Umbrella insurance is aptly named because it can cover various properties. Instead of having separate insurance policies for your home, automobile, watercraft, and so forth, you can have them covered by just one umbrella insurance policy. You can even include liability under umbrella insurance. It sounds simple, but there must be limits. So, just how much property can you fit under your umbrella insurance?

What It Won’t Cover

There are some things that umbrella insurance doesn’t cover. Damage to yourself or personal belongings will have to be covered under other policies. Third-party contracts are not included. And, of course, if you’re at fault for any damage, you’re responsible. If you commit any criminal acts, you’re on your own.

What It Will Cover

To determine how much property can be covered under umbrella insurance, you need to assess the value of your properties. Have your car, house, and other properties appraised. Add up the values. This will give you an estimate of how large a policy you will need to cover everything. Remember that if your income increases, your assets may also increase. Consult your insurance agent to see which policy best suits you and your assets.

Contact Asheville Insurance Center in Asheville, NC

If you’re looking for a helpful and knowledgeable agent to discuss umbrella insurance with, we at Asheville Insurance Center would be happy to help. If you live in the Asheville, NC area, contact us soon, and we will help you decide what kind of insurance would best suit your unique needs.