When you get an umbrella insurance policy, it protects you in many different ways. It adds extra liability insurance to your existing insurance policies so that you’re far better protected.
If you want to know more about umbrella insurance, call us at Integrity First Insurance in Colorado to discuss your insurance needs, or Request a Quote today.
Coverage for Your Home
When you have an umbrella insurance policy, it offers more liability protection on top of the liability coverage from your home insurance policy. If someone were to get injured on your property, your home insurance policy would pay first.
However, the maximum payouts for home insurance are generally lower than what you can get on an umbrella policy. That would mean that you have to come up with the rest out of pocket if your home insurance didn’t cover all of the injuries.
With umbrella insurance, it kicks in after your home insurance has paid to its maximum. That way, you are well-covered for your home liability.
Coverage for Your Vehicle
Your umbrella insurance also adds the same liability coverage to your auto insurance. It works the same way- first, the auto policy responds, then after it maxes out, your umbrella policy comes in to pay the overage.
This is an important protection for serious auto accidents that can cost a fortune in medical and damaged property bills. Personal Injury attorneys are constantly seeking cases in Colorado and if you cause an accident there’s a good chance you could get sued beyond your auto liability limits.
The maximum payout of an umbrella policy is quite high, keeping you well-protected if the worst should happen.
Read more about how to protect yourself from Personal Injury attorneys in our blog 3 Ways You Can Protect Yourself From Personal Injury Attorneys.
Coverage for Other Policies
An umbrella policy can also extend over other policies you might have. If you own a boat, RV, motorcycle or snowmobile and have insurance on it, your umbrella can provide extra liability protection for those as well.
Umbrella coverage is especially important if you own rental properties. The more property (or risks) you own, the higher the likelihood is that you will be involved in a liability claim. Additional liability protection can go a long way to protect your financial future.
If you don’t want to come up with the overage due after your other policies max out, you need umbrella insurance to give you more liability protection. If you have a home and auto policy and want more coverage, give us a call at Integrity First Insurance in Colorado to talk to an agent about your liability needs.