It’s always important to have enough liability coverage in case a serious accident happens. Many people have both an auto policy and a home policy to protect themselves. However, these may be lacking in a type of coverage that you badly need. They often don’t have very much liability coverage, and this can leave you at risk of huge expenses. If you have these two policies, it can be helpful to get an umbrella policy to add to the amount of coverage you have on both.
When you need umbrella coverage, call us at Riverside Insurance Agency Inc. in Byram, MS.
Adding More Liability Coverage
With your home policy, liability coverage is very important in case someone has an accident while on your property. This can be extremely expensive when there are injuries that require medical attention. Home policies often have little of this coverage, though. The same is often true with auto insurance. When you add extra liability insurance to your home and auto policies individually, the price can be quite high. Many people find that doing so is unaffordable for them. That’s why there’s umbrella insurance. It adds more liability coverage to both of these policies, and it doesn’t cost much. It’s a great way to keep yourself better protected.
Paying the Overages
If you don’t have enough liability coverage and an expensive accident does happen, there may be an overage due once your home or auto policy has paid out as much as it can. This overage maybe thousands of dollars. When you have an umbrella policy, it pays this overage after your auto or home policy has maxed out. The maximum payout of umbrella policies is extremely high.
Get Umbrella Insurance Today
When you’re interested in getting more liability coverage, call us at Riverside Insurance Agency Inc. in Byram, MS.
