{"id":10543,"date":"2022-03-07T11:25:06","date_gmt":"2022-03-07T11:25:06","guid":{"rendered":"https:\/\/evergreenprotect.com\/?p=10543"},"modified":"2022-03-07T11:12:24","modified_gmt":"2022-03-07T11:12:24","slug":"who-pays-when-you-have-a-claim-more-than-your-liability-coverage","status":"publish","type":"post","link":"https:\/\/evergreenprotect.com\/tips\/auto-insurance\/who-pays-when-you-have-a-claim-more-than-your-liability-coverage\/","title":{"rendered":"Who Pays When You Have A Claim More Than Your Liability Coverage?"},"content":{"rendered":"<p>After an accident, you file an insurance claim for damages. But in some cases, your insurance may not cover all your claims. That&#8217;s where an umbrella insurance policy kicks in. An umbrella insurance policy is an inexpensive way to get an extra amount of liability coverage. This policy delivers peace of mind when you exceed your liability coverage.<\/p>\n<p style=\"text-align: center\"><strong>How Does It Work?<\/strong><\/p>\n<p>Suppose you cause an accident that results in $300,000 worth of damages, and your coverage only covers $200,000 in liability. In that case, the umbrella policy will pay the difference between what you owe and what your insurance policy covers.<\/p>\n<p style=\"text-align: center\"><strong>What Does Umbrella Insurance Policy Cover?<\/strong><\/p>\n<p>An umbrella policy covers the following:<\/p>\n<ul>\n<li>Defamation<\/li>\n<li>False arrest<\/li>\n<li>Auto accidents<\/li>\n<li>Medical expenses<\/li>\n<li>Property damage<\/li>\n<li>Landlord liability<\/li>\n<li>Slander and libel<\/li>\n<li>Legal fees and defense costs<\/li>\n<li>Bodily and personal injury<\/li>\n<li>Accidents involving rental property<\/li>\n<\/ul>\n<p style=\"text-align: center\"><strong>What Isn&#8217;t Covered?<\/strong><\/p>\n<p>Generally, an umbrella policy doesn&#8217;t cover damage to your personal property. Other examples include:<\/p>\n<ul>\n<li>Intentional action<\/li>\n<li>Bodily injuries to the policyholder<\/li>\n<li>Claims excluded from the underlying policy<\/li>\n<li>Damage to the policyholder&#8217;s personal property<\/li>\n<\/ul>\n<p style=\"text-align: center\"><strong>Which Umbrella Insurance Is Right For Me?<\/strong><\/p>\n<p>Before you get umbrella insurance, you need to evaluate your home and property, investment accounts, bank account balances, and other assets. Umbrella insurance is typically sold in $1,000,000 increments. So, you should have enough umbrella insurance policy to replace all your assets for maximum liability protection.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After an accident, you file an insurance claim for damages. But in some cases, your insurance may not cover all your claims. That&#8217;s where an umbrella insurance policy kicks in. An umbrella insurance policy is an inexpensive way to get an extra amount of liability coverage. This policy delivers peace of mind when you exceed [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":10544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/posts\/10543"}],"collection":[{"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/comments?post=10543"}],"version-history":[{"count":0,"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/posts\/10543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/media\/10544"}],"wp:attachment":[{"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/media?parent=10543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/categories?post=10543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evergreenprotect.com\/wp-json\/wp\/v2\/tags?post=10543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}