Contact Us
Corner Stone Financial
7003 Evergreen Ct, Annandale, VA 22003
Phone : 703-642-0305
Fax : 800-878-1136
Email : [email protected]
Umbrella Insurance
You have auto and homeowners insurance, so you’re covered for any event, right? Maybe not. Have you thought about what might happen if you are in a situation where your current policy limits won’t cover the entire amount of a claim? Umbrella insurance is a special type of insurance that will extend those limits and insure you above and beyond your present limits.
Umbrella insurance protects you from any claims or lawsuits that go beyond the limits and coverage of other policies. This policy can help protect your assets and your future in two important ways:
- Umbrella insurance may help cover you when your auto, homeowners, boat, or other insurance policy limits have been exhausted.
- Umbrella insurance may provide coverage for a claim that may be excluded by your other liability policies including a claim such as libel, slander, false arrest, and liability coverage for any rental units you own.
What Does Umbrella Insurance Cover?
Are you confused about what your umbrella policy will cover? Well, let’s explain the details a bit. Umbrella insurance will provide coverage for:
- Injuries
- Damage to your or another party’s property
- Certain types of lawsuits
- Personal liability
Here are some examples of the types of coverage provided by your Corner Stone Financial umbrella policy and how it protects you:
Bodily injury liability — will cover the cost of any damage to another party’s body, including the cost of their medical bills or a liability claim due to an injury caused by:
- A severe auto collision where you are deemed to be at fault
- Injury to others caused by your dog
- Slipping or falling injuries that guests experience in your Virginia home
- A guest’s or neighbor's child falling when playing in your yard
Property damage liability — will cover the cost of damages or loss of another person’s tangible property, such as damage caused to vehicles or other property due to an automobile accident where you are deemed to be at fault.
Owners of rental units — Helps protect you against liabilities you may face as a landlord, such as your tenant’s dog injuring someone that you are held accountable for, or someone falling on your rental property or tripping over a crack in the sidewalk and suing you for damages
Umbrella insurance also protects you if you’re sued for:
- Libel: An injurious written statement
- Slander: An injurious spoken statement
- Malicious prosecution
- False arrest, imprisonment, or detention
- False arrest, imprisonment, or detention
- Shock/mental anguish
Have questions about how Umbrella insurance can protect you and your assets? Call your Virginia insurance experts at Corner Stone Financial for answers today!
Head office address:
7003 Evergreen Ct Annandale, VA 22003
Call for help:
703-642-0305
