What is umbrella insurance used for?

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Umbrella insurance is extra insurance that provides protection beyond existing limits and coverages of other policies. Umbrella insurance can provide coverage for injuries, property damage, certain lawsuits, and personal liability situations.

What is the difference between blanket and scheduled coverage?

If you have a number of valuable items worth under $1,000 each, blanket coverage will be a good option for you to have higher coverage limits. Scheduled coverage involves more preparedness and organization on the part of insured. Moreover, it is usually more expensive compared to blanket coverage.

What is blanket amount in home insurance?

An important number to check in your home insurance policy is the replacement cost (sometimes called blanket amount). This is the amount of insurance provided to rebuild your home from the ground up if it were devastated by fire, weather events or other perils.