Anytime you get behind the wheel, there are risks of potential accidents or injuries. If you’re a driver in Wayzata, MN, obtaining umbrella insurance that supplements your existing auto insurance policy is highly recommended. If you’re located near Wayzata, Pizano Insurance can help you determine which auto insurance policies are right for you and whether it’s time to consider adding an umbrella policy to your coverage.
How Umbrella Insurance Works with Auto Insurance
Umbrella insurance provides additional liability coverage that goes beyond the limits of your existing auto insurance policy. If you’re involved in a serious accident and the damages or injuries exceed your auto policy limits, an umbrella policy can help cover the remaining costs. Umbrella insurance can also help cover legal fees that drive expenses higher than expected.
What’s Required to Add Umbrella Insurance
Most insurers require the following to add umbrella insurance:
- Minimum liability limits on your existing auto policy (often $250,000/$500,000 or higher)
- Bundling your auto insurance with other policies, such as home or renters insurance, with the same carrier
- Maintaining consistent coverage while the umbrella policy is active
What Umbrella Insurance Covers
When paired with auto insurance, umbrella coverage can help pay for:
- Additional property damage
- Serious bodily injury claims
- Legal defense costs
- Lawsuits involving multiple injured parties
Umbrella policies typically start at $1 million in coverage and can be increased based on your specific needs.
Understanding the benefits of umbrella insurance is essential for drivers everywhere. If you’re located in Wayzata, MN, Pizano Insurance can help you navigate your auto insurance options and determine whether an umbrella policy is right for you. Contact us today for a consultation and to obtain a quote tailored to your needs.
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