Umbrella insurance is a secondary type of coverage that covers personal liability. Umbrella insurance, also known as personal excess liability, is not a stand-alone policy. Unlike other types of insurance, umbrella insurance doesn’t provide coverage for a specific risk. For instance, your homeowners’ policy covers your house and the personal items from theft or damage while your auto insurance protects in the event of an accident.

That’s not how umbrella insurance works. This type of insurance policy covers most aspects of your financial life – the same way an umbrella covers most of your body so that you don’t get rained on. Umbrella insurance protects you from massive lawsuits that may wipe out your assets. If you are looking for umbrella insurance in Pennsylvania, the Tyson Agency in Northeastern, PA is the place to go.

How Umbrella Insurance Works

Umbrella insurance protects the policyholder from lawsuits, meaning that it’s a type of liability coverage. Damages from a car accident can easily add up to millions of dollars. The problem is that most carriers offer a maximum liability coverage of up to half a million or less. In the event of an accident where the damages exceed these limits, you will end up with a lawsuit that can easily leave you bankrupt. Umbrella insurance protects you from such incidences.

What damages does umbrella insurance cover?

Umbrella insurance covers a variety of damages, from legal fees to property damage and bodily injury. In the event of a lawsuit that results in a legal battle, your umbrella insurance coverage will pay the legal fees. That’s very important considering how expensive lawyers can be. If you are looking for umbrella insurance in Northeastern, PA, the Tyson Agency has got you covered. For more information about our umbrella insurance policies, give us a call or visit our Pennsylvania offices to speak to one of our agents.