How Umbrella Insurance Works

When you already have an auto insurance policy as well as a home policy, an umbrella policy can help you to be better covered. This insurance covers you when you need extra coverage but don’t want to pay high prices for it. It’s a cost-effective way to get the coverage you need to save yourself a lot of money after a serious accident. When you’re interested in getting umbrella insurance, call us at All Around Insurance Agency in Katy, TX.

Umbrella Insurance: A Comprehensive Guide

Low-Cost Liability Coverage

Both home and auto insurance policies come with liability coverage, but it often doesn’t have very much. That means that if a serious accident happens, the liability coverage may not be enough to pay for all of the bills due. The costs of medical bills and lost wages can be extremely high, and when you don’t have enough coverage to pay them, there is an overall that you have to pay. The liability coverage that you get with umbrella insurance is enough to cover those overages so that you don’t have to pay them. And, it costs much less to cover yourself with umbrella insurance than it does to add more liability coverage to your home and auto policies.

How It Works

The first policy to pay after your accident is your home or auto policy. It will pay up until it reaches its maximum. After that, the umbrella policy will come in and pay what is left over. Umbrella policies have very high maximum payouts, so it’s rare for there to be any overage after they have paid. This leaves you far better covered in case of expensive accidents. 

Get More Liability Coverage

When you want to be better protected against accidents, umbrella insurance may be the answer. Call us at All Around Insurance Agency in Katy, TX.