Franklin Insurance Agency

2345 Southern Blvd SE Ste C4,
Rio Rancho, NM 87124, United States

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What Is Umbrella Insurance? Three Things to Know

If you’re shopping for homeowners insurance, boat insurance, or auto insurance, you may be asked if you’d also like to purchase umbrella insurance. Many people don’t even know what umbrella insurance is and aren’t sure if it’s the kind of insurance they need or could benefit from.

We’re happy to answer these questions at Franklin Insurance Agency serving Rio Rancho, NM. Knowing how umbrella insurance can protect you can help you make an informed decision as you’re shopping for the right insurance policy. 

What Is Umbrella Insurance?

Umbrella insurance is a type of insurance policy extending the liability coverage offered under your homeowner’s, auto, or boat insurance. Umbrella insurance can help protect you from financial liability if a third party sustains bodily injury or property damage. Umbrella insurance is a separate policy that works with homeowners’, auto, and boat insurance. 

Should You Get Umbrella Insurance?

Umbrella insurance is a good idea for you if you have substantial wealth or sizable savings and other assets, own a trampoline or a swimming pool, coach kid’s sports, and are a landlord. Your insurance agent can help you decide if umbrella insurance suits you. 

How Can You Get Umbrella Insurance?

You can get an umbrella insurance policy you can trust by contacting Franklin Insurance Agency serving Rio Rancho, NM. Our insurance experts are here to help you get the insurance policy that will most benefit you. Umbrella insurance is complicated, so it’s best to work with an expert who can answer your questions and help you make an informed decision before getting this type of insurance. Call today.