Umbrella Insurance In Nevada
You may already have home and auto insurance policies. If you do, you may benefit from also having an umbrella policy. Umbrella insurance only works when you already have both of those other policies. It adds to the coverage that those policies give you so that you have better protection against risks. If you live in Nevada and have both of these policies, you can call us at Infrastructure Management Systems LLC.
Your Home and Auto Policies
When you have these policies, you benefit from liability coverage from both of them. This liability coverage protects you in case of an accident in which someone is injured and has medical bills. Whether the accident occurs in your home or is caused by your vehicle, the liability coverage will pay for those medical bills. However, these policies have a strict cap on how much they can payout. And often, this isn't enough to pay for the bills that result from a severe accident. Getting Umbrella insurance adds to the amount of liability coverage you have with each of them.
How It Works
First, there is an accident that results in injuries. The resulting medical bills are for your auto or home policy to pay for. However, since they have relatively low caps for these payouts, there may be a lot left over after the payout that you would be expected to pay. But when you have umbrella insurance, that policy kicks in next to pay what is leftover. Umbrella policies have very large payout caps, and you are unlikely to own anything at all once the policy pays for the overage.
Get Your Umbrella Insurance Policy
If you want the peace of mind that comes from having more liability coverage, you may need an umbrella policy. To find out more about insurance in Nevada, contact us at Infrastructure Management Systems LLC.
