Having enough insurance can often be tricky. Just because you have an insurance policy, that doesn’t mean you have enough coverage, and that’s especially true for liability insurance. With medical bills so high today, it’s always important to have plenty of liability protection. If you are interested in getting an umbrella policy to raise your liability coverage, call us today at Quote Savant in Frisco, TX.
How Umbrella Insurance Works
Umbrella insurance works alongside your existing home and auto insurance policies. When there is an accident that you are liable for, your home or auto policy will step up and pay for the bills that come from it. This is generally medical bills and property damage bills. However, because home and auto policies usually have a low amount of liability, they may not pay out enough for all of those bills to be paid. When this happens, your umbrella insurance policy can kick in. It then pays the amount left over after your home or auto policy has paid. This allows serious accidents to be paid for without you having to come up with the money yourself.
Why Umbrella Insurance?
Many people wonder why they should get an umbrella policy when they can simply raise the amount of liability insurance that is contained in their home and auto policies. This is certainly possible to do, but it is also very expensive to do. Raising the liability coverage on both of those policies can be prohibitively expensive for many people. Getting umbrella insurance is reasonably priced even for a very large maximum payout.
Get Your Liability Coverage
If you’re thinking about an umbrella insurance policy, contact us at Quote Savant in Frisco, TX to find out more about them.