mobile menu

Need an Umbrella Policy for Your Home?

February 1, 2019

An insurance policy is necessary when your purchase a home to keep your property and possessions safe in case of any type of disaster that may occur. Standard home insurance covers many general aspects of your property, but did you know that there are supplementary policies available that can give you added protection?

A man holding a paper cut out of an umbrella above paper dolls of a family

What is an Umbrella Insurance Policy?

This type of insurance policy is one which offers extra liability insurance coverage that exceeds the limits of the insured persons standard policy. It is popular with homeowners because it provides an added layer of security to those who are more at risk for damages involving their home and personal possessions. An umbrella insurance policy will protect you, as the homeowner, from things like vandalism, invasion of privacy, slander, and libel. When your standard home insurance policy’s dollar limit has been exhausted, the umbrella policy will be helpful in covering additional costs.

Who is an Umbrella Policy Best For?

Umbrella insurance policies are best for those who have a large number of assets, or have assets that are of great monetary value. Usually having either of these presents a higher risk for being sued if any sort of damage or accident occurs. People who benefit the most from umbrella insurance policies are:

  • Landlords
  • Those serving on the board of a nonprofit organization
  • Coaches of children’s sports
  • Those who participate in risky sports like hunting or skiing
  • Volunteers
  • Those with high-value assets

How does an Umbrella Insurance Policy Work?

Consider the activities that go on inside of your home and on your physical property. In a situation where someone gets badly injured in those confines, you are susceptible to being sued for damages, medical bill coverage, and more. Your general home insurance policy will help cover some of the costs, but typically will not cover the entire amount owed if you are sued because of serious damage or injury. Your umbrella insurance policy is there to act as just that, an “umbrella” that will cover whatever is left owed after your standard home insurance policy’s coverage has been exhausted. Another situation where an umbrella policy would be beneficial is if you own very expensive antiques or equipment that is kept inside your home and a natural disaster occurs. If your personal property is damaged or destroyed, they might not be fully covered by your standard policy, and umbrella insurance is there to make sure you are not left paying for your own possessions that have been unexpectedly compromised.

Looking for an insurance agent in Carroll County? Contact the professionals at American Heritage today!


What Our Clients Say...

Over and above the time, effort and saved dollars that you put into earning our business – your careful attention to detail in getting our coverage right is what mattered the most. Thank you for educating me about the differences in coverage and for reallocating our insurance dollars to minimize our exposure while maximizing our policies.

- Eric L, President of Jeffrey Press, Inc.

Click here to view the areas that we serve

Frederick County: Frederick (21701, 20702, 21703, 21709), New Market (21774) , Mount Airy (21771), Urbana (21704), Ijamsville (21754), Walkersville (21793), Libertytown (21762), Damascus (20872), and more.

Howard County: Clarksville (21029), Columbia (21044), Cooksville (21723), Dorsey (21075), Elkridge (21075), Ellicott City (21043), Fulton (20759), Glenelg (21737), Glenwood (21738), Granite (21163), Hanover (21076), Highland (20777), Jessup (20794), Lisbon (21765), Marriottsville (21104), North Laurel (20723), West Friendship (21794), Woodbine (21797), Woodstock (21163), and more.

Montgomery County: Olney (20832), Damascus (20872), Laytonsville (20882), Silver Spring (20910), Clarksburg (20871), Gaithersburg (20878), Germantown (20876), Bethesda (20816), Chevy Chase (20815), and more.

Baltimore County: Arbutus (21227), Catonsville (21228, 21250), Cockeysville (21030, 21031, 21065), Dundalk (21222), Edgemere (21219), Essex (21221), Garrison (21055), Lansdowne (21227), Lochearn (21207), Lutherville (21093), Middle River (21220), Milford Mill (21244), Overlea (21236), Owings Mills (21117), Parkville (21234), Park Heights (21215), Pikesville (21208), Randallstown (21133), Reisterstown (21136), Rosedale (21237), Timonium (21093), Towson (21204), White Marsh (21162), Woodlawn (21207), and more.

Carroll County: Eldersburg (21784), Finksburg (21048), Hampstead (21074), Manchester (21102), Marriottsville (21104), Taneytown (21787), Union Bridge (21791), Westminster (21157, 21158), Mount Airy (21771), New Windsor (21776), Sykesville (21784), Woodbine (21797), Taneytown (21787), and more.

We also serve the rest of Maryland and the United States.