Coronavirus Pandemic Update

We are pleased to report that our Business Continuity Plans have been successfully activated in response to the COVID-19 coronavirus pandemic. Nearly all BBIMI employees are presently working from home with full functionality thanks to our migration to cloud infrastructure over the past few years, and we continue to be available to serve our clients while protecting the health and well-being of our team members, their families, and our community.

Our offices are currently closed to outside visitors and we encourage our clients to communicate with us and with their insurance companies via telephone, email, here on our website, or via other digital means.

We wish everyone continued safety as we work together as a global community to overcome this pandemic threat. Close

Umbrella Insurance

What is Umbrella Insurance?

Umbrella Insurance provides exactly the type of coverage that it sounds like it would; it provides an umbrella for you to stand under. Liability issues are everywhere and you never know what could cause someone to present you with a lawsuit. Basically, Umbrella Insurance policies protect you from liability issues that go beyond the liability limits of standard insurance policies, such as your homeowner’s insurance, car insurance, etc. This policy literally puts you under its umbrella so that when you exceed the liability coverage limits on an insurance line, you will still be protected.

What does Umbrella Insurance cover?

Most liability coverage that rests within your current insurance policies only covers bodily injury and property damage to others. Umbrella policies will extend those limits to not only provide additional coverage for bodily injury and property damage, but also to cover things that are not listed under regular liability allowances. Every policy is different, so what is considered a covered liability issue under one insurance line may not be covered on another insurance line. Umbrella Insurance kicks in when these situations present themselves and/or you exceed the amount of liability coverage for the events that are already allowed under your regular insurance policies.

Why should you purchase Umbrella Insurance?

You may not think you need an umbrella policy, but consider this: What happens to you and your family’s assets should you be sued for something that occurred at your home and the legal costs of the lawsuit greatly exceed the liability coverage defined by your homeowner’s policy? Who will pick up the tab if you are responsible for a multi-car accident and your liability costs exceed the limits on your car insurance by thousands of dollars? Although these kinds of things may be few and far between, you cannot be too careful. Umbrella Insurance is typically purchased at a low cost to you, but will provide enough coverage to where you shouldn’t have to worry about liability costs in the future. Contact BB Insurance Marketing, Inc. today for more information on umbrella policies and get a free online quote!