comes to protecting your assets, liability coverage is a must. But what happens when your standard liability insurance isn’t enough? For Tampa residents, umbrella insurance can provide the extra layer of protection you need. Let’s break down the differences between these two types of coverage and why umbrella insurance might be the right choice for you.

What Is Standard Liability Coverage?

Standard liability coverage is included in many insurance policies, such as auto, home, and renters insurance. It covers costs related to injuries or property damage you’re legally responsible for. For example, if someone slips and falls on your property or you cause a car accident, liability coverage helps pay for medical bills, legal fees, and repair costs.

However, standard liability coverage has limits. Once those limits are reached, you’re responsible for paying the remaining costs out of pocket. This is where umbrella insurance comes in.

What Makes Umbrella Insurance Different?

Umbrella insurance is designed to extend your liability coverage beyond the limits of your standard policies. It kicks in when your primary insurance has been exhausted, covering additional costs like legal fees, settlements, and damages. Umbrella insurance also provides coverage for situations not typically included in standard liability policies, such as libel, slander, and false arrest.

For Tampa residents with significant assets or high-risk factors, like owning rental properties or having teen drivers, umbrella insurance offers peace of mind and financial security.

Is Umbrella Insurance Right for You?

U.S. Property Insurance Agency is here to help Tampa residents determine if umbrella insurance is the right fit for their needs. Whether you’re looking to protect your savings or safeguard your future, we’ll guide you through the process. Visit U.S. Property Insurance Agency today to learn more about umbrella insurance and how it can benefit you.