When you already have home and auto insurance policies, you may feel that you are well-protected against accidents. However, you may not have as much coverage as you need in case of an expensive accident. When you own a home and a vehicle, it’s helpful to have an umbrella insurance policy. To get started with umbrella insurance, give us a call at Ken Boldt Insurance Agency II Inc. in Green, OH.
Umbrella Insurance: What You Need To Know
Home and Auto Insurance Coverage
Having home and auto insurance policies is a smart way to protect your investments as well as protect your financial future. When you have both of these policies, each comes with coverage for liability. This pays for the medical bills, lost wages, and other costs associated with an accident that you are held liable for. These policies often have very little in liability coverage, and that can mean that after the policy has maxed out, you still owe for the charges that are left over. This can leave thousands of dollars in bills left for you to pay. That’s why many people should have umbrella insurance.
How It Works
The home or auto policy comes in first to pay after an accident that you are liable for. Once that policy is maxed out and there are still overages left to pay, your umbrella policy comes in next. It then pays those overages so you won’t have to. It’s important to have this coverage in case of a serious accident that comes with a lot of costs. With umbrella insurance, the policy’s maximum is very high so that it can pay a high level of overages.
Get Better Coverage
If you already have home and auto insurance, umbrella insurance is a cost-effective way to get better coverage. Call us at Ken Boldt Insurance Agency II Inc. in Green, OH.