Month: August 2023

At Skyline Insurance LLC in Jacksonville, FL, we know that sometimes your commercial or home insurance policy limits might not provide enough coverage to make you feel comfortable enough to tackle a potential emergency. That’s why many of our clients find some peace of mind in buying an umbrella insurance policy to extend their existing coverage and bridge the gap between what they have in protection and what they would like.

As with any insurance policy, an umbrella insurance policy has terms, limits, and situations where it can’t provide coverage. As you’ll discover below, umbrella insurance policies may not cover everything we’d like for them to cover. Still, they can be a useful policy to have depending on your unique needs and goals.

Can Umbrella Insurance Cover Property Damage?

Although every umbrella insurance policy has its own terms and limits, most umbrella insurance policies do not cover property damage. The main thing that umbrella insurance covers is liability. This means that umbrella insurance policies most likely can’t be used to extend your home insurance policy’s property damage limit. On top of not covering property damage, most umbrella insurance policies won’t cover damage done to your vehicle or equipment related to your business if it’s a commercial policy.

If that’s the chief reason why you considered umbrella insurance, it can be disappointing to discover this. Still, it’s valid to want more property damage coverage than what you have currently. There may be alternative solutions to this issue like changing your homeowner’s insurance policy.

Contact Us Today

If you’d like to learn more about how our umbrella insurance policies can give your home insurance policy an extra boost of protection in certain areas, call our office at Skyline Insurance LLC in Jacksonville, FL for a quote today!