What Is Umbrella Insurance?

A unique kind of insurance, umbrella insurance helps you to have more liability coverage for other policies. It’s a great way to have better protection against a wide range of accidents. If you’re interested in umbrella insurance, give us a call at Atlas Insurance Agency in Southeast Michigan.

Protection for Home Liability

If you own a home, you likely have a home insurance policy. That policy includes coverage for your liability in your home. If a third party were to come into your home and have an accident there, you could be held responsible for the medical bills. Your home insurance policy has coverage for your liability in these cases, but it’s usually a fairly low amount. With umbrella insurance, you get extra liability protection that is added to the amount in your home insurance policy.

Protection for Automotive Liability

Umbrella insurance works with your auto insurance just as it does with your home insurance. You are legally required in Michigan to have liability coverage in your auto insurance, but is it enough? Medical bills and property damage costs are at an all-time high. Medical bills can be especially steep. If you don’t have enough liability coverage in your auto insurance, you’re simply responsible for paying the overage. When you have umbrella insurance, there is liability insurance added to your auto policy.

How It Works

When someone has an accident with your vehicle or in your home, your auto or home insurance will pay for the resulting costs, but only up to its stated maximum. After that, your umbrella insurance steps in and takes care of the rest up to its own, very high maximum. This can save you from paying thousands for bills that result from an accident. 

Umbrella Insurance Policies

If you want to know more about umbrella insurance, give us a call at Atlas Insurance Agency in Southeast Michigan.