5234 HWY 51 N
Senatobia, MS 38668 Get Direction
Umbrella insurance is an excess of an insurance policy that covers costs that surpass the coverage of another insurance policy. When a Tennessee or Mississippi vehicle owner purchases liability insurance as the primary policy for their motor vehicle, coverage is limited to the policy’s limit. If you exhaust the limit on your liability insurance, umbrella insurance will cover the extra costs. This means that you won’t have to meet the costs out of your pocket personally.
The answer is yes, and this is the reason, the policy protects your assets if the primary insurance policy is beyond limits. This means, once liability insurance runs out, the aggrieved party can sue you to have your property attached to cover the extra costs of damages and injuries incurred from the accident. Also, you can be sued due to injuries that occur under circumstances that you are responsible for. This is why we recommend that you obtain the insurance on top of other types of coverage, such as auto insurance and homeowner's insurance.
You do not have to purchase the insurance from the same insurance company that sold you your car insurance or homeowner’s insurance. You can get the insurance policy from another company, such as Storey Insurance in Senatobia, MS, who will provide you with the policy after assessing your circumstances.
Our team has worked for many years selling umbrella insurance policies. Give Storey Insurance a call and let us craft a policy custom-made for you. You do not need to lose your personal assets to cater for costs incurred after an accident. Contact our office in Senatobia, MS to get a quote. We are ready to help those in Tennessee and Mississippi with their umbrella insurance needs.