With the purchase of a motorcycle undoubtedly comes the buying of Motorcycle Insurance. The purchase of your Motorcycle Insurance policy should give you peace of mind, knowing your asset is protected should an accident occur. However, is your standard Motorcycle Insurance policy enough? Millions of Americans may find their Liability Insurance coverage falls short, and at the worst time possible. A vehicular accident is always a bad day, but with an Umbrella Insurance policy adding extra liability coverage, the bad day can be a little brighter.
What is Umbrella Insurance?
Umbrella Insurance is a specialized liability policy that offers additional coverage to policyholders whose standard contracts may fall short if an accident occurs. The extra liability coverage Umbrella Insurance provides can help soften the blow if an accident’s costs surpass the owner’s original Motorcycle Insurance policy. Umbrella Insurance earns its name by offering additional coverage to the majority of insurance policies, and in doing so, proves itself beneficial to nearly every insurance owner.
Be sure to always refer to a trusted insurance provider about all matters concerning your policies and coverages. The professionals at Feldbruegge Insurance, located in Abbotsford, Wisconsin, can walk you through the ins and outs of your policy.
Why Should I Buy an Umbrella Insurance Policy?
Not all accidents are created equal; maybe you and your motorcycle are in a small fender-bender. There are a couple of scratches, maybe a dent or two, but nothing too severe. However, on the opposite side, the other person’s situation is far more traumatic, broken bones, extensive damage, and the makings of a hefty Liability Insurance claim. Your standard Motorcycle Insurance policy may not be able to carry the load when it comes time to file your claim.
Umbrella Insurance policies can enhance your standard motorcycle policy by adding a safety net. If your accidental liability costs exceed your original policy. Umbrella Insurance will be there to help pick up the pieces. For example, if you were in a motorcycle accident, and the liability damages you owed were $50,000, you would be in trouble if your standard policy only covered $35,000. However, if you carried an Umbrella Insurance policy that covered an additional $20,000 in liability damages, then your outlook on those costs would be considerably different. Having an Umbrella Insurance policy can also help with your other policies. Umbrella Insurance policies are often very affordable. The national average policy price is between $150 to $300 per year and buys up to $1 Million in liability coverage.
These Liability Insurance products are often coupled with Umbrella Policies are:
- Auto Insurance
- ATV Insurance
- Boat Insurance
- RV Insurance
- Home Insurance
Final Thoughts
Taking your motorcycle out on the road without insurance is risky. Luckily, Motorcycle Insurance offers you protection, and if that insurance falls short, Umbrella Insurance can help pick up the pieces. Umbrella Insurance provides additional liability coverage for policyholders when their standard policy payouts are exceeded. Talking with an experienced insurance agent, like those at Feldbruegge Insurance in Abbotsford, Wisconsin, can help you understand your policy.
How To Learn More
To learn more about Umbrella Insurance and how it can help cover your motorcycle, contact Feldbruegge Insurance, at (715)-223-6566. Our licensed professionals will be happy to answer any questions you have.
