WalletHub, Financial Company
@WalletHub
An umbrella insurance policy does not cover your own injuries or damages to your own home, car or property. Personal umbrella insurance also will not cover intentional acts, criminal behavior, damage caused while you’re performing business activities, or damage from certain dogs or vehicle types. If you need umbrella insurance for business purposes, you can purchase a commercial umbrella policy.
What Umbrella Insurance Does Not Cover
- Your own injuries or property damage
- Property damage or injuries that you intentionally cause
- Damage that you cause while committing a criminal act
- Property damage or injuries that you cause while performing business or professional activities
- Any liability that you assumed through a contract prior to the incident
- Property damage or injuries caused by dog breeds or recreational vehicles that are specifically excluded from your policy
Because umbrella insurance extends the limits on an existing home or auto liability insurance policy, it does not apply to anything that is specifically excluded from the underlying coverage. To learn more, check out WalletHub’s guide to umbrella insurance.
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