How Does Umbrella Insurance Work?

Your home is important to you. That is why you protect it with homeowner’s insurance. The same holds true with your vehicle. When you are considering insurance, talk with the agents at Shaner Insurance Group, Inc. Through serving residents in the Tucson, AZ area, they understand the needs that residents have. During that discussion, they may ask you to consider the additional coverage of an umbrella policy. This additional coverage is often not fully understood by consumers. 

Umbrella insurance provides additional liability coverage beyond your homeowners and auto policies. They are designed to kick in and provide the extra protection of your assets at a time when you need it most. When an accident occurs for which you are deemed responsible, your insurance policies provide coverage for the damages. If the injured party sues you, it can also provide funds to cover medical and legal expenses. However, there are some events where the medical and court costs exceed the limits of the policy. That is when umbrella insurance provides additional liability coverage. For instance, if you are a parent participating in a carpool or taking children to after-school activities and there is an accident, the medical expenses and legal fees could exceed the coverage provided by your auto insurance.  If your policy covers up to $350,000 but the expenses are $500,000, you will be responsible for the balance. An umbrella pol
icy will cover those additional expenses, in some cases, up to $1 million. Umbrella policies will also cover events not covered by other policies such as slander and libel cases. 

The team at Shaner Insurance Group, Inc. works to ensure that their clients in the Tucson, AZ area have the coverage that they need. Visit them! They work hard to get you the coverage you need.