Umbrella insurance serves as a safety net, offering additional liability coverage beyond your standard home and auto insurance policies. However, like any insurance product, it has its limitations. This article aims to shed light on what is not covered under an umbrella insurance policy and other aspects that you might not be aware of.

The Basics: What Does an Umbrella Policy Generally Cover?

Before exploring what umbrella insurance doesn’t cover, it’s vital to grasp its core purpose. This insurance activates when your basic policies hit their liability caps, covering extra costs for injuries or property damage you cause. For example, if you cause a severe car accident, this policy covers medical and legal expenses beyond your auto insurance.

The Exclusions: What Does Umbrella Insurance Not Cover?

Personal Property and Self-Inflicted Injuries

One common misconception is that an umbrella policy will cover damage to your own property or injuries you inflict upon yourself. This is what an umbrella policy does not cover. If you’re looking for coverage for your personal belongings, you’ll need to look elsewhere.

Business and Professional Activities

If you’re a business owner or engaged in professional activities, your personal umbrella policy won’t cover liabilities arising from your business operations. This is a significant exclusion that many overlook. For business-related coverage, you would need a separate commercial umbrella policy.

Intentional Harm and Criminal Activities

Intentional acts of harm or any criminal activities are also not covered. If you intentionally injure someone or damage their property, your umbrella policy won’t protect you. This is a standard exclusion across most insurance policies, not just umbrella ones.

Unique Circumstances

Certain unique situations, like causing property damage with an uninsured vehicle, are also not covered. Always read the fine print to understand the full scope of what an umbrella policy does not cover.

Read More: The Essentials of Umbrella Insurance

Why Choose Allegiant Insurance for Your Umbrella Policy in Atlanta?

Allegiant Insurance specializes in providing tailored insurance solutions, including umbrella policies. They offer a wide range of insurance solutions, including property, business, and life insurance. The company prides itself on educating and servicing clients quickly and effectively. They cover various needs, from condos and homeowners associations to small businesses and non-profits.

Time to Act: Secure Your Financial Future

Understanding the limitations of your umbrella insurance policy in Atlanta is crucial for making informed decisions. Don’t leave yourself exposed to risks that your umbrella policy won’t cover. Contact Allegiant Insurance today to tailor an insurance package that truly protects you and your assets.