Umbrella insurance in Tennessee

At Carr Insurance Group in Maryville, TN, we take pride in providing insurance policies to meet all your needs, including umbrella insurance. Liability claims in Tennessee can add up quickly. Umbrella insurance is a personal liability policy that protects you beyond the limits of your primary policies.

What is Umbrella Insurance?

Umbrella insurance is for catastrophic claims. All insurance policies have coverage limits. Sometimes the claim exceeds the coverage limit. If you don't have an umbrella policy, you are liable for what your insurance policy doesn't cover. An umbrella policy picks up where your primary policy ends, paying the difference up to its coverage limit. Umbrella coverage ranges from $1 million to $5 million.

Do I Need Umbrella Insurance?

Umbrella insurance is often recommended for those whose assets exceed the coverage limits of their primary policy. However, umbrella insurance isn't just for those who have millions in assets at stake. If a judgment is made against you, your wages can be garnished if you don't have the assets to cover the judgment. This can affect your entire life, regardless of your financial status. The minimum auto coverage limit in Tennessee is $25,00 per person injury coverage, $50,000 total injury coverage, and $15,000 property damage. Accident claims can easily exceed these limits. If you have factors that put you at higher risk, including a pool or dog, you can benefit from an umbrella policy as well.

What Is Required to Get Umbrella Insurance?

You'll need to have a primary auto insurance and home or renter's insurance policy to qualify for umbrella insurance. You may be required to purchase the maximum coverage limits for your primary policies to reduce the risk of the umbrella policy kicking in.

Carr Insurance Group Umbrella Insurance

If you are a Tennessee resident, you should consider purchasing an umbrella policy. At Carr Insurance Group in Maryville, TN, we offer umbrella insurance in addition to primary policies. Contact us today to learn if an umbrella policy is right for you.