Umbrella insurance is extra liability insurance. It is designed to help protect you from major
claims and lawsuits and as a result it helps protect your assets and your future. It provides
additional liability coverage above the limits of your homeowners, auto, and boat insurance
policies.
There are two types of umbrella insurance policies:
An umbrella insurance policy provides an additional layer of security to those who are at
risk for being sued for damages to other people's property or injuries caused to others in
an accident. It also protects against libel, vandalism, slander and invasion of privacy.
An umbrella insurance policy is very helpful when the insurance owner is sued and the
dollar limit of the original policy has been exhausted. The added coverage provided by
liability insurance is most useful to individuals who own a lot of assets or very expensive
assets and are at significant risk for being sued.
The premium for an umbrella insurance policy may be less expensive if the policy is purchased from the same
insurer that provided the original auto, home or watercraft insurance. Depending on the provider, the policyholder
who wants to add umbrella insurance policy is required to have a base insurance coverage.
To see how our umbrella insurance policies can help you feel secure, please contact us for a free quote. Koch Insurance agencies are located throughout South Dakota, with office locations in Tea, Tyndall, Tabor, Springfield, and Yankton. We'll provide you with all the information you need to make an informed decision on your safety.