When you have home and auto insurance policies, you can choose another type of policy to boost them both. An umbrella insurance policy helps you to have more coverage for each of them, and it’s a cost-effective way to add to your existing coverage. If you are interested in getting umbrella insurance, contact us today at TAS Insurance Agency in Phillipsburg, NJ.
Home and Auto Insurance Policies
The first step to getting umbrella insurance is to have a home and an auto policy for your home and vehicles. When you get these two insurance types, they each include a little bit of liability insurance in case of accidents. However, because those amounts of liability insurance are in small amounts, they may not cover everything after an accident. If someone has an accident in your home or with your car, you may be held liable for paying all of the medical bills that result. With an umbrella insurance policy, the amount left over can be paid by the policy instead of coming out of your wallet.
How the Policy Works
Umbrella insurance is a secondary form of insurance that goes into effect when the first one has been exhausted. First, the initial home or auto insurance policy comes in to pay as much as it can toward the medical bills you owe. Then, when that has finished, your umbrella policy comes in to cover that overage. And, getting a high amount of umbrella insurance is highly cost-effective. Getting all of that extra liability coverage, and they all come with high maximums, comes at a small cost. It costs less to get one of these policies than it would add to both your home and auto insurance.
If you have home and auto insurance and you’re interested in an umbrella policy, call us at TAS Insurance Agency in Phillipsburg, NJ.