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The Difference Between Personal Liability And A Personal Liability Umbrella

The Difference Between Personal Liability And A Personal Liability Umbrella

The Difference Between Personal Liability And A Personal Liability Umbrella


If you reside in the state of Michigan, it is important to do your research to ensure you are carrying adequate liability insurance. Liability insurance is designed to pay for claims that may arise if you are deemed at-fault for injuring an individual or damaging third party property. Both your auto insurance and home insurance include their own form of liability insurance Michigan. Understand how each policy will pay for liability claims and why you also need to invest in a Personal Liability Umbrella policy for increased protection against unexpected events.

Liability coverage on an auto insurance policy is required by law to drive in the state of Michigan. Liability consists of two different coverages: Bodily Injury and Property Damage. Bodily Injury will pay third party passengers if you at-fault for causing injuries in an accident. Property Damage will pay for a third party vehicle if you are deemed at-fault for the damages. While the state of Michigan only requires drivers to carry minimal amounts of liability insurance, you should consider raising your limits for adequate coverage.

Home insurance, condo insurance, and renters insurance, also include liability insurance Michigan. Each type of property insurance will provide a standard $100,000 of coverage. This limit can be increased if you choose to do so. Home insurance personal liability coverage will pay for claims that may arise due to your negligence. Claims covered in home insurance liability coverage include injuries, property damage, libel, and slander. This coverage will extend anywhere in the world. This means that if someone claims you are negligent for their injuries away from your home, your home insurance will still investigate and defend you.The Difference Between Personal Liability And A Personal Liability Umbrella


In addition to auto and home insurance liability insurance, you can invest in a Personal Liability Umbrella policy. An umbrella is a broad liability insurance policy that provides blanket coverage over your vehicles, home, and investment properties. If you own recreational vehicles like a boat or ATVs, these will also be covered under the Personal Liability Umbrella policy. Umbrella policies start at one million dollars of coverage and can be increased for additional premiums. If you want to protect everything you have worked so hard accomplish, you must invest in an Umbrella policy.

To purchase a personal liability umbrella insurance policy you will be required to carry adequate underlying coverage on your auto insurance and home insurance policies. Any individual who owns a home should invest in blanket liability insurance Michigan. Most personal insurance agents are able to quote an umbrella policy. If you want to ensure there are no gaps in your liability coverage, consult your agent and discuss the benefits of binding an umbrella policy. If you ever face a serious claim, you will have the peace of mind you need to get through a difficult situation.
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