How Does Umbrella Insurance Work?

Having enough insurance is different for everyone. For many people, having enough liability insurance entails getting an umbrella insurance policy. This kind of insurance works alongside the auto and home coverage that you already have. If you are interested in umbrella insurance, call us at Rising Star Insurance in Saint Paul, MN. 

Liability and Auto Insurance

If you have auto insurance, you may know that it comes with a certain amount of liability coverage. This liability coverage, however, is often relatively low. Today’s costs for injuries and property damage are higher than ever, and that can mean that your insurance policy doesn’t pay for everything before it meets its maximum payout. If you have umbrella insurance, that’s when your umbrella policy kicks in. It covers over and above the amount that your auto insurance will pay to give you a much higher maximum payout. 

Liability and Home Insurance

Umbrella insurance works in much the same way with home insurance as it does with auto insurance. It gives you a higher maximum payout after your home insurance has paid its maximum for liability. This gives you another high maximum that can pay off your liability without you having to pay for it out of your own pocket. 

Get More Liability Coverage

In today’s world, medical bills and property have skyrocketed, and your liability insurance coverage may not have kept up with the times. If you want to be protected from the many accidents and incidents that can lead to you paying for medical bills and repairing the property, call us at Rising Star Insurance in Saint Paul, MN. Make an appointment to talk with an agent about umbrella insurance policies and how they can protect you from costly bills and lawsuits.