Should You Add an Umbrella Policy to Your Home Insurance Policy?

Home Insurance is something most of us know we need, but many do not understand exactly what it covers and for how much. This is why sometimes some insured people are left with less coverage than they expected after something happens. At Insurance & Financial Services Inc. we want to make sure that you have exactly the coverage you expect when it comes to protecting your home and assets.  We serve Baton Rouge, LA and the surrounding areas. 

Do You Need an Umbrella Policy With Your Home Insurance? 

The key thing you should look for in your current policy to tell you if you may need an umbrella policy is your policy limits. If the amount of your policy limits is less than you may lose in the event of a lawsuit, or in medical bills, or in the loss of property itself then you likely want to add umbrella coverage to increase those limits. 

In addition to the need for an increase, if you need more monetary coverage, you may need to add the umbrella if you have an increase of risk. An increase of risk would be if you worked from home and had clients on the insured property, if you are high-profile in the public eye, if you enjoy recreational vehicles, or if you have a pool or trampoline. Discuss your need for additional coverage with one of our insurance agents soon.  Also note that Flood Insurance is not covered under regular home insurance, nor an umbrella, it is a separate policy altogether. 

Contact us at Insurance & Financial Services Inc. to find out how easy it is to add umbrella insurance to your current policy and if you have the need in your life. We serve clients in and around Baton Rouge, LA.