The Necessity of Umbrella Insurance for Wealthy Families
For Iowa’s affluent families, umbrella insurance provides additional much-needed liability protection. At Brown-Hurst Insurance Agency Inc., we always remind our high-net-worth clients that they equally need this extra coverage when traveling outside the United States. With umbrella insurance, you’re covered for any incidents where you might be liable — even those occurring beyond American borders.
Examples of Incidents Covered by International Umbrella Insurance
Are you curious about what type of mishaps the international umbrella insurance covers? Here are a few examples:
- Your pet accompanies you overseas and bites someone in a local market.
- You rent a car and opt for the necessary liability insurance but end up in a collision that surpasses the rental car policy’s limits.
- Following a bad service experience at a restaurant abroad, you publish a negative review online and face a defamation lawsuit.
- You collide with another skier on the slopes or hit another boat while sailing, and you’re held accountable.
Umbrella insurance offers financial protection from such unforeseen issues when you’re overseas. It can assist in managing your liability and securing legal representation, handling your extended stay costs, and compensating for any lost income back home while dealing with a liability issue in a foreign country.
Protect Your International and Domestic Liability
It is crucial not to leave your international liability coverage to chance. Before your trip, knowing what measures you can take to handle a claim against you is important. We at Brown-Hurst Insurance Agency Inc. can review your home, auto, and commercial liability coverage to ensure you are protected whether at home in Iowa or abroad.
