How Umbrella Insurance Works

When many people look through your home and auto insurance policies, they find that they have very little liability coverage. When you want more of this overage for those policies, getting umbrella insurance is a great way to do it. If you are interested in umbrella insurance, call us at McCormick Insurance Inc. in Pembroke Pines, FL to talk with an agent about this type of coverage.

Higher Maximum Coverage

If there is an accident in your home or in your insured vehicle, the primary insurance policy on it will pay first. The home or auto policy will pay out up to its maximum. If you don’t have additional liability insurance, that often means that everything over and above the policy’s maximum is up to you to pay yourself. To avoid this kind of financial catastrophe, many people get an umbrella policy to supplement both their auto and home policies. Once the primary policy has maxed, the umbrella policy comes to the rescue, paying up to its maximum, which is far higher than the maximum of the primary policy.

Save Money on Insurance

So, why get an umbrella insurance policy? Why not just increase your liability coverage for your home and auto policies? Because that would be a very expensive prospect. Adding to the coverage of both of these policies may be far more than you’re willing to pay for coverage. Umbrella insurance, however, is known for its affordability. It will have a maximum payout of many times your home and auto policies, and it costs less to get.

Talk to an Agent

To find out more about umbrella insurance policies, contact us at McCormick Insurance Inc. in Pembroke Pines, FL. Make an appointment to talk with an agent about this important coverage and how it can positively affect your financial future.