Umbrella Insurance in Minnesota
What is Umbrella Insurance?
Are you planning to move to Minnesota? Do you often travel or have high-priced items at home? Getting the right insurance coverage is essential. Most likely, you have already acquired a few policies to cover your valuables, but what happens when the limit of your coverage is exceeded?
Umbrella insurance covers extra financial costs above your current limit that may not be covered by the insurance company. It is essential as it mitigates against financial losses where the insurance company is not financially obligated to pay you. The policy covers your auto, home, or watercraft, providing an additional layer of security, especially if you face the risk of being sued for damages caused to other people's property or physical injuries caused to them. When in Woodbury, MN, call our Kriener Insurance agents who can advise further on which of your policies can benefit from umbrella coverage.
What is Covered by An Umbrella Insurance Policy?
This policy provides two types of coverage, mainly liability and defense costs. The policy may cover what your primary insurance policy excludes from coverage that is important to you. It may also include financial limits above what your insurance is willing to bear. The extra liability coverage is primarily in four areas:
- Property damage - In case of an accident, this policy will cover the additional cost incurred during the repair of someone else's vehicle.
- Injury to reputation - If you are sued for name defamation or slander, this policy will cover the cost incurred in case you lose the lawsuit.
- Bodily injury - If there are injuries that are caused by you, your relatives, or pets, the umbrella insurance will cover the costs associated with bills.
- Court costs - This policy covers lawyer fees in case of a lawsuit.
Our Kriener Insurance agents will evaluate your circumstances individually and advise you on what is most beneficial for coverage.
Where Do You Buy Umbrella Insurance?
In Minnesota, our customer-centric insurance agents are only a call away. You can also visit our office in Woodbury, MN for further information. Kriener Insurance agents are professional and will only offer you what best suits your needs.
