Liability insurance is an extremely important type of coverage to have, but many people don’t realize that they don’t have enough. They may assume that their home and auto insurance policies carry enough of this coverage so that they are safe from lawsuits and other legal requirements. However, they often need an umbrella insurance policy. If you are thinking about getting umbrella insurance, contact us at The Insurance Shop USA in Sandpoint, ID.
An umbrella policy works with the auto and home policies that you already have. Those policies typically don’t have much in the way of liability coverage, so an umbrella policy is like another layer or coverage laid on top of those two policies. It boosts the amount of liability protection that you get with both of these policies. And, it costs far less than changing your home and auto policies to have a larger maximum. It’s a cost-effective way to get better coverage and better peace of mind.
Umbrella insurance works in a two-step manner. The first step is that your home or auto insurance, depending on where the accident happened, will kick in and pay the medical and property-damage bills until it reaches its maximum. Step two is that the umbrella policy comes in after that. It then pays what is due over and above what the home or auto policy paid. Umbrella policies typically have large limits, so it’s likely that you won’t have anything due above that maximum.
Get Your Umbrella Insurance Protection
If you are interested in boosting your liability coverage with an umbrella policy, call us today at The Insurance Shop USA in Sandpoint, ID. You might be a good candidate for having this type of extra protection against lawsuits.