FREQUENTLY ASKED QUESTIONS ABOUT UMBRELLA INSURANCE
What is umbrella insurance and how does it work?
Umbrella insurance expands on your current home and auto liability coverage. However, you must exhaust your underlying personal lines coverage before your umbrella policy kicks in.
If it becomes apparent that your claim may exceed your underlying policy limits, your adjuster will help you review your umbrella coverage.
Typically, personal umbrella policies start at $1 million and go up from there. Talk to your independent insurance agent to determine what’s right for your unique needs.
What kinds of umbrella insurance policies are there?
Generally speaking, there are two types of umbrella policies: personal umbrella insurance and business umbrella insurance.
Most personal umbrella policies specifically exclude coverage for business activity, even if your home is your primary place of business. On the other hand, commercial umbrella insurance helps protect against risks associated with business endeavors.
If you’re ready to protect yourself with an umbrella policy, the Selective team is here to help with umbrella insurance coverage to suit your needs. Contact your local agent to find out what it means to Be Uniquely Insured™.