What Is Umbrella Insurance?

If you have both home and auto insurance, there is another type of insurance that can keep you better protected. Umbrella insurance is a type that works with both of those policies to give you a thick layer of coverage just where you need it. If you are interested in getting an umbrella policy, give us a call today at Preferred Insurance Center in Coldwater, OH. 

Liability Coverage

Your home and auto insurance policies come with a few different types of coverage, and one of those is for liability. However, the problem is that they often come with too little liability coverage considering today’s high cost of medical bills and fixing property damage. When people try to add more liability protection to these policies, the bill can get extremely high. Umbrella insurance gives you liability protection that adds on to both of those other policies, and it does it for much less money than it would cost to add directly into both of those policies. 

How It Works

When you already have your home and auto insurance in place, that insurance policy acts first when there has been an accident. Whether the accident is in your home or in your car, your home or auto insurance will come in and pay up to its stated maximum coverage amount. After that, if there is any leftover, the umbrella policy comes in and covers what is left up to its own maximum coverage amount. The maximum amount on an umbrella policy is very high, making it unlikely that there would be more after the overage has been paid by the policy. 

Get Your Umbrella Insurance Policy

Having more liability coverage makes good financial sense. To get a policy of your own, call us today at Preferred Insurance Center in Coldwater, OH.