If you’ve ever walked under the rain you know that umbrellas can total be game-changers. The same applies to Umbrella Insurance policies—they offer coverage when you need it the most.
What Is an Umbrella Insurance Policy?
Whether it’s Auto, Life, or Homeowners Insurance all types of insurance come with limits. While this makes sense, in some cases it can be a problem.
For example, what happens if you are involved in an auto accident where people are injured and their medical expenses exceed the limits of your Auto Insurance policy?
In that case, your existing insurance will cover the claims up to a certain limit, but you will be responsible for the rest, which can amount to several thousands of dollars. Needless to say, that can be devastating for your personal finances.
In a scenario like the one described above, an Umbrella Policy steps in to cover claims beyond the limits of an existing Homeowners, Renters, Condo, or Auto Insurance policy.
Simply put, an Umbrella policy provides an added layer of protection to your primary coverage, giving you even greater peace of mind.
What You Need to Keep in Mind
The most important thing to remember is that an umbrella policy is not a standalone form of insurance. This means that you must have coverage already in place before purchasing Umbrella Insurance.
Also, keep in mind that due to the way Umbrella Policies work, most insurers require you to meet certain coverage requirements before selling you Umbrella Insurance.
For example, most companies ask you to have about $250,000 of liability insurance on your Auto Insurance and $300,00 of liability insurance on your Homeowners policy.
These limits and requirements may vary depending on the company, so check with the agents at RF1 Insurance Services to find an Umbrella policy that works for you.
RF1 Insurance Services: Umbrella Insurance in Southern California
Looking for Service Line Coverage in the Golden State? RF1 Insurance is your trusted local Safeco agency serving Southern California. Get in touch today: our agents stand ready to meet all your insurance needs.
Contact us by email (info@RF1ins.com), telephone (909-359-2067), or social media (Facebook, Twitter, or LinkedIn) for a free quote or to learn more about a full range of insurance solutions.