What Is an Umbrella Insurance Policy?

An umbrella insurance policy is a unique type of coverage that works with other policies that you already have. When you already have a home policy and an auto policy, you have important coverage you must have. However, when you have these policies, there’s one type of coverage you might not have much of. That type is liability coverage. When you want more of this coverage, umbrella insurance provides it. If you’re interested in umbrella insurance, call us at The Insurance Outfit in Chester, NJ.

Home and Auto Coverage

When you have both of these policies, each has different types of coverage. Each of these are important types of protection. However, these policies often don’t have much liability coverage. The bare minimum amount of coverage is usually offered, especially with auto insurance. When you don’t have much liability insurance, you’re financially vulnerable. A serious accident that causes expensive injuries can cost you many thousands because your home or auto policy might not cover all the bills. When you need coverage to pay for all expenses, you need an umbrella policy. It adds liability coverage to both of these policies. Umbrella insurance adds a lot of liability coverage with a huge maximum payout. This is generally enough to pay for severe accidents in most cases. 

Low-Cost Liability Coverage

The cost can be high if you want to add liability coverage to your home and auto policies. The price of adding this coverage with an umbrella policy is much lower. The typical umbrella policy is highly affordable and adds enormous coverage that can certainly come in handy after an expensive accident. 

Get Umbrella Insurance

Call us at The Insurance Outfit in Chester, NJ if you want more liability coverage.