Umbrella policies offer a huge amount of liability coverage for a small monthly premium. When a person or business needs liability coverage as a top priority, they might want to buy only umbrella insurance from Agency Advantage Insurance. It doesn’t work that way, though. Umbrella coverage, a type of secondary insurance, requires ownership of a primary policy first. 

What Qualifies as a Primary Policy?

A policyholder must own an insurance policy that includes a liability component, such as an auto policy or homeowners insurance for their West Bloomfield, MI, home. These insurance policies qualify as primary policies. Other examples of primary policies include:

• Boat and other watercraft insurance
• Classic car insurance
• Business liability insurance.

Once you’ve purchased a primary policy, an agent at Agency Advantage Insurance can help you add a secondary umbrella insurance policy. 

How Does Umbrella Coverage Work?

When an event triggers your primary policy’s liability coverage, our agency pays valid claims using it first. If the claims deplete your primary policy’s liability maximum, the umbrella policy assumes the remainder of the payments up to its policy maximum. Buying an umbrella policy usually provides enough liability protection for most individuals. West Bloomfield, MI, businesses may need larger policy maximums, but the typical umbrella policy offers 1 million dollars of coverage for just a few dollars per month in premiums.

Contact Us Today

Protect your financial security with umbrella coverage. No, we can’t sell you only an umbrella policy. We can help you properly insure your personal or business finances. Call Agency Advantage Insurance today to create your insurance package.