Umbrella Insurance in Ohio

Here at The Merhar Agency LLC in Willoughby, OH, we offer more than just your typical home and car insurance. There is coverage for every aspect of life, and we can help you navigate your options. Umbrella insurance is an essential type of coverage that too few people properly understand.

Understanding Umbrella Insurance

Umbrella insurance is all about liability. It is available for businesses and individuals, and the policies are designed to cover liability gaps or excesses that aren’t in your existing policies. You can get an umbrella policy that covers into the millions of dollars, and it kicks in to protect you if you’re faced with a lawsuit that needs more coverage than you might already have with another policy.

How It Works

In general, umbrella plans work with auto, home, and business plans. Let’s say you’re in a car accident, and you are deemed at fault. You could end up sued for damages, and if that happens, it’s common for auto policies to offer some coverage in this regard. In particular, they might cover a sum of money to be paid out in damages.

The auto policy might not cover legal and court fees, and there is a stark coverage limit on any liability payments. If a court orders you to pay more than your policy handles, you’ll be on the hook for the rest. That’s where umbrella insurance kicks in. It will pay the damages up to its limit, which is usually much higher than your auto policy. It works the same way with home insurance and commercial insurance.

If you want to get a good feel for how much umbrella insurance can protect you, contact The Merhar Agency LLC in Willoughby, OH today. We’ll help you explore your options for Ohio insurance and lock in prices to make sure you get the coverage you need.