Umbrella insurance is a unique category of insurance in that it can protect you and your financial future in a variety of scenarios. This type of insurance typically comes into play after you have exhausted the limits of your other insurance policies. For example, if a fire in your home spreads to your neighbor's house, your homeowners insurance policy will likely only include enough coverage for your own property. To pay for the damages to your neighbor's home, your umbrella policy would kick in. 

Broad Coverage Options 

In general, umbrella insurance policies have high limits, often reaching $1 million or more. In comparison to the amount of coverage you'll receive, the costs for these types of policies are typically fairly low, as you won't need to actually use the policy unless your other policies have already reached their limits. It is a small price to pay to ensure that you and your loved ones are protected in the event of any extreme situations. 

Because you won't tap your umbrella insurance until after you have exhausted your other policies, it is crucial that you have adequate coverage in other areas. This includes your auto insurance, homeowners, or renters insurance, personal property insurance, and any other policies you might have. 

How Umbrella Insurance Differs from Other Insurance Coverage 

There are a few key differences between umbrella insurance and other types of insurance policies. For starters, umbrella insurance covers all members of your household, not just those specifically named on your policy, like with auto insurance. Your umbrella policy will also protect you anywhere in the world, not just in specific jurisdictions. Finally, umbrella insurance can be applied to cover any legal expenses you might incur throughout the process of dealing with other insurance claims in emergency situations. 

Find Out If Umbrella Insurance Is Right for You 

We would be happy to discuss umbrella insurance with you in greater detail to help you decide whether to add this important coverage to your insurance arsenal. The more protection you have in place, the greater peace of mind you and your loved ones will be able to have in all situations. Reach out to our team today to learn more about umbrella insurance. Call 636-229-7000 or request a quote online to get started. 

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