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Tyndall

  • 1617 Main St.
  • P.O. Box 276
  • Tyndall, SD 57066
  • (605) 589-3572

Tabor

  • 108 S. Lidice St.
  • P.O. Box 206
  • Tabor, SD 57063
  • (605) 463-2558

Springfield

  • 807 8th St.
  • P.O. Box 609
  • Springfield, SD 57062
  • (605) 589-3572

Yankton

  • 904 W. 23rd St.
  • Ste. 103
  • Yankton, SD 57078
  • (605) 665-3572

Tea

  • 910 N. Main Ave. Ste. 103
  • P.O. Box 397
  • Tea, SD 57064
  • (605) 213-3572

Umbrella Insurance Policies

Frequently Asked Questions on Umbrella Insurance


How Does Umbrella Insurance Work?

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:

  • A commercial umbrella policy may be based on a commercial general liability (CGL) primary policy.
  • Personal umbrella policies are typically made excess of a person's homeowner's and automobile insurance. Coverage varies by the company, and detatiled comparisons can be constructed showing the differences.

What Is Coverage Like for an Umbrella Insurance Policy?

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.



Get A Umbrella Insurance Quote from Koch Insurance

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.

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