When you already have home and auto insurance policies, you have some protection against a number of risks. However, you might not have as much coverage as it takes to pay for certain accidents. It’s helpful to get umbrella insurance in addition to those policies. Umbrella insurance is unique, and it doesn’t work like most other types of policies. When you want umbrella insurance, call us at O’Donnell Agency LLC in New Jersey.
Add to Your Other Policies
Your home and auto policies have several different types of coverage within each policy. One of these is liability coverage. The problem is that home and auto policies often have too little in the way of liability coverage. This can mean that after an accident in your home or with your vehicle, your liability coverage may not be enough to pay for the medical bills and other expenses that are due. That’s why umbrella insurance is increasingly popular. Umbrella insurance adds more liability coverage to both your auto and home policies so that you have better coverage for serious accidents.
Paying for Accidents
When there is an accident that happens with your vehicle or on your property, there will be medical bills and other expenses due. First, your home or auto policy steps in to pay for those expenses. If the maximum payout on the policy isn’t enough to pay for the liability costs, there will be an overage that’s up to you to pay. When you have an umbrella policy, it will come in and pay for that overage. This saves you from having to pay it yourself.
Get Umbrella Coverage
When you have umbrella insurance, you have a policy that will pay the overage that you owe to save you what could be an enormous amount. To get umbrella insurance, call us at O’Donnell Agency LLC in New Jersey.