Understanding insurance products and how they work is imperative to making good insurance choices. At Wichalonis Insurance Agency, serving Cumming, GA, and the surrounding areas, we are here to help educate you on these critical topics so that you can make solid insurance choices. Keep reading to find answers in the umbrella insurance FAQ. 

What Is Umbrella Insurance?

Umbrella insurance is a unique insurance product. This type of policy can be added to your existing policies to provide an "umbrella" of coverage. This type of coverage kicks in to pay for any expenses you may still owe after the original policy has been exhausted. If you do not have umbrella coverage, the difference in these two amounts would have to come out of your pocket. This could pose a financial challenge. 

Who Needs Umbrella Insurance?

Anyone can use this type of insurance product, but it is most beneficial for those who have a significant number of assets that they would like to protect. If you experience a large-scale claim event that exhausts your policies, your assets could be put at risk. 

Umbrella insurance is also a good idea for any individual at a significant liability risk due to their hobbies, occupation, or other reasons. 

What Policies Can Umbrella Insurance Be Added To?

An umbrella policy can be added to any existing policy. This can include auto, health, life, commercial, and others. 

If you would like to learn more about umbrella insurance or any other services, don’t hesitate to contact us at Wichalonis Insurance Agency, serving Cumming, GA, and the surrounding areas. We will be happy to answer your questions and help you find the right insurance products for your needs.