Umbrella insurance is a type of coverage that is unique in the way it protects you. It adds to the liability coverage that you have with your home and auto policies. If you want better liability protection for your home and vehicle, contact us at Creative Risk Management LLC in New Jersey.
Umbrella Coverage and Home Insurance
When you have a home insurance policy, it includes several different types of coverage. One of the types of coverage it offers is liability coverage if someone becomes sick or injured in your home or on the land around it. When you have standard coverage, the liability amount is generally quite small. That means that with a serious accident, your policy could max out on its liability coverage and require you to pay the rest from your own pocket. Umbrella insurance gives you extra liability coverage on top of your home insurance. With this coverage, the maximum is far higher than with your home policy.
Umbrella Coverage and Auto Insurance
Just as it adds to the liability coverage of your home policy, it adds to the liability coverage of your auto insurance. Once your auto policy has maxed out when paying for the medical costs and property damage from an accident, your umbrella policy then adds more liability coverage for better financial protection. It keeps you much safer if you get into a serious accident that is judged to be your fault.
Get Your Umbrella Insurance
If you already have home and auto insurance, getting an umbrella policy to enhance those coverage types is a smart way to stay protected. With this policy, you have a very high maximum payout that will cover far more than your home and auto policies. To talk about your own umbrella policy, call us at Creative Risk Management LLC in New Jersey.
