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152 Lear Rd
Avon Lake, OH 44012

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How Umbrella Insurance Works

What happens if damages you caused in an accident exceed the amount of your insurance coverage? If you have an umbrella insurance policy, then you may be covered. If not, you could incur additional expenses. There are benefits to having an umbrella policy.

Here at Meiners Insurance in Avon Lake, OH, we want to provide you with the right insurance policy options that suit your situation. With that in mind, here’s how umbrella insurance works.

What is Umbrella Insurance?

Umbrella insurance is additional personal liability insurance. It provides protection beyond the limits of your existing coverage for your home, auto, or boat.

Furthermore, it can provide coverage for:

  • Injuries
  • Damages
  • Certain lawsuits
  • Personal liability situation

How Does Umbrella Insurance Work?

Since umbrella insurance provides liability insurance, it will cover you if you are at fault.

For example, let’s say a guest falls in your home. Your homeowner’s insurance, if it includes personal liability, would cover the injured person’s expenses up to the limit specified in your policy. Umbrella insurance, on the other hand, would cover any additional expenses the injured person experiences.

Also, liability doesn’t just exist for injuries. Liability also applies to damage to property. Also, liability exists in cases of slander and libel.

Therefore, umbrella insurance provides you with extra protection when:

  • You are liable
  • You have reached the limit of your basic policy
  • Your other policies don’t cover your liability, such as slander or libel

Finally, an umbrella policy covers not only the policyholder, but it covers everyone in the household.

Think of Umbrella Insurance as Above and Beyond

Basically, you can think of umbrella insurance as liability insurance above and beyond your normal coverage.

Contact Meiners Insurance in Avon Lake, OH to find out more about umbrella insurance coverage.

Why umbrella insurance is so important for growing companies

Business owners turn to the team at Meiners Insurance to help them protect their commercial interests in the greater Avon Lake, OH area. If you are the owner of a growing business, it may be time to add a commercial umbrella policy to your insurance portfolio. Protect your hard work with a comprehensive insurance plan!

Benefits of commercial umbrella policies

Like most insurance types, commercial policies have protection limits. This means that once your policy is exhausted, you become financially responsible for any loss that your business may suffer. It is because of this that many business owners also carry umbrella policies to protect their companies. 

For example, if your company suffers a catastrophic loss through a covered event, your primary policy may not be enough to cover all of the damage. Fortunately, there are supplemental policies that businesses can carry. An umbrella policy will go into effect when and if the primary policy is exhausted.

This type of protection is especially important for companies that are growing. A growing company that is just hitting its stride can be decimated by a significant and uncovered loss. Because of this, business owners who are still in growth mode and not yet established will want to pay close attention to their umbrella policy options. Make sure that you have the right protection in place at the appropriate coverage level.

Count on us for your commercial insurance needs

At Meiners Insurance, we understand how much hard work and dedication it takes to grow a successful business. If it’s time to review the protection that your current commercial policy provides for your Avon Lake, OH business, we can help. Call us today to schedule a consultation to review your policy needs.


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