Category: Umbrella Insurance

Umbrella insurance is a type of policy that offers extra coverage over and above your existing homeowner’s or other liability insurance. It is designed to protect you from catastrophic financial losses in the event of an accident, injury, property damage, or lawsuit. When deciding how much umbrella insurance coverage you need in Southeast Michigan from Atlas Insurance Agency, it’s important to consider the value of your assets and any potential liabilities. 

How much umbrella insurance do I need?

For example, if you own a home worth $300,000 and have $200,000 in savings, you would need at least $500,000 in umbrella insurance coverage to protect those assets. If you have multiple vehicles or recreational toys like boats or jet skis that are covered by separate policies, then you would need an even larger amount of umbrella insurance coverage. Additionally, consider if there is anyone else who could potentially be held liable for any actions – such as family members living in your home – and factor them into the equation when determining how much umbrella insurance coverage is right for you. 

Ultimately, the amount of umbrella insurance coverage needed will depend on each person’s unique situation. A good way to start researching how much umbrella insurance you should get is to talk to an experienced independent agent who can provide highly personalized advice and help create a tailored plan for your needs.

Atlas Insurance Agency Is Here To Help!

If you have any additional questions about how much umbrella insurance you need or have any questions about any other type of insurance policy, give us at Atlas Insurance Agency a call today. We are proud to serve the Southeast Michigan area, and would be happy to help you find a policy that suits your needs and your budget.

People that live in the Southeast Michigan area will want to know that they have the right insurance. This should always include having coverage that can help to reduce their risk of personal liability insurance. One type of plan that can help with this is umbrella insurance coverage.

There are various reasons why someone here will need to have this type and form of insurance:

Reduce Your Risk of Having Claims Exceed Other Policies

Most people have liability coverage in their home or auto insurance plan. In most cases that would qualify for coverage, this is sufficient coverage. However, there is always the potential for a claim that can exceed these policy limits. If you are insured the right way with umbrella coverage, you will have protection that extends beyond your base policies to help ensure you are covered. 

Have Broad Personal Liability Coverage

You should also have an umbrella plan to ensure you have more coverage against unexpected accidents and risks. There are various liability risks that are difficult to insure against with home or auto insurance plans. However, if you are insured with an umbrella plan, it offers broad coverage and protection. This will provide you with support against a wide range of risks and ensure you are prepared for the unexpected. 

Get Umbrella Insurance Today

If you are going to live in the Southeast Michigan area, it will be very important that you have the right insurance in place, which should include umbrella coverage. If you want to get this type of insurance, it would be a good idea to call our team at Atlas Insurance Agency. We at Atlas Insurance Agency can provide the support necessary to understand your options and build an ideal insurance policy. 

Umbrella coverage is not a standalone insurance policy. Instead, it acts as additional insurance to cover when your regular business insurance stops! Though most people think about needing umbrella insurance when you have expensive jewelry or artwork, you may want to consider getting some for your business. 

Here are some reasons why you should have umbrella insurance for your business. 

Your business could easily go bankrupt if you get sued. There are many businesses that deal with situations that put them in jeopardy regularly, such as lawyers, doctors, and other businesses. 

If you have a business that is dangerous, you are going to need to have extra insurance. Whether you are dealing with hazardous materials or your employees are in danger daily, you should have the extra protection that you need. 

You may work with other businesses that require you to have extra insurance. They may want to protect themselves before they go into business with you. 

If your employees drive, you are going to want the extra liability insurance, just in case. You need to protect your employees, their vehicles, and yours if your employees spend time on the road. 

You may even want to get umbrella insurance if you have customers come into your business. It doesn’t take much to go through your regular business policy. One fall could cost you thousands of dollars. If you don’t have extra money lying around, you should think about getting umbrella insurance. 

Atlas Insurance Agency in Southeast Michigan is here to serve you.

If you want to make sure that your business is protected, you need to contact us today at Atlas Insurance Agency in Southeast Michigan. We would be glad to talk to you about your business to make sure that you have enough insurance to keep your doors open! 

A unique kind of insurance, umbrella insurance helps you to have more liability coverage for other policies. It’s a great way to have better protection against a wide range of accidents. If you’re interested in umbrella insurance, give us a call at Atlas Insurance Agency in Southeast Michigan.

Protection for Home Liability

If you own a home, you likely have a home insurance policy. That policy includes coverage for your liability in your home. If a third party were to come into your home and have an accident there, you could be held responsible for the medical bills. Your home insurance policy has coverage for your liability in these cases, but it’s usually a fairly low amount. With umbrella insurance, you get extra liability protection that is added to the amount in your home insurance policy.

Protection for Automotive Liability

Umbrella insurance works with your auto insurance just as it does with your home insurance. You are legally required in Michigan to have liability coverage in your auto insurance, but is it enough? Medical bills and property damage costs are at an all-time high. Medical bills can be especially steep. If you don’t have enough liability coverage in your auto insurance, you’re simply responsible for paying the overage. When you have umbrella insurance, there is liability insurance added to your auto policy.

How It Works

When someone has an accident with your vehicle or in your home, your auto or home insurance will pay for the resulting costs, but only up to its stated maximum. After that, your umbrella insurance steps in and takes care of the rest up to its own, very high maximum. This can save you from paying thousands for bills that result from an accident. 

Umbrella Insurance Policies

If you want to know more about umbrella insurance, give us a call at Atlas Insurance Agency in Southeast Michigan.