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.