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Umbrella insurance offers protection when our liabilities exceed our underlying home, auto, or other insurance policy limits. Typically, umbrella policies cover all members of the policyholder’s household. However, you should be aware that certain exceptions exist and take the time to discuss your situation with your agent. Those in the Clarinda, IA, area who have questions about umbrella insurance should consider contacting the Sump Insurance team to receive answers.

Covering Household Members

Umbrella insurance comes into play when our liabilities from an accident or event surpass our base policy limits. It also protects us in certain legal situations. While we seldom need to access our umbrella coverage, it provides valuable protection if we are at fault for significant injuries or damage.

Umbrella insurance generally covers all household members you identify when obtaining the policy. Like your auto policy, the insurance company will adjust the policy and premiums based on the number of household members, their characteristics, and other policies they may hold.

For example, umbrella policies often do not cover household members with separate auto policies, so adult children or parents with other auto insurance policies generally are not covered for excess auto liability. Similarly, if your son or daughter has a renters’ policy for their college apartment, they will not be covered for certain liabilities.

These examples illustrate the need to discuss your policy details and household members with your agent. Be sure to clarify these points to ensure you have appropriate coverage.

Working With the Sump Insurance Team

Everyone’s insurance needs differ, so review your circumstances with your agent. If you live in the Clarinda, IA, area, let our Sump Insurance team help with all your insurance needs. Stop by the office or call us today at (712) 542-5555.

Umbrella insurance offers numerous advantages. At Sump Insurance, we are happy to provide Clarinda, IA residents with all of the tools they need to make the right choices. To learn more about the benefits of umbrella insurance and the necessity of obtaining these policies, please take a moment to check out the following guide.

Lawsuit Protection

In this day and age, it is fair to see that people have never been more litigious. You may be under the belief that you will never get nailed with a frivolous lawsuit, but once that day comes? Umbrella insurance is going to be your best friend. These policies provide the necessary protection to ensure you are not left holding the bag for costly lawsuits.

Auto Accident Protection

Auto accidents are all too common, and without umbrella insurance coverage, more of your assets could be at risk than necessary. Let’s say that a significant auto accident takes place, and you are the one who is deemed responsible for it. All the assets you hold dear could be left at risk if you do not have umbrella insurance. The damage may very well exceed the coverage you currently have on hand.

Pet Related Incidents

We all think a lawsuit won’t occur. You never feel a pet would cause injuries or damage to the home. In many instances, the victim will file a lawsuit that could prove quite costly. Since many basic insurance policies do not cover these concerns, umbrella insurance policies become more important in these instances.

Sump Insurance is here to help Clarinda, IA residents who want to learn more about umbrella insurance policies. If you have any additional questions, pick up the phone and give us a call. You are also welcome to stop by and speak with our experienced insurance brokers directly.

Clarifying Umbrella Insurance: Insights from Sump Insurance

Umbrella insurance can prove to be exceptionally beneficial, providing your home, business, or vehicle in Clarinda, IA, with extra liability coverage. This coverage might become indispensable if you ever find yourself facing a lawsuit. Typically, it covers damages, injuries, and specific types of harm like libel. At this point, you may wonder if it can be procured separately or must be appended to another policy.

How to Secure Umbrella Coverage

Umbrella insurance is typically sold as a standalone policy but mandates at least one underlying type of insurance. This could be a home, condo, renters, commercial, or automotive policy. The foundational insurance must offer enough liability coverage to qualify for an umbrella policy, potentially necessitating an upgrade to a basic plan.

Are There Options to Shop Around?

While procuring an umbrella policy, you are not necessarily tied to your existing insurance provider for non-umbrella coverage. You have the flexibility to purchase umbrella insurance from a different carrier. However, certain insurers might require that the primary auto, renters, or home coverage be obtained from them.

When purchasing umbrella insurance, you may even consider switching insurance carriers altogether. Partnering with an independent agency like Sump Insurance can help distinguish whether leveraging the same carrier, embracing a different insurer or combining two varied carriers would be most beneficial.

Choose Sump Insurance for Your Coverage Needs

Based in Clarinda, IA, Sump Insurance has over two decades of robust experience in the insurance sector. We independently provide policies from 10+ reputable carriers. Our clients also enjoy premium local customer service and various coverage options. In addition to umbrella policies, we offer medical, commercial, home, life, crop, and car insurance. For a free quote, do not hesitate to call us at 712-542-5555.

There are many different types of insurance coverage, and a single insurance policy often has several types of coverage in it. One of these types is liability coverage. When you have a home insurance policy and an auto insurance policy, each of these has a set amount of liability coverage. This protects you in case of accidents that you’re liable for. You need plenty of this coverage to protect yourself against lawsuits and huge medical bills.

Getting umbrella insurance is a great way to add more liability onto your home policy as well as your auto policy. To get your policy, call us at Sump Insurance in Clarinda, IA. 

More Liability Coverage

When you have an umbrella policy, it supplements the amount of liability insurance that you already have. If you were to add more of this coverage to your auto and home policies, it could cost you a lot. Many people would be unable to afford to add a lot more liability coverage to both of these policies. However, getting an umbrella policy does this and comes with a small price tag. It gives you an enormous amount of liability coverage for both of your other policies. It’s a great way to be much better protected in case of accidents. 

High Maximum

Without an umbrella policy, you may have to face overages once your home or auto policy has maxed out. When you have an umbrella insurance policy, it pays these overages. The home or auto policy pays out first, and then the umbrella policy comes in to pay anything that’s left over. This can save you many thousands of dollars in overages. 

Get an Umbrella Policy

If you want more liability protection, consider getting an umbrella policy. To get started, call us at Sump Insurance in Clarinda, IA.