Umbrella Insurance

Insurance policies have limits that help to control your premium costs. In addition, these limits help insurers ensure that they are able to fulfill their financial responsibility and meet the claims needs of their policyholders. But limits leave you with some exposure to financial loss, because any claims that exceed the amount of a policy’s limit must be either paid for out of your pocket or be unrecovered.

 

An umbrella policy can fill the gap that exists between your limits and your potential claims.

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Ready for your free no hassle umbrella insurance quote?​ Call (913)222-4080 email brett@cisperinsurance.com or complete our free quote form now!​

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Umbrella policies extend the coverage limits of many types of liability insurance policies such as home and auto.  It can provide $1 million or more in additional coverage to each of those policies you have.

 

For example, when an auto insurance policy has a $250,000 limit and you injure another person in an accident, the medical expenses and lawsuit could cost much more than that. Having the added protection of an umbrella policy gives you another $1 million or more to put toward those costs. This keeps your savings intact while satisfying the financial obligations you have.

 

Umbrella insurance can also provide protection for situations that would be excluded by other policies, such as when you are accused of slander or libel. Umbrella insurance isn’t just for personal coverage; it can also be purchased by a business in order to extend the reach of its various liability policies.

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Things to consider and questions to ask your agent:
 

• What happens if my policy limits do not satisfy the financial damages caused?

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• Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?

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• What discounts are available? 

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• What's the process for filing and settling a claim? 

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