What is an umbrella policy?

An umbrella policy is a type of insurance coverage provided by an insurance company in Indiana. It is a policy that provides additional liability coverage, which can be used to supplement the liability coverage of other insurance policies, such as homeowners and auto insurance. An umbrella policy is designed to provide extra coverage to protect you against any large costs that may result from a liability lawsuit. For example, if you are sued over a car accident and the amount of your car or homeowners insurance is not enough to cover the costs of the lawsuit, then the umbrella policy would kick in and provide the additional coverage needed to pay for the legal costs. It can also provide extra protection against liability for incidents that may not be covered under other types of policies, such as libel or slander. An umbrella policy can be a great way to protect yourself against unexpected costs associated with lawsuits, and it is important to have a good understanding of what this kind of coverage entails. It is always a good idea to speak with an experienced insurance agent or attorney to make sure you are covered appropriately and adequately for the risks you may be exposed to.

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What is an umbrella policy?

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