Umbrella Insurance

There is nothing like having extra insurance protection. Your efforts to remain careful while doing business, driving, and just enjoying life in Arizona only goes so far. It is when you have exhausted all means of your standard indemnity policies that an umbrella policy comes into play to spare you from financial turmoil. The happy staff at A Sun Country Insurance Agency can help you find the right plan that supplements your lifestyle.

What Is Umbrella Insurance?

Umbrella insurance is a type of liability insurance that protects you when your standard auto or home assurance plans fall short. Those with renter’s insurance also stand to benefit from an umbrella indemnity plan since there are times when the possessions inside of your apartment exceed the financial limits of your plan. The last thing that you want is to be at a complete loss after a pipe bursts because you purchased the cheapest renter’s insurance plan in Arizona and did not think to upgrade the policy before tragedy struck. Such is also true of homeowners as well as auto insurance policies. An umbrella indemnity plan provides an additional cushion so that you can rest assured in the notion of being fully protected.

How Does Umbrella Insurance Work?

Since umbrella insurance is only a supplemental liability assurance option, you can only exercise the benefits of a policy when your standard insurance limits have been exhausted. An umbrella assurance plan will not pay for damages in an auto accident that come to $5,000 if your auto insurance plan pays out a maximum of $30,000 per incident. An umbrella plan will, however, pay for damages that exceed the $30,000 that your auto insurance provider pays.

As with any form of liability insurance, there are policy limits attached to umbrella plans. You have the option of choosing a high policy limit that can cover just about any incident, or you may select a more economical policy that comes with lower monthly payments. You should bear in mind that the cheapest insurance plan may still leave you with a remaining balance that forces you to pay out of pocket in the instance of an accident. It is best, then, to work with a professional when determining the best plan for your lifestyle.

The agents at A Sun Country Insurance Agency can explain the ins and outs of umbrella insurance. Call us today for a quote!