If your current insurance policy doesn’t provide the amount of coverage you need to feel secure, you might wonder if umbrella insurance is an option to get more mileage out of it. At our office at Coastal Premier Insurance Group in Boca Raton, FL, clients frequently ask how umbrella insurance might be able to extend their home insurance or other insurance policies’ ability to handle worst-case scenarios.
While umbrella insurance can be an excellent solution for increasing a policy’s coverage, it only works with certain policies. The article below shares what types of policies pair with umbrella insurance.
What types of policies can you use with umbrella insurance?
The simple answer is that home insurance, boating or watercraft insurance, and auto insurance all pair with umbrella insurance policies. If you want to add an umbrella insurance policy to any of these ones, you shouldn’t have a problem as long as the policies meet the minimum requirements for limits and other factors.
If you want to add umbrella insurance to a health insurance policy, life insurance policy, condo insurance policy, or other kind of insurance, you won’t be able to do so. Unfortunately, umbrella insurance only works with a handful of types of insurance. Still, umbrella insurance can be great if you want some extra coverage (and the extra peace of mind that comes with it!) for your homeowner’s insurance, boat insurance, or car insurance.
Even if you’ve added umbrella insurance to a policy, you’ll want to review the policy terms to see what it covers specifically. Umbrella insurance policies tend to cover liability if it exceeds the policy limit.
Call Coastal Premier Insurance Group in Boca Raton, FL today to hear about our umbrella insurance policies!