There are many common types of insurance that are needed by large numbers of people. These include auto and home insurance policies. If you have both of these insurance types, there is a way that you could be better covered. Getting umbrella insurance can increase your amount of specific types of coverage. If you want to know more, call us today at Texas Independent Insurance in Allen TX.

How Umbrella Insurance Works

Home and Auto Insurance

When you have both of these types of insurance policies, you have several types of coverage in each policy. One of these is your liability insurance. Not having much liability coverage is highly common, and that can leave you with a big financial problem. If you don’t have enough liability coverage, you could end up owing a lot of money after a serious accident that costs a lot in medical bills. To get more of this coverage for both policies, all you need is umbrella insurance. It costs much less to get umbrella insurance than it would add more coverage directly to both policies.

The Umbrella Insurance Process

When an accident has happened and there are injuries that require medical attention, your auto or home insurance steps in first to pay what it can toward those bills. However, they can only pay up to the policy’s limit. Anything after that is overage that you are responsible for unless you have umbrella insurance. When you have an umbrella policy, it comes in after the home or auto policy and pays what is left over. Umbrella policies have extremely high maximums that are likely to pay anything left over.