Umbrella insurance from Stalwart Insurance is an extra layer of coverage that can provide additional protection for you in the case of an accident. But does umbrella insurance replace other policies? The answer is no; umbrella insurance does not replace other policies. Instead, it supplements existing policies that have already been purchased here in the Pittsburgh, PA area.
Umbrella insurance helps protect you from liability claims and lawsuits from accidents or incidents. It offers expanded coverage beyond the limits of your regular policy and can provide extra protection for your assets. For instance, if you are involved in a severe car accident, your auto policy may only cover up to $100,000 in damages. However, with umbrella insurance, you could be covered up to an additional $1 million.
Umbrella insurance can also provide financial protection in cases of libel, slander, and other forms of personal liability. It is essential to understand that umbrella insurance does not cover losses under your other policies’ limits. It only pays out when the cap on those policies is exceeded.
Ultimately, umbrella insurance provides peace of mind by helping protect your finances from unexpected events that other policies may not cover. Although it doesn’t replace existing policies, umbrella insurance can give you an extra layer of financial protection when you need it most.
For more information, give us a call at Stalwart Insurance today. We are proud to serve the Pittsburgh, PA area and would be happy to help you find a policy that meets your needs and budget.