Having enough insurance coverage can be complicated. Sometimes, you don't have as much coverage as you thought you did. You have coverage when you have home and auto insurance policies, but it may not be as much as you need. You may need to have an umbrella insurance policy for your peace of mind. If you are in Arizona, call us today at The Morrow Insurance Agency in Mesa, AZ to find out more about this insurance.
When you have home and auto insurance policies, each comes with some protection against liability. This allows the policy to pay the medical bills and other expenses for injured either in your home or by your vehicle. However, the amount of liability coverage in these policies may not be enough if the injuries prove expensive. An umbrella policy adds to this coverage so that you have better protection. And, adding liability coverage this way costs much less than altering the policies and adding coverage directly to them.
The umbrella works because once an accident with injuries happens, the home or auto policy will step in and pay what they can toward the resulting medical bills. Of course, they can only pay up to their maximum, which may be too little to pay the medical bills. That's when umbrella insurance steps in. After the first policy has maxed out, the umbrella policy comes in and pays the rest. And, umbrella policies have extremely high maximums.
Knowing how vital liability insurance is, you may see why umbrella insurance is valuable. It can keep you from having to pay countless thousands in medical bills after a home or auto policy maxes out. To learn more about coverage in Arizona, give us a call at The Morrow Insurance Agency in Mesa, AZ.
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