GEICO says umbrella insurance offers a canopy of extra protection for your financial assets

WASHINGTON–(BUSINESS WIRE)–Uh-oh. What if you accidentally hit and injure a bicyclist at a busy
intersection? Or, you cause a multi-vehicle accident. Your insurance
policy will cover damages and liability up to a specific dollar amount.
Anything over that amount means you will have to personally cover the
difference.

Umbrella insurance offers an extra layer of protection for your
financial assets and helps protect you from catastrophic financial
personal losses.

Here’s how it works. Your primary auto, homeowners, motorcycle, and boat
insurance policies each contain limits. If an accident happens and
someone is injured or there is property damage well above the dollar
amount specified on your primary insurance coverage, you will be held
financially responsible to cover medical bills, legal fees and property
damage in most cases.

A single umbrella policy offers a safety net by adding additional
liability coverage above the current limits on your primary policies.
Umbrella insurance also protects you against certain legal situations,
including libel and slander that aren’t typically covered by other
policies.

GEICO
(Government Employees Insurance Company) is a member of the Berkshire
Hathaway family of companies and is the second-largest private passenger
auto insurance company in the United States. GEICO, which was founded in
1936, provides millions of auto
insurance quotes to U.S. drivers annually. The company is pleased to
serve more than 14 million private passenger customers, insuring more
than 23 million vehicles (auto & cycle).

Using GEICO’s online
service center, policyholders can purchase policies, make policy
changes, report claims and print insurance ID cards. Policyholders can
also connect to GEICO through the GEICO
App, reach a representative over
the phone or visit a GEICO
local agent.

GEICO also provides insurance quotes on motorcycles,
all-terrain vehicles (ATVs), boats, travel trailers and motorhomes
(RVs). Coverage for life, homes and apartments is written by
non-affiliated insurance companies and is secured through the GEICO
Insurance Agency, Inc. Commercial auto insurance and personal umbrella
protection are also available.

For more information, go to www.geico.com.

Contacts

GEICO Communications
gcorpcomm@geico.com
To
view GEICO’s Blog: https://www.geico.com/more/