Umbrella insurance enhances the protection you achieve from your existing policies. This type of insurance gives you the additional peace of mind that comes from knowing you, your assets, and your future are all protected. However, you need to make sure that you choose the right insurance policy for your needs.
This where Charles Meyer Insurance Agency can help. We are on hand to help you sort through the insurance providers options available to you so you can find the one that best suits your situation. Get in touch with our team at 314-894-1313 or use the form on this page to request a quote.
Understanding Umbrella Insurance in Missouri
Think of umbrella insurance as an extra safety net. This is the insurance policy that takes up the slack, providing additional coverage when other policies fall short.
Basically, if you have a home insurance policy, an auto insurance policy, or another type of coverage, this may be limited according to the terms of your policy. The umbrella policy effectively takes over when these limits are reached, extending the insurance coverage to protect against unforeseen eventualities.
You may have to pay a little more to cover your policies each month when you select umbrella insurance. However, you will benefit from the peace of mind that comes from knowing everything is being taken care of.
When Umbrella Insurance Is Used
In which circumstances would you claim on your umbrella insurance? How does umbrella insurance offer protection? Read on to discover more about the benefits of this type of insurance policy.
When the Liability Limit Is Reached
Perhaps the most common use of umbrella insurance in Missouri occurs when your other policies hit their liability limit. For example, if your vehicle is damaged but your auto insurance policy does not cover the full amount, the umbrella policy may be able to provide the rest.
When Damages Are Incurred by Third Parties
If you are liable for damages incurred by a third party — for example, an adjoining unit following a fire — the umbrella policy may cover this.
When Unforeseen Events Occur
Umbrella policies may be able to provide coverage where other policies do not — for example, injuries incurred by a visitor to your property.
To discover more about umbrella insurance policies, reach out to our team at 314-894-1313, or use the form here on the website to request a quote for your policy.