What Is an Umbrella Insurance Policy?

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An umbrella insurance policy boosts other policies that you have to provide you with an umbrella of protection. If you think you need an umbrella policy, or you want to find out more about them, call us at The Insurance Shop USA in Sandpoint, ID to find out more about these helpful policies. 

Umbrella Insurance

For people who already have an auto policy and a homeowners’ policy in place, this type of coverage provides more coverage, over the maximum of those policies. The policy entails that the first insurance policy, either the home or the auto policy, has to pay out to its maximum coverage before the umbrella policy kicks in. When it does, it has a substantially larger maximum than either the home or auto policies. This allows for a much higher payout should the worst happen. 

Liability Coverage

The extra coverage that umbrella insurance gives to the insured is in the form of liability insurance. This covers accidents and other incidents that are judged to be the insured’s fault. It also provides liability coverage for other occasions that are not carried in homeowners’ policies. This allows you to get the payout you need when accidents happen instead of having to pay out of pocket for the liability portion. And, this type of insurance costs far less than it would cost to raise your liability maximums on your home and auto policies. 

Getting Umbrella Coverage

If you don’t want to pay far too much for extra liability coverage on your home and auto policies, call us at The Insurance Shop USA in Sandpoint, ID to make an appointment with an agent who can help you decide how much insurance you really need to keep your financial future safer.