If you’re familiar with how insurance protects you, you know how important it is to have plenty of liability coverage. Most people with home and auto insurance policies believe they have plenty of liability coverage, but this might not be the case. Many home and auto policies have little liability coverage, leaving you vulnerable after a severe accident. When you want more liability coverage, umbrella insurance can provide it. Call us at Central Lakes Insurance Brokers in Edina, MN to find out more.

Add to Your Other Policies

Umbrella insurance works a little differently from most insurance policies. It adds extra liability insurance to both your auto and home policies at the same time. It boosts the liability of both so that you are better covered in the event of an accident. It’s common for people with little liability coverage not to have enough insurance to cover the medical bills and other expenses that are due after an accident. When this happens, it leaves an overage for the policyholder to pay independently. But when you have umbrella insurance, you have more liability coverage, and that policy will pay for that overage. 

Reaching Coverage Maximums

Once an accident happens, your home or auto policy, whichever covers the accident, comes in and pays as much as it can toward that accident. However, it can only pay up until its maximum coverage. This won’t be extremely high if you don’t have much liability insurance. After that, your umbrella policy can pay the rest owed. Umbrella policies have high maximum payouts. 

Get Your Umbrella Insurance

An umbrella policy may be right for you if you want more liability coverage. Call us today at Central Lakes Insurance Brokers in Edina, MN.