Umbrella insurance is a type of policy that works alongside two other insurance policies. It is a unique type of insurance that is both very helpful and very low cost. If you are thinking about an umbrella policy, give us a call today at Insurance Solutions Inc. in Cullman, AL to find out more.
Umbrella Insurance and Auto Insurance
When you have an auto insurance policy, it comes with different types of coverage. One of these is liability coverage. With this coverage, if you were in an accident that was your fault, you would owe medical and property bills. Your auto insurance would pay this liability and allow you to avoid lawsuits. However, what happens when you owe more than the amount of your coverage? In these cases, umbrella insurance can save the day. It starts paying when your auto insurance is maxed out so that any overage is paid.
Umbrella Insurance and Home Insurance
Umbrella insurance works with home insurance in just the same way it does with your auto insurance. Your home insurance comes with liability coverage, and it may not be enough to pay off medical bills. Your umbrella policy then pays the overage that your home insurance couldn’t pay. This is a valuable type of insurance to have to keep you from having to come up with these bills on your own.
Save Money on Coverage
The reason that umbrella policies are so popular is that they are relatively low priced. If you were to add liability coverage onto your home and auto policies, it can be extremely expensive. Umbrella policies, however, are inexpensive for even large amounts of coverage.
Get Your Umbrella Insurance
If you want an umbrella insurance policy, contact us today at Insurance Solutions Inc. in Cullman, AL to talk to an agent.