21 Nov Umbrella Policy: Is it right for you
Many people are unsure of what an umbrella policy is and what it can do for them. Umbrella policies are liability policies that provide excess coverage over a variety of things, such as your house, car, motorcycle, rentals, and boat and so on. An umbrella insurance policy refers to the road coverage it offers. Most people think an umbrella is probably pretty pricey, but in fact to get a basic umbrella with $1 million in coverage is usually around $200 bucks for the year. One of the requirements is that your auto must meet a certain underlying limit of 250,000 per person/ 500,000 per accident, and your home must have a liability limit of $300,000. So for a mere $200 a year you can get double the automobile coverage and more than three times the homeowner’s coverage. Will an umbrella policy prevent you from being sued? No, but with the extra coverage you have with your umbrella, most accidents even a catastrophic accident will be taken care of by your umbrella. If you have any questions or would like a free umbrella quote feel free to check out our website homepage, or call one of our agents today.
Are you on Facebook, check us out and like our page for all kinds of great deals in the local area