Umbrella insurance offers people a way to get more liability coverage where they most need it. It adds to the liability coverage of other policy types. If you are interested in an umbrella policy, call us at Planners Insurance Group in Fort Worth, TX. It can help you financially to have more coverage for your liability.
Your Home Insurance Policy
Your home insurance policy encompasses several different types of coverage, and liability is one of those. The liability component of home insurance covers the homeowner against accidents or illnesses on their property. This type of coverage is generally very low on home insurance policies, so many homeowners want more of this coverage. Adding an umbrella insurance policy to the home coverage you already have will raise that liability coverage to a much higher amount.
Your Auto Insurance Policy
Like your home insurance policy, your auto insurance policy has a small amount required for liability coverage. But as with home insurance policies, this is rarely enough coverage. With hospital bills being as high as they are, it’s always a good idea to have plenty of liability insurance in case of accidents. With an umbrella insurance policy, more liability insurance is added to what you already have with your auto insurance policy. After an accident, the auto insurance policy will first payout up to its policy limit. After that, the umbrella policy comes in and pays the rest of the bills up to its own policy limit.
With medical bills constantly rising, it’s always best to have plenty of liability insurance. To learn more about umbrella policies, call us at Planners Insurance Group in Fort Worth, TX.