Umbrella insurance is a type of insurance that can provide extra coverage in the event that your regular insurance policy doesn’t cover damages or losses. This can be a great option for business owners and those who have valuable assets that they want to protect. AlphaSure Affordable Insurance Services in San Antonio, TX is here to offer guidance on this important insurance coverage.
The question is, does umbrella insurance cover rental property? Here we explore whether or not umbrella insurance policies offer protection for rental properties.
Does Umbrella Insurance Cover Rental Property?
Umbrella insurance policies can offer protection for a variety of different things. That said, whether or not they cover rental properties can depend on the specific policy. Some umbrella insurance policies will only cover damages that occur to the property itself. Others may also cover liability in the event that someone is injured on the property. It’s important to read the fine print of your policy to see what is and isn’t covered.
What Does Umbrella Insurance Cover in Rental Property?
Umbrella insurance is there to protect you in case of a lawsuit. It can cover things like rental property damage, personal injury, and even some legal fees. So if someone slips and falls on your property, or if there’s a fire that damages your rental unit, your umbrella policy could help cover the costs.
Additionally, umbrella insurance can sometimes cover things that your regular homeowners’ or renters’ insurance doesn’t. For example, if you have a trampoline on your property and someone gets injured, your umbrella policy might help cover the medical bills.
Of course, every policy is different, so it’s important to talk to a professional company such as AlphaSure Affordable Insurance Services to find out what exactly your policy covers.
Contact Us Today
So, does umbrella insurance cover rental property? The answer is yes, but there are some caveats. Make sure you speak to your insurance agent about your specific situation to be sure. AlphaSure Affordable Insurance Services in San Antonio, TX is here to help. Give us a call today.
A Few Key Ways to Keep Car Insurance Prices in Check.
Insurance companies use several ways to calculate car insurance prices. Here are a few things to consider when shopping for auto insurance.
Keep Your Current Car Insurance Policy Active
Did you know that one of the biggest car insurance discounts that are available is the prior insurance discount? In general, the longer you have continuous coverage the higher the discount that is applicable. Thus, it is important to keep your car insurance active and do not let it lapse in coverage.
Keep Higher Than Minimum Liability Limits
Not only will having higher liability limits benefit you with more protection against a potential lawsuit, but insurance insurance companies assign bigger discounts when your prior policy contains higher liability limits.
Keep Your Driving Record Clean
One of the biggest influencers in car insurance prices are previous accidents or moving violations. Indeed, a moving violation can increase your car insurance price over 20% above the base rate! Drive carefully and avoid tickets or accidents!
Call a Reputable Independent Car Insurance Agent
There are two basic classifications of insurance agents. Captive and independent insurance agent are two classifications. A captive insurance agent will serve only one insurance company. Thus a captive insurance agent has limited offerings. That is why it is important to also receive car insurance quotes from a independent insurance agent. An independent insurance agent is free to contract with and offer from many different insurance companies.
Call AlphaSure Affordable Insurance Svcs
AlphaSure Affordable Insurance Svcs 201 W Del Mar Blvd Suite 20 Laredo, TX 78041 Office (956) 729-9500 Fax (956) 729-9550 Click here for directions to our office in Laredo https://g.page/r/CXU1zyoRm7euEBA
Now In San Antonio
AlphaSure Affordable Insurance Svcs 16500 San Pedro Ave Suite 296 San Antonio, TX 78232 San Antonio, TX 78232 Office: (210) 888-1750 Fax: (210) 564-9097 Click here for directions to our office in San Antonio https://g.page/r/CWM9TFKgs-mSEBA