There are many types of insurance. Understanding how each type works can be confusing. This can be said for homeowners and umbrella insurance. Both types of policies protect your significant investment: your home. The question is how they work together. For inquiring minds, our agents at Ottawa Insurance Agency, serving Zeeland, MI, can answer that question and more.
Homeowners Insurance
As the name implies, this insurance is for the home. It covers:
- The structure against risks such as inclement weather, fires, and lightning
- Your personal items, such as clothing, furniture, and electronics
- Other structures, like a detached garage
- Injuries or property damage sustained by others on your property
Umbrella Insurance
Umbrella insurance works as a back-up to your homeowner’s insurance, which is the primary source of coverage. If you have substantial assets, consider an umbrella, as the policy protects your personal assets against liability claims. It can cover the cost of property damage, medical bills, and legal expenses if you are sued.
An umbrella steps in to cover costs once your standard homeowners policy has reached its monetary limits. When this happens, you may still have costs you are responsible for. Your umbrella policy picks up where Your homeowners policy left off, and covers costs until the limit of the umbrella policy is reached.
Without umbrella coverage, you’d be responsible for the additional expenses once your homeowners policy is maxed out.
Contact Us
If you are ready for a new homeowners policy, or you want to add umbrella insurance coverage for your home in Zeeland, MI, call Ottawa Insurance Agency. We’re focused on providing reliable insurance services to the community because all homes matter.
