There are many types of insurance that most people need, but often those policies don't offer enough coverage for today's high medical costs and lawsuit judgments. If you need more coverage, call us at D & E Insurance Agency in Muskogee, OK to talk to an insurance agent in Oklahoma.
An umbrella policy is a great way to add to your existing liability coverage. If you have a home and vehicle, chances are that you have home and auto insurance policies. These policies are extremely important for your future, but often they offer only small amounts for the liability coverage portion. To increase the liability coverage in both of these policies can be quite expensive. However, there is another way to add to the liability without breaking your budget.
Umbrella insurance policies offer extended liability coverage over and above what you get from your home and auto policies. These policies are relatively inexpensive for the large amount of coverage they offer.
When you have an umbrella insurance policy and there is an accident or other serious incident, your auto or home policy covers it first. They will pay out up to the amount of their maximum coverage. That's where an umbrella policy begins. Once the other policy has reached its maximum, your umbrella policy kicks in with more coverage up to its much-higher maximum. That allows you to pay less, if any, out of pocket after an incident.
If you are covered by home and auto insurance in Oklahoma, it's a smart choice to get an umbrella insurance policy to boost the liability of both of those policies. If you want to boost your liability insurance, give us a call at D & E Insurance Agency in Muskogee, OK. We can help you to decide the best umbrella policy for your specific needs.