Home Insurance Umbrella Policy

It will cover the amount above the limit set in your auto insurance policy up to the limit you choose for your umbrella policy.

Home insurance umbrella policy. Who needs umbrella coverage. Progressive s personal umbrella insurance isn t just for the wealthy. The insurance information institute estimates a 1 million umbrella policy costs between 150 and 400 per year. Umbrella insurance also typically extends to other members of your household such as your spouse children and other relatives who live in your home and who do not have auto or property insurance in their own name.

For example a home insurance policy provides the primary liability for a loss once the amount of money in the homeowner personal liability is exhausted or maxed out then the umbrella insurance kicks in. An umbrella liability policy covers a much higher limit and goes above and beyond claims directly relating to your home and auto. Ask about discounts. Isn t that the peace of mind you want.

However your insurance only covers up to 500 000 in damages which is often the highest amount of liability insurance available for standard home and auto insurance. An umbrella insurance policy can help cover your resulting expenses in situations like this up to your policy s limit. Get a free umbrella insurance quote by calling 866 272 5192. Your umbrella policy will cover the remaining 500 000 you re responsible for.

An umbrella insurance policy is a type of personal liability coverage that goes above and beyond the amount that regular home or vehicle insurance offers. Your umbrella insurance policy will. In other words you can t have the bare minimum of liability limits on an underlying policy home or auto and expect to purchase additional umbrella coverage. Umbrella insurance may also be referred to as excess liability insurance.

In addition to bunded discounts insurers often offer discounts for drivers over 50 safe drivers and people with good credit.