How Does Umbrella Insurance Work?

Having enough insurance coverage is highly important. It’s essential to have certain types of insurance so that you’re protected against various risks. If you already have home and auto insurance policies, you have the coverage you need… or do you? You may have the required amount of coverage mandated by your lender and the state. However, there are many different kinds of coverage in these policies. One of them is liability insurance. Home and auto policies each have some liability coverage, but they may not be enough for a severe accident. That’s why you need umbrella insurance to give you enough coverage to meet serious medical bills. Contact us at Cordell Insurance in Baton Rouge, LA when you need more coverage. 

More Liability Coverage

Your liability coverage is there to pay for the medical bills of others if they should become injured in your home or by your vehicle. Your home and auto insurance likely have a minimum amount of this coverage. If you don’t have much of this coverage, adding more liability coverage onto your home and auto policies can be highly expensive. When you get an umbrella insurance policy, it adds to both of those policies at once. It costs much less than getting more coverage added directly to both policies. 

Covering Overages

If you don’t have umbrella insurance and a serious accident happens, your home or auto policy may not be enough to pay all medical bills. This would leave an overage for you to pay by yourself. When you get umbrella insurance, it comes with a very high maximum payout that will cover most accidents, even if they’re serious. 

Get Umbrella Insurance

When you want better protection, call us at Cordell Insurance in Baton Rouge, LA to get started.