Umbrella insurance is important for protecting your assets. All it takes is one big accident that can exhaust your liability limits, causing you to pay any additional expense out of your own pocket. An umbrella policy can help protect you from exactly that scenario. Like all insurance, an umbrella policy transfers risk from the insured to the insurer. Umbrella coverage goes over underlying policies, giving an extra layer of protection. These underlying policies will respond first to any liability claims, with the umbrella policy responding when the limits of the underlying policies are exhausted. Umbrella coverage can also cover up gaps in liability coverage from underlying policies, responding as primary coverage for exposures not covered by underlying policies.

Umbrella policies are also very affordable, especially when compared to the amount of coverage they provide. Many policies are less than a dollar a day for a million dollar limit. These policies do typically have requirements for limits of the underlying policies, such as a $250,000/$500,000 Bodily Injury liability on an auto policy for a million dollar umbrella policy.

Our independent insurance agency in Stillwater, OK can help you evaluate the benefits of policy. We can evaluate the policies from different carriers and make sure you get the coverage you need for the best price.