When you have assets, it’s crucial to protect them with the right insurance policies. This includes liability coverage that can help safeguard you financially. It’s always advisable to have sufficient liability coverage in case of accidents, and umbrella insurance can help you achieve that. If you need more liability insurance, we’re here to assist. You can contact us at Grove Financial & Associates Inc. in Mechanicsburg, PA, about umbrella insurance.
Complementing Home and Auto Policies
Umbrella insurance is designed to supplement your existing home and auto policies. Each of these policies has its own level of liability coverage. However, people often discover too late that their coverage is insufficient. When this happens, it can mean that they don’t have enough liability coverage in their home or auto policies to pay for all the damages. If this occurs, this creates an overage that you would then have to pay. This is where umbrella insurance comes in, providing additional liability coverage for both of those policies simultaneously.
Covering the Overage
When there is an overage after the home or auto insurance has paid after an accident, the umbrella policy steps in to cover that amount. These policies come with substantial coverage, and they are a cost-effective type of insurance. Getting a policy that covers overages on both of your other policies is less expensive than adding liability coverage to each of these policies directly. It’s a good way to have enough coverage for even very expensive accidents.
Secure Umbrella Insurance in Pennsylvania
When you want to ensure you have sufficient liability coverage, we can help with an umbrella insurance policy. To learn more, contact us at Grove Financial & Associates, Inc. in Mechanicsburg, PA.
