Many people have both home and auto insurance policies. Each of those policies comes with a number of different kinds of coverage. One of those is your liability coverage.

When an accident happens, your liability coverage is what pays for the medical bills and other costs that are due that you are responsible for. Home and auto policies come with this protection, but often not enough of it. When there is an overage after these policies have paid out, you are responsible for paying it. However, that’s not the case when you have umbrella insurance. To get yourself this coverage, reach out to us at Craig Insurance Group in Raleigh, NC.

Here is how umbrella insurance provides liability coverage:

Paying for Accidents

When an accident happens and someone is injured, and the accident is your fault, you are generally responsible for paying for the costs associated with it, including the medical bills that can be so expensive. If you don’t have much liability coverage in your home and auto policies, a bad accident can often eat through all of the payment from the insurance company and leave more for you to pay. To combat this, many people get umbrella insurance. It covers you by giving you more liability coverage so that you won’t have to pay those overages.

After an accident has happened and someone is injured, your home or auto policy will come in and take the claim. They will then pay up until they reach the limit of your policy. If you have an umbrella policy, anything that is left over after that is paid for by the umbrella insurance. This can save you many thousands on medical bills and other expenses.