How Does Umbrella Insurance Work?

When you want to have better liability coverage than you already have, getting an umbrella insurance policy is an option available to you. If you already have home and auto insurance, it works with those policies to provide you with more coverage. If you want to know more about umbrella insurance, call us now at INW Insurance Solutions in Mesa, AZ.

Home and Auto Insurance Policies

Both your home and auto policies come with several different types of coverage. One of these coverage types is liability protection. This pays for lost wages and medical bills after someone has an accident that you are liable for. In your vehicle, that is generally from an accident that you are at fault for. In the home, this can be an accident that is anywhere on your property. However, your home and auto policies most likely have little coverage for liability. If you get an umbrella policy, it adds to the amount of liability coverage that you have. 

Two Insurance Policies

When you have an umbrella policy, it adds to both your home and your auto insurance’s coverage for liability. That means that your home is covered by both your home insurance and your umbrella insurance, and the same is true for your auto insurance. After an accident has taken place, the first insurance company to come in is your auto or home policy, depending on the location of the accident. After it has reached its maximum payout, the umbrella policy comes along behind it and pays what it can up to its own, very high limit. 

Get Your Umbrella Policy

If you are interested in having better liability coverage, umbrella insurance may be right for you. Give us a call today at INW Insurance Solutions in Mesa, AZ  to find out more.