Having assets is common. Maybe you own your vehicle, a home, or anything else. When that\u2019s the case, those assets can create liabilities if something goes wrong and you get sued.<\/p>\n
You can consider an umbrella policy to help cover you in such a case. How much umbrella insurance do you need? The answer to that question depends partly on your other insurance policies. Fortunately, Kingston Insurance Agency LLC has a quick guide to help.<\/p>\n
Gauging umbrella insurance makes some sense just by thinking about how it works. After all, umbrella insurance does not function on its own. Instead, it\u2019s designed specifically to supplement liability coverage from your other policies.<\/p>\n
If you get into an auto accident, umbrella insurance only kicks in after the auto policy is exhausted. If you have a liability issue with your home, it\u2019s the same story. The primary insurance works first.<\/p>\n
With this in mind, you can start by looking at the liability coverage in your other policies. Where does it cap, and how much does that leave you vulnerable?<\/p>\n
Naturally, the answer to this question depends on the value of your assets. If you have six figures of coverage and seven figures of assets, you need an umbrella policy to fill those gaps.<\/p>\n
Remember one thing. You do not need multiple umbrella policies. A single umbrella policy will supplement your auto insurance, home insurance, boat insurance, etc. The only time you need an additional umbrella policy is to cover non-personal assets (such as a policy for a business you own).<\/p>\n
If you want the best picture of the right umbrella policy for you and your lifestyle, have an easy conversation with your Kingston Insurance Agency LLC representative. They can help you identify your assets and coverage, and craft a policy from there.<\/p>\n","protected":false},"excerpt":{"rendered":"
Having assets is common. Maybe you own your vehicle, a home, or anything else. When that\u2019s the case, those assets can create liabilities if something goes wrong and you get sued. You can consider an umbrella policy to help cover you in such a case. How much umbrella insurance do you need? The answer to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[13],"class_list":["post-76","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-kingston-insurance-agency-llc"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t