Would an Umbrella Insurance Policy Be Right for You?

There are many different types of insurance you can purchase, and one of those is an umbrella insurance policy. It is intended to offer additional coverage on top of your existing auto or home policy.

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Who would benefit from such a policy? It helps if a lawsuit is brought against you that exceeds the limits of your current insurance policy, or is not covered under your existing one. Also, it provides extra coverage for any legal defense costs that can add up quickly. In essence, it helps you fill in the gaps in your insurance coverage so that you are prepared for as many situations as possible.

Not everyone needs additional coverage. Who are best candidates for an umbrella insurance policy? People who own multiple properties, those who travel often or internationally for business and pleasure, as well as those people who own a wide variety of recreational vehicles, such as hang gliders, snow mobiles, and motor bikes, would benefit.

You need to purchase your umbrella insurance policy from the business who sold you your auto or home owner’s policy. Typically, umbrella policies are sold in increments of $1 million dollars. Once you have used the amount of your primary policy, your umbrella insurance policy will come into play.

There are many advantages to buying an umbrella insurance policy. To find out if one is right for you, contact Schumacher Insurance. Their friendly and experienced professionals will help you find the best policy for your lifestyle and peace of mind.


About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on April 24, 2015, in Agency, Uncategorized and tagged , , . Bookmark the permalink. Leave a comment.

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