Umbrella insurance is supplemental insurance designed to cover anything that a primary insurance policy doesn’t cover or that exceeds a primary insurance policy. It’s not designed to function as a primary policy, although it does in some situations. For the most part, primary insurance covers most situations.
However, there are situations when a primary insurance policy isn’t enough to cover an incident or accident. Our team at The Morrow Insurance Agency understands that umbrella insurance can be extremely beneficial in situations where a primary insurance policy has been maxed out. We’re committed to helping our Mesa, AZ residents understand how umbrella insurance works.
What is Umbrella Insurance?
Umbrella insurance is supplemental insurance designed to cover anything that a primary insurance policy doesn’t cover or that exceeds a primary insurance policy. It’s not designed to function as a primary insurance policy, but can and will if a primary insurance policy doesn’t offer coverage in a certain area.
Can I Use Umbrella Insurance as Primary Insurance?
Typically, umbrella insurance only works in combination with primary insurance policies. In fact, many umbrella insurance companies require that primary insurance is in place before an umbrella insurance policy can be purchased. However, although umbrella insurance isn’t designed to be purchased as a primary insurance policy, it can act as a primary policy. It acts as a primary policy when a primary policy doesn’t provide coverage in a particular area.
Can I Use Umbrella Insurance as Primary Insurance?
Typically, umbrella insurance only works in combination with primary insurance policies. In fact, many umbrella insurance companies require that primary insurance is in place before an umbrella insurance policy can be purchased. However, although umbrella insurance isn’t designed to be purchased as a primary insurance policy, it can act as a primary policy. It acts as a primary policy when a primary policy doesn’t provide coverage in a particular area.
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Umbrella insurance is designed to work in tandem with a primary insurance policy. It should be looked at as extended insurance once you’ve exceeded the limits of a primary policy, or don’t have a particular type of coverage under a primary policy. Umbrella insurance also pays legal costs in a lawsuit as well.
If you think you might benefit from umbrella insurance or have concerns about the existing limits of your primary insurance, call us at The Morrow Insurance Agency in Mesa, AZ. We’d be happy to help.
