Month: March 2023

Umbrella insurance is a type of policy that offers extra coverage over and above your existing homeowner’s or other liability insurance. It is designed to protect you from catastrophic financial losses in the event of an accident, injury, property damage, or lawsuit. When deciding how much umbrella insurance coverage you need in Southeast Michigan from Atlas Insurance Agency, it’s important to consider the value of your assets and any potential liabilities. 

How much umbrella insurance do I need?

For example, if you own a home worth $300,000 and have $200,000 in savings, you would need at least $500,000 in umbrella insurance coverage to protect those assets. If you have multiple vehicles or recreational toys like boats or jet skis that are covered by separate policies, then you would need an even larger amount of umbrella insurance coverage. Additionally, consider if there is anyone else who could potentially be held liable for any actions – such as family members living in your home – and factor them into the equation when determining how much umbrella insurance coverage is right for you. 

Ultimately, the amount of umbrella insurance coverage needed will depend on each person’s unique situation. A good way to start researching how much umbrella insurance you should get is to talk to an experienced independent agent who can provide highly personalized advice and help create a tailored plan for your needs.

Atlas Insurance Agency Is Here To Help!

If you have any additional questions about how much umbrella insurance you need or have any questions about any other type of insurance policy, give us at Atlas Insurance Agency a call today. We are proud to serve the Southeast Michigan area, and would be happy to help you find a policy that suits your needs and your budget.