{"id":168,"date":"2024-05-27T04:00:00","date_gmt":"2024-05-27T10:00:00","guid":{"rendered":"https:\/\/www.agencyadvantageins.com\/blog\/?p=168"},"modified":"2024-05-20T12:20:34","modified_gmt":"2024-05-20T18:20:34","slug":"can-i-just-buy-an-umbrella-policy","status":"publish","type":"post","link":"https:\/\/www.agencyadvantageins.com\/blog\/can-i-just-buy-an-umbrella-policy\/","title":{"rendered":"Can I Just Buy an Umbrella Policy?"},"content":{"rendered":"<p>Umbrella policies offer a&nbsp;huge&nbsp;amount of&nbsp;liability coverage for a small monthly premium. When&nbsp;a person or business needs liability coverage as a top priority, they might want to buy only umbrella insurance from Agency Advantage Insurance. It&nbsp;doesn&#8217;t work that way, though. Umbrella&nbsp;coverage, a type of secondary insurance, requires ownership of a primary policy first.&nbsp;<\/p>\n<h2><strong>What Qualifies as a Primary Policy?<\/strong><\/h2>\n<p>A policyholder must own an insurance policy that includes a liability component, such as an auto policy or homeowners insurance for their West Bloomfield, MI, home. These&nbsp;insurance policies qualify as primary policies. Other&nbsp;examples of primary policies include:<\/p>\n<ul>\n<li>Boat and other watercraft insurance<\/li>\n<li>Classic car insurance<\/li>\n<li>Business liability insurance.<\/li>\n<\/ul>\n<p>Once you&#8217;ve purchased a primary policy, an agent at Agency Advantage Insurance can help you add a secondary umbrella insurance policy.&nbsp;<\/p>\n<h2><strong>How Does Umbrella Coverage Work?<\/strong><\/h2>\n<p>When an event triggers your primary policy&#8217;s liability coverage, our agency pays valid claims using it first.&nbsp;If&nbsp;the claims deplete your primary policy&#8217;s liability maximum, the umbrella policy assumes the remainder of the&nbsp;payments up to its policy maximum.&nbsp;Buying&nbsp;an umbrella policy&nbsp;usually&nbsp;provides enough liability protection for most individuals. West&nbsp;Bloomfield, MI, businesses may need larger policy maximums,&nbsp;but&nbsp;the typical umbrella policy&nbsp;offers&nbsp;1 million dollars of coverage for just a few dollars per month in premiums.<\/p>\n<h2><strong>Contact Us Today<\/strong><\/h2>\n<p>Protect your financial security with umbrella coverage. No, we can&#8217;t sell you only an umbrella policy. We&nbsp;can help you properly insure your personal or business finances. Call&nbsp;Agency Advantage Insurance today to create your insurance package.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Umbrella policies offer a&nbsp;huge&nbsp;amount of&nbsp;liability coverage for a small monthly premium. When&nbsp;a person or business needs liability coverage as a top priority, they might want to buy only umbrella insurance from Agency Advantage Insurance. It&nbsp;doesn&#8217;t work that way, though. Umbrella&nbsp;coverage, a type of secondary insurance, requires ownership of a primary policy first.&nbsp; What Qualifies as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6,5],"class_list":["post-168","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-agency-advantage-insurance","tag-west-bloomfield-mi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/posts\/168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/comments?post=168"}],"version-history":[{"count":1,"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/posts\/168\/revisions"}],"predecessor-version":[{"id":169,"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/posts\/168\/revisions\/169"}],"wp:attachment":[{"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/media?parent=168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/categories?post=168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.agencyadvantageins.com\/blog\/wp-json\/wp\/v2\/tags?post=168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}