With your home and auto policies in place, you have liability coverage in both. But with today’s high medical costs, it may not be enough to pay for a serious accident that occurs. Whether it is an accident that occurs on the road or in your own home, your liability for the medical bills can be far more than your home or auto policy will payout. That’s why so many people choose to get umbrella insurance. It acts as extra protection by offering a higher maximum payout for your liability for both home and auto accidents.
How It Works.
If there is a serious accident that you are liable for that is covered by either your home or auto insurance policy, that policy will pay for the medical bills up to its stated maximum payout. After that, you’re responsible to pay the rest. That’s where umbrella insurance comes in. It kicks in once the maximum of your other policy has been reached, and it will pay the overage up to its own maximum. This gives you far more liability coverage than you would have without an umbrella policy, and it can help you not have to pay an overage out of pocket.
We can work with you to determine what umbrella coverage best fits your needs. We’ll walk you through the process, every step of the way, to make sure you have an extra layer of protection that provides even more peace of mind.