Know What’s Covered Before You Buy

If you are searching for extra insurance coverage in Ohio, you may want to consider a personal umbrella policy (PUP) also known as an excess liability policy. Standard liability insurance policies such as homeowners and auto insurance provide valuable protection, but there is still a chance that you can become financially liable for a sum more substantial than what your policies can cover. Sometimes, there is a gap in your underlying policy where you may be lacking coverage; that’s where an umbrella insurance policy comes in. Umbrella insurance exceeds the limitations offered by your underlying insurance policy.

Extended Coverage

Umbrella insurance offers you more coverage. It will protect you by ensuring that you have enough liability to cover all the costs that you could face if an incident were to happen. Think of it as a blanket policy that adds extra protection to your standard insurance policies, such as your auto insurance or homeowner’s insurance policy. If you reach the limits of the liability provided by these policies, your umbrella insurance policy will kick in and provide the extra coverage needed beyond the liability and provide further protection that your original insurance policy might not cover.

How Does Umbrella Insurance Work?

Umbrella insurance protects your assets if you are held responsible for property damage or bodily injury due to an incident. This type of policy can also help to cover legal fees, false arrest, libel, and slander. Umbrella insurance is a blanket policy that adds another layer of coverage on top of your underlying policies, such as your auto insurance or homeowner’s insurance policy. If you reach the limits of the liability provided by these policies, your umbrella insurance policy kicks in and provides the extra coverage needed. 

When Should I Take Out Umbrella Insurance?

Taking out personal umbrella insurance can be useful as you get older, your family grows, and at any time if you gain or acquire new assets. If you have young drivers in your household who need extra insurance coverage, or if you have valuable belongings that you have either bought or inherited, taking out more insurance coverage is a smart investment. 

If you’re looking for extended insurance coverage in Lewisburg, Ohio, Indiana, or the surrounding Tri-County area, you need to know that most importantly, umbrella insurance provides coverage when an underlying policy has reached its limits. Again, an umbrella insurance policy is more flexible than traditional insurance coverage, so you can get extended coverage beyond what your current policy allows. Additionally, it can be applied to several insurance policies and cover claims that aren’t included in your underlying policy. 

Get Coverage Now  

Talk to your local independent insurance agent at Taylor & Associates Insurance Agency in Lewisburg, Ohio. We’ll help you decide which coverage is right for you based on your situation. Remember, there is a difference between having the right coverage and just being insured.