Umbrella insurance is a type of insurance coverage that works with policies that you already have. If you have a home and an auto policy, you may be eligible for an umbrella policy to boost those other coverage types. If you are interested in getting an umbrella insurance policy, contact us at Right Way Insurance Solutions in Colorado.
One of the most important coverages you can have is coverage for your liability. With so many lawsuits pursued these days, it's important to be well covered to keep from being sued due to your liability. Part of your coverage in your home and auto policies is liability coverage. However, it is generally a relatively low amount of this coverage found in these policies. That's where umbrella coverage comes in. It adds to the amount of liability coverage that you have with each of those policies.
How It Works
When your home or auto policy pays for an accident, it has a certain maximum to pay out for liability charges like medical bills and property damage. However, with low maximum payouts, many people end up paying the overage out of their own pockets after their maximum has been reached. That's why so many people get umbrella insurance. This insurance kicks in after that maximum has been reached, and it offers liability payouts far higher than those of the home and auto policies. This can save the finances of those who have had serious accidents happen in their vehicle or house.
Get Your Umbrella Insurance Policy
If you want more liability coverage for your home and auto policies, contact us at Right Way Insurance Solutions in Colorado to learn more about these policies. It could be just what you need to give yourself the protection that is so needed today.