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You can never have too much liability coverage, but unfortunately, many people have too little. It’s common for individuals to lack sufficient liability coverage, which can lead to significant financial burdens later. If you already have both home and auto insurance policies, there’s a third policy you should consider to enhance your liability coverage: an umbrella policy. This type of insurance provides an extra layer of financial protection. To get started with an umbrella policy, contact us at The Sirover Agency LLC in Wayne, PA.
Why You Need More Liability Coverage
If your liability coverage is limited, umbrella insurance is crucial for maintaining your financial protection. It provides an additional layer of coverage to two existing policies: home and auto insurance. Umbrella insurance increases your coverage for both policies simultaneously, and it does so at a lower cost than adding coverage directly to each policy. This makes it a budget-friendly option that comes with a high maximum payout.
How Umbrella Insurance Works
Umbrella insurance works by covering expenses that exceed the limits of your other policies. First, your auto or home insurance policy pays for damages or expenses up to its maximum payout. If the costs of an accident exceed this amount, you’re left with additional bills to pay. Umbrella insurance steps in to cover those remaining expenses, providing valuable protection against high medical bills and other costs. It’s a smart way to safeguard your finances.
Get Umbrella Insurance in Wayne Today
If you don’t have umbrella insurance, we’re here to help. To learn more about this type of coverage, contact us today at The Sirover Agency LLC in Wayne, PA.
