At Colling Insurance Services Inc. of Lakewood, CO, we want you to have the coverage you need to protect your assets. Umbrella insurance does this. This blog explains adding umbrella insurance to a homeowners’ insurance policy, a commercial policy and an auto or recreational vehicle policy.<\/p>\n
An umbrella policy is a secondary insurance policy that you add to an existing policy. You can add an umbrella policy to a homeowners’ insurance policy, a commercial policy, a recreational vehicle policy, and an auto policy.<\/p>\n
It provides excess liability insurance. Most policies only cover a small percentage of the total policy value as to liability insurance. Umbrella insurance provides the coverage you need to pay liability claims. For example, if your neighbor broke their leg at your July 4th barbeque, your homeowners’ insurance liability covers their medical bills. If they experience complications though and must remain hospitalized, you would likely exceed your liability coverage quickly. An umbrella policy kicks in when that liability coverage gets exceeded.<\/p>\n
Do not have to purchase an umbrella policy. It’s optional but helpful. It only covers liability – the times when you were at fault and held legally responsible for another party’s damages. It pays for their medical bills, funeral costs, property damage, and other related expenses. It also covers defamation, slander and your attorney fees.<\/p>\n
The policy coverage usually starts at about $1 million. The cost for that in premiums is quite small though.<\/p>\n
You already have to carry insurance that meets a specific coverage limit before you can add an umbrella policy. It won’t cover your own injuries or your personal property. You also will not be covered for criminal or intentional acts. It does not extend to vehicles not specifically covered by the main and the umbrella policy.<\/p>\n
Call or visit Colling Insurance Services, Inc. of Lakewood, CO to learn more about your umbrella options. Protect your assets today.<\/p>\n","protected":false},"excerpt":{"rendered":"
What Policy Types Can I Add Umbrella Insurance To? At Colling Insurance Services Inc. of Lakewood, CO, we want you to have the coverage you need to protect your assets. Umbrella insurance does this. This blog explains adding umbrella insurance to a homeowners’ insurance policy, a commercial policy and an auto or recreational vehicle policy. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[470,514,516],"class_list":["post-678","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-colling-insurance-services","tag-inc","tag-lakewood-co"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t