When you already have a homeowners’ policy and an auto insurance policy, there is a way to increase your liability coverage for both. An umbrella insurance policy can help you to do this. If you are interested in an umbrella policy, contact us at Choice One Insurance Inc. in Portland, OR to talk with an agent about the policy you need.
A typical home insurance policy has several parts that each cover different things. One of these parts is a liability for accidents and other incidents that happen to a third party while on your property. This may be inside the home or on the grounds. The coverage for this liability is often quite low, and it may not be enough to pay for the medical bills that come due after an accident. That’s where umbrella insurance comes in. After the home insurance policy has paid out to its maximum, the umbrella insurance policy kicks in. It then pays the overage up to its own maximum, and the maximum of umbrella insurance is much higher than with home insurance.
When you have auto insurance, it comes with little liability insurance, just as your home insurance does. But like home insurance, this policy often has very little liability coverage. An umbrella policy also supplements this coverage. It just takes one umbrella policy to supplement the liability coverage of both your auto and home insurance policies.
Talk to an Agent
If you are interested in an umbrella insurance policy to add to your liability coverage for both your home and vehicle, call us at Choice One Insurance Inc. in Portland, OR to talk with an agent.