If you have home insurance or auto insurance, you may have considered umbrella insurance. If you are undecided and want to know whether this type of policy is right for you, the professionals at Colling Insurance Services Inc., servicing Lakewood, CO, can help.

We provide clear, helpful information about umbrella insurance so our customers can make informed decisions. As an independent insurance agency, we work with multiple insurance carriers, giving you access to more options. If you choose umbrella insurance through our agency, we will help you select a policy that fits your budget while providing the level of protection you need.

What Is Umbrella Insurance?

Umbrella insurance provides additional liability coverage once the limits of your home insurance or auto insurance policy have been reached. This type of policy is designed to help protect your assets if you are held legally responsible for injuries or property damage.

It is important to note that umbrella insurance only extends liability coverage. It does not increase or replace property coverage for your home or physical damage coverage for your vehicle.

How Do You Get Umbrella Insurance?

To obtain umbrella insurance, start by contacting an insurance agent you trust. Working with an experienced and responsive agent is essential, as umbrella policies must be properly coordinated with your existing home and auto insurance coverage.

Who Is a Good Candidate for Umbrella Insurance?

You may be a good candidate for umbrella insurance if your assets exceed the liability limits of your home or auto insurance policies. If you are sued, umbrella insurance can provide additional financial protection to help safeguard those assets.

You may also benefit from umbrella insurance if you face a higher risk of liability claims. Owning a swimming pool, trampoline, rental property, or hosting frequent guests can increase the likelihood of accidents that may result in lawsuits.

Interested in Umbrella Insurance? Call Today

If you are interested in umbrella insurance, Colling Insurance Services Inc., servicing Lakewood, CO, is here to help. Contact us today to request a quote and learn how an umbrella policy can enhance your overall protection.

Many people in Lakewood, CO, have umbrella insurance to help protect their assets. However, it’s essential to understand how it works and what your policy will cover before an emergency, such as a car accident, occurs. 

Umbrella Insurance Is Secondary Insurance

Umbrella policies don’t immediately kick in to pay for damages. Instead, your auto policy will kick in first. Then, if there isn’t enough coverage, your umbrella policy will usually pay for the rest. For example, if you’re responsible for $90,000 in property damage, but your auto insurance only covers $50,000, your umbrella policy will likely pay for the remaining $40,000 (or up to your policy limit). 

Liability Insurance

These policies are a form of liability insurance. Liability insurance will pay for the other person’s damages or bodily injury if you’re at fault in an accident. It doesn’t pay for your personal property, ilike damages to your car or car seat. Because of that, it’s unlikely to pay for a new car seat after an accident. There are other options, though. 

Options Available

Always check with an agent at Colling Insurance Services Inc. to learn more about your coverage. Your policy may pay for your car seat if the other driver is found to be at fault but doesn’t have enough coverage. Some auto policies will automatically reimburse you for a new car seat, too. It’s best to speak with a professional to see what options you have. 

Here at Colling Insurance Services Inc., we understand the importance of keeping your children safe and following safety guidelines for replacing a car seat after an accident. Our agents will work with you to learn more about your policies. Contact us to speak with a representative. We’re currently serving the Lakewood, CO, area.