What is it?
An umbrella insurance policy is not meant to act as a stand alone policy. It is instead purchased in addition to a homeowners policy and an automobile policy. In order to purchase an umbrella policy, you must have the highest available coverage on your homeowners and automobile policies. Umbrella policies have a high deductible that is meant to be covered by other insurance policies. Coverage from the umbrella policy kicks in when the other insurance policies have paid out their limits or when the liability is not covered by the other insurance policies.
Why do I need it?
An umbrella policy is extra liability insurance that protects you if you are sued. Umbrella policies are inexpensive because they pay only after you’ve exhausted your liability coverage under your auto or homeowners policy.
Call Sumner Insurance Services to discuss your specific situation. We offer no cost, no obligation consultations.