While having an auto policy and a home policy provides some coverage in case of an accident, you might not have as much liability coverage as you need. Many home and auto policies don’t offer extensive liability insurance. This could leave you vulnerable without a supplemental policy that can provide additional coverage. That’s precisely what umbrella insurance does. It provides additional liability coverage for both of your other policies simultaneously. If you want to ensure you get as much liability coverage as you need, contact us at Sump Insurance in Clarinda, IA.
Overages
An overage is the amount that remains after an insurance policy has paid its maximum following an accident. When there are more bills left over after the maximum payout has been reached, that’s an overage that you personally owe for your liability. This is often for medical bills or property damage. When this happens, it can be highly expensive. To avoid this, there is umbrella insurance to cover these overages.
How It Works
First, the maximum payout for your home or auto insurance is maxed out after an accident. Then, it becomes clear what is left over that you will still have to pay. When you have umbrella insurance, it steps in at this point to pay those overages for you. This can save you a significant amount of money after a serious accident. Most home and auto policies don’t have enough coverage for a serious accident.
Get Umbrella Insurance In Iowa
When you want coverage in case of overages, umbrella insurance is the perfect solution. To get started with a policy, contact us at Sump Insurance in Clarinda, IA.
