Your home and auto require insurance to protect your assets. According to J.D. Power, nearly two-thirds of U.S. homeowners bundle their home and auto insurance with the same insurer to save money. Many people overlook the benefits of buying an umbrella insurance policy that gives them another layer of insurance protection. Here are four benefits of adding umbrella coverage through your provider of home and auto insurance services.

1. Protect Your Finances

Umbrella insurance gets its name from the coverage it provides for homeowners, business owners, and motorists. If a business, home, or auto policy is insufficient to pay for damages or harm suffered by others, the umbrella policy pays the rest up to policy limits. You can get a very high level of coverage that enables you to keep your own money in the bank when standard home and auto insurance services are too little to pay for the harm others suffered.

2. Obtain Broader Protection

An umbrella policy can give you more liability protection than you would get with just a home insurance policy, an auto insurance policy, or a commercial insurance policy. The umbrella policy offers wider insurance protection against liability than a home, auto, or commercial policy might provide on its own. It is designed to ensure broad protection against liability and gives broader protection because existing commercial, home, or auto insurance should pay lesser claims.

3. Get an Affordable Rate

The cost of an umbrella policy is affordable because it only pays after home and auto insurance services have processed claims. You can get a higher level of protection for less money than it would cost to get a similar level of insurance protection through separate commercial, home, or auto insurance policies. Even bundling your home and auto won’t save you as much as you can with a single umbrella policy that covers what the others won’t.

4. Enjoy Peace of Mind

An umbrella insurance policy also gives you peace of mind. The more assets you have, the more you have to lose due to an accident beyond your control. An umbrella policy greatly increases your liability protection, which gives you peace of mind knowing your insurance protection is enough to protect against virtually any liability that might occur.

As you can see, there are many benefits to an umbrella policy. You can learn more about umbrella insurance protection and get a free quote by calling Middle TN Insurance Group, Inc today.