If you are considering getting an umbrella insurance policy but you are not sure about how exactly it works, then it is important to learn the basics before moving forward. This can help you determine if it is the right move for you and your family. This is what you need to know about an umbrella insurance policy before you purchase one from Clemens Insurance Agency serving Parsons, KS.
- It covers what your other policies cannot. When it comes to your auto and home insurance, it can only cover so much. If you have a home or vehicles that are more expensive than these policies can cover, then an umbrella policy is a great option because it can cover the excess.
- It will not kick in unless your other policies have been exhausted. If you have an umbrella insurance policy in place for the reason stated above, it is important to know that it will not kick in until you have exhausted the liabilities and coverage of your other policies first. Once this has happened, you can begin to use your umbrella insurance policy.
- It can cover other liabilities. Not only is it a good thing to have for home and vehicle coverage, but it can also provide liability coverage for things such as injuries on your property and even legal protection in terms of costs if you are sued for things such as slander or libel.
If you think that an umbrella insurance policy may be the right option for you, be sure to reach out to us here at Clemens Insurance Agency, serving Parsons, KS. We can help you find the right policy to meet your needs and we can also make sure that it fits within your budget.