Understanding Umbrella Insurance: What You Need to Know

Umbrella insurance is a unique type of policy that works in conjunction with other policies you already have. It’s a type of insurance that many homeowners and vehicle owners get to protect themselves financially. If you own a home and vehicles and have insurance on them, you might want to consider an umbrella policy to enhance your coverage. Contact us at Nest Insurance Agency in Amarillo, TX to learn more and get started.

Enhancing Home and Auto Insurance

When you already have home and auto insurance, you have substantial protection for your home and vehicles. However, you may not have enough. The liability coverage in both of these policies may not be sufficient. For many people, paying for an expensive accident isn’t enough coverage. That’s where umbrella insurance comes in. It adds a substantial liability coverage layer to your home and auto policies. These policies have very high maximum payouts and don’t cost as much as you’d pay to increase liability coverage on both policies directly.

How Umbrella Insurance Works

When there is an expensive accident, either in your car or home, your auto or home insurance will cover as much as possible. With the high cost of medical bills, the costs of an accident can be exorbitant. When your home or auto insurance reaches its maximum payout, it can’t pay more toward the accident bills. That’s when umbrella insurance comes in to pay the rest. With this coverage, you won’t be left with overages to pay after your home or auto insurance has maxed out.

Securing Umbrella Insurance in Amarillo

When you want more coverage for your home and vehicles, consider umbrella insurance. Contact us at Nest Insurance Agency in Amarillo, TX to learn more.