USAA Umbrella Insurance is an extra coverage policy that goes beyond your main insurance plans like auto and homeowners insurance.
It safeguards you from financial trouble in case of a lawsuit for bodily injury or property damage.
This insurance is reasonably priced and offers reassurance that you’re financially secure in serious situations.
USAA Umbrella Insurance Coverage
Specific Coverage:
- Bodily Injury Liability:
- Covers injuries to others, including car accident victims, guests on your property, or those bitten by your dog.
- Property Damage Liability:
- Covers damage to other people’s property, such as cars, homes, or personal belongings.
- Personal Injury Liability:
- Covers non-physical injuries like libel, slander, and false imprisonment.
- Medical Payments:
- Covers medical expenses for accident injuries, regardless of fault.
Examples of USAA Coverage in Action:
- Car Accident Scenario:
- Auto insurance covers up to $100,000, but medical expenses are $200,000. USAA Umbrella Insurance pays the remaining $100,000.
- Guest Injury at Home:
- Homeowners insurance covers up to $300,000, but expenses are $400,000. USAA Umbrella Insurance pays the remaining $100,000.
- Libel Lawsuit:
- Sued for libel; USAA Umbrella Insurance covers legal defense and awarded damages.
USAA Insurance Additional Coverage Considerations:
- Increased Limits of Liability:
- Can raise policy limits beyond the standard $1 million to $5 million or more.
- Endorsement for Rental Property:
- If you own rental property, an endorsement can be added to cover liability claims from rental properties.
- Endorsement for Non-Owned Autos:
- If you frequently borrow or rent cars, an endorsement can cover liability claims from accidents involving non-owned autos.
Benefits of USAA Umbrella Insurance
Peace of Mind:
-
- Elaboration: USAA Insurance provides a sense of security, assuring policyholders that they are shielded from potential financial hardships arising from accidents or lawsuits.
- Knowing that there’s an extra layer of protection beyond primary insurance policies can bring a peace of mind that’s invaluable in times of uncertainty.
- Financial Protection:
- It acts as a safeguard against the risk of substantial financial losses resulting from a lawsuit.
- In situations where the damages exceed the limits of primary insurance policies, the umbrella insurance steps in, preventing potential financial ruin for the policyholder..
- Affordable Premiums:
- Despite its extensive coverage, the Insurance offers relatively low-cost premiums.
- This affordability is a significant advantage for policyholders, making it a practical and accessible solution for additional protection.
- The cost-effectiveness enhances the attractiveness of this insurance, especially when compared to the potential financial benefits it can provide.
- Wide Range of Claims:
- It covers a diverse range of claims, including bodily injury, property damage, personal injury, and medical payments.
- This broad coverage ensures that policyholders are protected from various liabilities that may arise in different situations, offering comprehensive support in the face of unexpected events.
USAA Umbrella Insurance Contacts
| Contact Method | Details |
|---|---|
| Phone: USAA Member Service | 1-800-841-8500 |
| Online Quotes: | USAA Online Quotes |
| Visit in Person: | Locate a USAA Insurance Office |
USAA Umbrella Insurance Claims
- Report accidents or lawsuits promptly to USAA.
- USAA investigates the claim to check if it’s covered under your umbrella policy.
- If covered, USAA pays for damages up to policy limits, excluding your deductible.
https://youtu.be/Lw88UTlZ1HU