Our home, auto, or other insurance policies limit their coverage, so umbrella insurance offers protection when our liabilities exceed those limits. Umbrella policies generally cover everyone in the policyholder’s household, but policyholders should be aware of and discuss certain exceptions with their agents. If you have questions about umbrella insurance and live in or near Flowood, MS, consider contacting our Insurance Protection Specialists team.
Covering Household Members
Umbrella insurance activates when our liabilities surpass our core policy limits and protects us in other situations as well. While we seldom need umbrella coverage, it safeguards against the financial impact of significant injuries or damages.
Generally, your umbrella policy covers each household member you identify. As with auto policies, your insurance company will modify the policy premiums based on the household membership, characteristics, and existing policies.
In addition, you should be aware that your umbrella policy does not cover household members who have their own auto or other policies. For instance, your umbrella insurance won’t cover adult children or parents living in your household with separate auto insurance policies. Likewise, a son or daughter whose renters’ policy covers their college apartment is not covered.
Examples such as these illustrate the need to discuss the policy details and each household member’s situation with your agent to ensure you fully understand which household members have coverage and for what. It is best to clarify these points with your agent before you need the coverage.
Working With Insurance Protection Specialists
Everyone’s situation differs, so you should review your circumstances with your agent. If you live in or near Flowood, MS, stop by the office or call us today at (601) 992-4040. Our Insurance Protection Specialists team hopes to help you with all your insurance needs.
