Umbrella insurance adds extra protection on top of your home and auto insurance. It helps when costs from accidents or other issues go beyond what your regular policies cover.
This keeps your savings and belongings safe from lawsuits. It gives you peace of mind knowing you have more coverage from a reliable insurer.
AIGAIG Umbrella Insurance
AIG umbrella insurance protects your assets from unexpected financial challenges. It shields you from serious lawsuits.
This guide covers the benefits, products, claims process, deductibles, cancellations, and common questions about AIG umbrella insurance.
Benefits
Umbrella insurance works as a backup for liability claims. It activates when your primary policies, like home or auto insurance, max out. This extra layer shields your assets from lawsuits that go beyond those limits, keeping them safe from seizure to cover legal costs. Key benefits include:
- Broad Liability Coverage: AIG umbrella insurance covers various liability claims such as medical expenses for others’ injuries on your property, damage to someone else’s property caused by you or your family, and legal costs for claims like slander or libel.
Having extra financial protection gives you peace of mind. It lets you deal with legal matters without always worrying about losing your assets.
AIG umbrella insurance covers more than just your home and car. It can protect you during personal activities like volunteering or accidents while walking your dog.
Umbrella policies usually have high coverage limits, like $1 million to $10 million or more. This big protection helps you avoid serious financial trouble from lawsuits.
Products and Services
AIG’s umbrella insurance gives extensive coverage for liabilities. Here are the main points:
- High Coverage Limits: AIG’s policies offer big coverage limits, so you can choose the right level of protection.
- Flexible Add-Ons: You can add extra coverage like directors and officers liability if you need it.
- Bundled Discounts: Combining your umbrella insurance with other AIG policies can save you money.
For details about coverage options in your area, talk to a local AIG representative.
The AIG Claims Process
If you need to make an umbrella insurance claim with AIG, follow these steps:
- Report the Incident: Contact AIG right away about the situation that might lead to a claim. You can call their toll-free number or talk to your local agent.
- Gather Documents: Get all the paperwork together, like police reports, medical records, and statements from witnesses.
- Work with AIG: Help out during the claims process by giving them the info they need and working with them during their investigation.
Deductibles and Cancellations
AIG umbrella insurance policies have deductibles, which are the amount you pay before the policy starts covering costs. Choosing a higher deductible means lower yearly premiums.
You can cancel your AIG umbrella insurance anytime, but there might be fees for ending it early. Check your policy for cancellation details and fees.
For the latest info on deductibles and cancellations, talk to an AIG representative.
Affiliates and Partners
AIG has many independent agents and brokers nationwide. They can give you personalized advice and help customize an AIG umbrella insurance policy that fits your needs and risks. Use AIG’s online tool to find a nearby agent.
Financial Capabilities and Asset Structure
AIG is a subsidiary of AIG (American International Group) Inc., a leading global insurance organization with a proven track record of financial stability. AIG boasts a strong financial rating from reputable agencies like A.M. Best, demonstrating their ability to meet future claims obligation