If you have both home and auto insurance policies, there are many different types of coverage included in each of these policies. One of those is coverage for liability. However, you may not have much liability coverage in these policies, and umbrella insurance can change that. If you want to find out more about umbrella insurance, give us a call today at T.D. McNeil Insurance Services in Folsom, CA.
Home and Auto Insurance
If you already have home and auto insurance, you are able to get an umbrella policy that boosts the coverage of both of them. With one umbrella policy, it adds liability coverage onto both your home and auto policies so that you are far better covered. The maximum payout of home and auto insurance for liability is often relatively low. This can leave you without enough coverage if there were to be a serious accident. Umbrella insurance, however, has a much higher payout maximum than most home and auto policies to give you extra protection.
How Umbrella Policies Work
First, there is an accident. It may happen in your vehicle, or it may happen in your home. When a third party is injured in that accident, you will be liable for the medical bills if the accident is judged to be your fault. First, either your home policy or your auto policy comes in to pay medical bills that become due. The problem is that it will only pay up to its max payout amount. When this number is relatively low, this will leave a lot of overages that will be yours to pay. When you have an umbrella policy, that policy comes in after the first has maxed out and pays what is left over.
Get Your Umbrella Insurance
If you need umbrella insurance to be better covered, contact us now at T.D. McNeil Insurance Services in Folsom, CA.