Most homeowners maintain home or condo insurance for their residences and auto insurance for their vehicles. Depending on their circumstances, they may also hold other insurance policies. Typically, those policies protect them against unexpected liabilities or losses. At the same time, umbrella insurance offers protection above and beyond the underlying policies and protection against certain lawsuits and other legal actions. If you have questions about your coverage, including umbrella insurance, contact our America’s Top Insurance team, which serves the Gahanna, OH, area.
Umbrella Insurance Supplements Primary Policies
Umbrella insurance sits atop other insurance policies; it does not replace primary insurance coverage.
Your home and auto policies are the foundation of your coverage. They offer protection against claims for specific cover events up to a set limit or dollar amount. Most claims remain under the limits of those policies. However, if an incident results in liabilities above those coverage limits, you are responsible for the difference, potentially putting your home, savings, or other assets at risk.
As the name implies, umbrella insurance shields you from those claims by providing extended protection and paying out only if your liabilities exceed your primary policy limits. Umbrella insurance is a secondary policy, so you must have primary auto, home, or other policies to obtain umbrella coverage.
Umbrella insurance only sometimes activates, which is why it is relatively inexpensive. Likewise, the higher the limits on your primary policies, the lower the cost of your umbrella insurance.
Obtaining Umbrella Insurance Through America’s Top Insurance
You can take comfort in knowing that umbrella insurance provides you and your family with an extra blanket of protection. If you live in or near Gahanna, OH, call us at (614) 733-8630 or stop by to see our America’s Top Insurance team.
