Umbrella insurance is a different type that works alongside other insurance policies that you have. It gives people better coverage than they have so that they are better protected financially after an accident. This type of coverage works alongside your home and auto policies to expand your coverage. If you need umbrella insurance for your financial protection, call us at Dalessandro Agency Inc. in Grand Rapids, MI.
You can only get umbrella insurance if you already have both home and auto insurance. An umbrella policy adds to the amount of liability coverage that you have in both those policies. Home and auto insurance comes with some liability coverage, but it is generally not very much. If a serious accident occurred, the amount of coverage that you have through home or auto likely won’t pay for all of the medical bills that result from it.
How Umbrella Works
When there is an accident in your house or your vehicle, you can be held liable for paying the resulting medical bills. First, your home or auto policy assesses the injury bills and pays for them up until it meets their payout ceiling. Once this happens, there may be a lot left over. Umbrella insurance then comes in and takes care of that. And, umbrella coverage comes with very high payout limits. This offers a lot of extra protection for you, but it doesn’t cost much to get. If you were to revisit your home and auto policies and add liability coverage directly to them, this would cost a lot more than an umbrella policy.
Get Your Umbrella Insurance
If you have a home and an auto policy, you should consider getting an umbrella policy to give you more protection. Call us now at Dalessandro Agency Inc in Grand Rapids, MI.