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2345 W Ryan Rd, Suite H
Oak Creek, WI 53154

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Frequently asked questions about umbrella insurance

Umbrella insurance works differently from other types of insurance. What exactly is umbrella insurance? Bronson Insurance Services in Oak Creek, WI is happy to help you navigate this vital coverage. Here are some commonly asked questions about umbrella insurance and our answers to those questions:

What should I look for in an umbrella policy?

There are a few things you should look for in a policy. The first thing to look for is how much your umbrella policy covers. It is necessary to make sure you have enough coverage in your umbrella policy.

Before getting umbrella insurance, you must look at your home and auto insurance policies. For some people, their auto and home insurance are enough. If that is the case for you, then it might be pointless to get umbrella insurance.

What are the pros and cons of an umbrella policy?

Some pros of an umbrella policy include lots of coverage and protection from legal and financial liabilities. Some of the cons of umbrella insurance include difficulty in knowing how much coverage is needed and increased costs that might not be beneficial.

What affects an umbrella insurance policy premium?

Some factors that affect your home and auto insurance can also affect your umbrella insurance premium. These include your location, the type of car you drive, what features you have in your home, and the history of your claims.

Does an umbrella policy cover a lawsuit?

An umbrella policy covers legal fees related to the claim, such as your defense fees, court costs, and judgment costs. Umbrella insurance covers bodily injury, property damage, slander, defamation, and libel.

Reach Out To Us

If you need more information about umbrella insurance, contact us at Bronson Insurance Services in Oak Creek, WI.

Why You Need Umbrella Insurance

Umbrella insurance is a unique type of coverage that adds to the coverage that you have in other policies. When you have auto and home insurance, it’s possible that you don’t have enough coverage in case of a serious accident. That’s where umbrella insurance steps in and gives you the coverage you need. If you want umbrella insurance, call us at Bronson Insurance Services in Oak Creek, WI to find out more. 

Umbrella Insurance: What You Need To Know

Your Home and Auto Policies

Having home and auto insurance policies keeps you protected in many ways, but they often don’t give you as much liability protection as you need. When serious accidents happen, you can expect extremely high medical bills to become due, and your home or auto insurance may not be able to pay them all. When this happens, you will have an overage that you are responsible for paying. That’s why getting umbrella insurance is so important. It gives you more liability protection for both of those policies so that you are far better protected. 

How It Works

When you have an umbrella policy on top of your home and auto policies, the umbrella policy adds extra liability coverage so that any overages can be paid. The home or auto policy comes in first after an accident has happened. The policy will then pay for the medical bills and other costs up until the policy reaches its maximum. Then, the umbrella policy steps in and pays the rest so that the overage is covered. Umbrella policies have extremely high maximums, so it’s unlikely for any bills to be left after an umbrella policy has been paid. 

Get Your Umbrella Policy

When you want better protection against liability, it’s important to have an umbrella policy. To find out more about them, call us at Bronson Insurance Services in Oak Creek, WI.

Can Umbrella Insurance Be Used in the Place of Personal Injury Protection Insurance?

Bronson Insurance Services reminds you, if you live in Oak Creek, WI, you may be searching for insurance that will cover you for those things you don’t expect. Sure, your normal insurance covers the basics, but what about those little things you don’t think about like someone falling on your lawn or your commercial space? What do you do if you have someone complain that they were injured as a result of your negligence?

Gap insurance (sometimes called umbrella insurance) steps in where your normal insurance policies leave off. It can address auto insurance gaps, as well as other gaps in coverage areas that could cost you out-of-pocket money or legal expenses. 

What does it cover?

Umbrella insurance is insurance that can cover the following areas:

  • Liability insurance for homeowners, auto, and other policies like watercraft, RV insurance, and sometimes, commercial or business insurance
  • Injury to others or property damage that occurs as a result of mistakes or negligence by the policyholder
  • Covers family members, as well as the policyholder
  • Serves as gap insurance for the gaps in other policies that don’t cover you completely

Umbrella Insurance vs. PIP Insurance

Some people carry PIP (personal injury protection) insurance to cover events that are not covered with their normal auto policy. The problem is that PIP insurance only covers your damages and injuries in case your normal insurance is not enough. It does not cover your liability to others. And this is often far more expensive. 

In Oak Creek, WI, you can contact the friendly professionals at Bronson Insurance Services for more information on umbrella insurance. Don’t wait until something happens and you have to pay out-of-pocket for an incident that is ruled your fault. Act now and put your fears to rest. 

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