How does umbrella insurance provide coverage?

Umbrella insurance offers liability coverage that comes into effect when the coverage limits of your existing auto, home, or other insurance policies have been exhausted. Bear River Mutual provides umbrella policy limits of $1,000,000 and $2,000,000.

Here’s how umbrella insurance works: Let’s say you are involved in an automobile accident and are sued for $1,000,000 in damages. If your auto policy has a liability limit of $500,000, your umbrella policy would then come into play to cover the remaining $500,000.

Umbrella insurance acts as an additional layer of protection, filling the gap between the limits of your primary policies and the total amount of damages or claims you may face. It provides coverage for various liability situations, such as bodily injury, property damage, defamation, and more.

By having an umbrella policy in place, you can have peace of mind knowing that you have extra coverage to help safeguard your assets and protect you from potentially significant financial burdens resulting from lawsuits or serious claims.

To learn more about how umbrella insurance can work for you and to explore the coverage options available, reach out to your Bear River Mutual agent. They will provide you with the necessary information and help you understand how umbrella insurance can provide an added layer of security for your specific insurance needs.

Leave a Reply