Why Do I Need Umbrella Insurance When I Already Have Homeowner’s Insurance?

If you already have homeowner’s insurance in Southeast Michigan, you may wonder whether you also need an umbrella policy. It might seem like an unnecessary expense, but before deciding, speak with one of our agents at Atlas Insurance Agency to understand why umbrella insurance can be beneficial in more ways than one.

What is Umbrella Insurance?

Umbrella insurance acts as an additional layer of protection for your financial health. Think of it like an umbrella that provides extra coverage when your raincoat isn’t enough during inclement weather. Similarly, when your standard homeowner’s policy reaches its limits and you are responsible for additional costs, an umbrella policy steps in to provide coverage up to its limits.

Why Should I Have Umbrella Insurance in Southeast Michigan?

Unexpected events can happen at any time, potentially resulting in damage or injuries that lead to lawsuits. For example, incidents such as someone being bitten by your dog while visiting your property or injuries sustained by others in a multi-vehicle accident you caused can increase your liability risk.

Other scenarios include a visitor to your home having an accident, you causing an accident while boating, owning rental property, or visitors accessing the swimming pool on your property. All of these situations can expose you to significant financial liability.

Contact Us

When you contact Atlas Insurance Agency, you can rely on us for accurate information, personalized attention to your specific needs, and prompt, courteous service. Regardless of your assets, let our team explain the pros and cons of not having added protection through an umbrella policy.