Is there a limit on the number of assets I list under my umbrella policy in Wayzata, Minnesota?

There are certain circumstances that demand a person to own certain types of insurance products. Anyone seeking to buy a home must have home insurance, drivers must have auto insurance and business owners must seek to have a business policy. One type of product that some people like to have that extends all personal lines liability coverage is an umbrella policy. Here are a few thoughts about an umbrella policy that you will need to know.

How Your Umbrella Policy Works

  • The number of assets that your umbrella policy can cover is only limited to what your needs are. You will need to list all drivers in your household on the policy in order for them to be protected.
  • List your home insurance policy on the umbrella policy to extend your liability coverage. More and more people today are sued because of issues related to their homes. You can be protected more by an umbrella policy in Wayzata, Minnesota.
  • If you own a boat or a motorcycle and have insurance for them, you will want to list them under the umbrella policy.
  • You will also want to list any other policies under the umbrella policy where you have liability coverage. An umbrella policy is closely tied to lawsuits so you will want to protect yourself with the most coverage you can get.

If you live in Wayzata, Minnesota and have questions about what the limit is regarding your umbrella policy, then you need to call your independent agent today. As your agent we can help answer all of your questions about what you need to cover. It’s important that you give us a call so that we can give you specific details for your circumstances to help you make the best decision relating to your insurance needs.