Umbrella insurance offers protection when our liabilities exceed our underlying home, auto, or other insurance policy limits. Typically, umbrella policies cover all members of the policyholder’s household. However, you should be aware that certain exceptions exist and take the time to discuss your situation with your agent. Those in the Clarinda, IA, area who have questions about umbrella insurance should consider contacting the Sump Insurance team to receive answers.
Covering Household Members
Umbrella insurance comes into play when our liabilities from an accident or event surpass our base policy limits. It also protects us in certain legal situations. While we seldom need to access our umbrella coverage, it provides valuable protection if we are at fault for significant injuries or damage.
Umbrella insurance generally covers all household members you identify when obtaining the policy. Like your auto policy, the insurance company will adjust the policy and premiums based on the number of household members, their characteristics, and other policies they may hold.
For example, umbrella policies often do not cover household members with separate auto policies, so adult children or parents with other auto insurance policies generally are not covered for excess auto liability. Similarly, if your son or daughter has a renters’ policy for their college apartment, they will not be covered for certain liabilities.
These examples illustrate the need to discuss your policy details and household members with your agent. Be sure to clarify these points to ensure you have appropriate coverage.
Working With the Sump Insurance Team
Everyone’s insurance needs differ, so review your circumstances with your agent. If you live in the Clarinda, IA, area, let our Sump Insurance team help with all your insurance needs. Stop by the office or call us today at (712) 542-5555.
