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Umbrella insurance is commonly misunderstood as it doesn’t receive much publicity. Turn on the TV or radio and you’ll be exposed to ads for car insurance, home insurance and life insurance yet you probably won’t hear about umbrella insurance.
Our umbrella insurance professionals at the Franklin Insurance Agency are here to demystify this unique form of insurance for Rio Rancho, NM residents once and for all.
Umbrella Insurance and Spouses: What You Need to Know
Is it possible or even optimal to add a spouse to an umbrella insurance policy? Indeed, it is possible to add a husband or wife to such an insurance policy.
However, in the spirit of honesty it is worth noting most spouses have the potential to be automatically covered if they reside in the same household as the policyholder.
The household extension component of many personal umbrella policies usually extends liability protection to family members who live in the residents. Such protection includes spouses as long as they reside at the same address as the policyholder.
Check the Small Print of Your Policy
Read through your insurance policies and you will find the underlying coverages that are components of the overarching umbrella policy contain important language. Such language has the potential to state the spouse of the policyholder is listed on the policy, meaning they might also be included in the overarching umbrella policy.
The Franklin Insurance Agency is on Your Side
Are you considering umbrella insurance? If so, it is in your interest to ask the experts for guidance. Dial 505-891-8733 to learn more about umbrella insurance in Rio Rancho, NM.