Umbrella Insurance

Have you heard the saying, "Change is the only constant"? It's so common because it's true-especially when it comes to insurance. Luckily, a Washington umbrella insurance policy can help you prepare for the unknown.

What Is Umbrella Insurance?

Umbrella insurance covers anything that isn't fully covered by your other insurance policies. If you're found liable for $100,000 in damages and your policy only covers $50,000, your Summit Insurance Group umbrella insurance policy will kick in and pay for the rest of the damages.

If you don't have umbrella insurance, the remainder of what you owe will be taken from current assets and future wages.

How Does It Work

Although umbrella insurance can supplement other types of policies, it can't actually replace them. Your Washington umbrella insurance provider will require you to satisfy certain requirements to purchase an umbrella policy. These requirements include having a suitable auto insurance policy.

Since your umbrella insurance is a supplementary policy, your other insurance policies will shoulder most of the burden. If an accident can be fully covered by the liability coverage on your auto insurance policy, your umbrella insurance policy won't come into play.

When you purchase umbrella insurance, your single policy will cover family members who reside in your home. This means that incidents that don't involve you will still be covered by umbrella insurance when necessary.

Umbrella insurance may not always take up the slack, so it's important to check with your insurer to make sure their umbrella insurance policies cover accidents involving ATVs or boats if you have these types of vehicles. For the most part, umbrella insurance policies are designed to cover what auto and home insurance policies can't.

Do you want to learn more about umbrella insurance or get a free quote? Reach out to a Summit Insurance Group agent or give us a call for a quote today.