{"id":102,"date":"2024-05-29T04:00:00","date_gmt":"2024-05-29T10:00:00","guid":{"rendered":"https:\/\/www.hastingsagency.com\/blog\/?p=102"},"modified":"2024-05-29T09:31:03","modified_gmt":"2024-05-29T15:31:03","slug":"can-i-just-buy-an-umbrella-insurance-policy","status":"publish","type":"post","link":"https:\/\/www.hastingsagency.com\/blog\/can-i-just-buy-an-umbrella-insurance-policy\/","title":{"rendered":"Can I Just Buy an Umbrella Insurance Policy?"},"content":{"rendered":"<p>At Hastings Insurance Agency LLC, we often tell our Tomball, TX&nbsp;customers&nbsp;about umbrella insurance, a secondary type&nbsp;of insurance&nbsp;that increases their liability coverage with a $1 million policy. Learning that, we get the follow-up question,&nbsp;&quot;Can I just buy an umbrella policy?&quot;<\/p>\n<h2><strong>Purchasing an Umbrella Policy&nbsp;<\/strong><\/h2>\n<p>No, the policyholder must own a primary policy that contains a liability component before purchasing an umbrella policy. Any insurance policy that&nbsp;includes&nbsp;a liability component qualifies so that you can use any of the following as your primary policy:&nbsp;<\/p>\n<ul>\n<li>Home&nbsp;<\/li>\n<li>Auto&nbsp;<\/li>\n<li>Boat and other watercraft&nbsp;<\/li>\n<li>Business\/Commercial&nbsp;<\/li>\n<li>Commercial auto&nbsp;<\/li>\n<li>RV\/motorhome.&nbsp;<\/li>\n<\/ul>\n<p>If the insurance policy contains a liability component, it can function as the primary policy.<\/p>\n<h2><strong>How Umbrella Coverage Works<\/strong><\/h2>\n<p>Because it offers secondary coverage, it pays out second if you have an accident for which&nbsp;you&rsquo;re&nbsp;at&nbsp;fault or someone incurs an injury at your home or on your boat. Regardless of what triggers the liability, your primary coverage pays out first, and&nbsp;the umbrella policy only kicks in if the settlement exceeds the policy maximum of the primary policy.<\/p>\n<p>Here&#8217;s an example.&nbsp;Let&rsquo;s&nbsp;say a policyholder owns auto coverage with a liability component of $50,000 and a million-dollar umbrella policy. If they cause an accident in Tomball,&nbsp;TX&nbsp;that injures five people, the auto policy pays out first. In our example, the hospital bills for the injured total $125,000. Their settlement comes from the primary auto policy&nbsp;first, providing the first $50,000. The other $75,000 comes from the&nbsp;policyholder&rsquo;s&nbsp;umbrella coverage.&nbsp;<\/p>\n<h2><strong>Contact Us to Add Umbrella Coverage Today&nbsp;<\/strong><\/h2>\n<p>Contact Hastings Insurance Agency LLC to add umbrella insurance to your insurance package. Let us help you protect your financial security.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Hastings Insurance Agency LLC, we often tell our Tomball, TX&nbsp;customers&nbsp;about umbrella insurance, a secondary type&nbsp;of insurance&nbsp;that increases their liability coverage with a $1 million policy. Learning that, we get the follow-up question,&nbsp;&quot;Can I just buy an umbrella policy?&quot; Purchasing an Umbrella Policy&nbsp; No, the policyholder must own a primary policy that contains a liability [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[15,13],"class_list":["post-102","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-hastings-insurance-agency-llc","tag-tomball-tx"],"_links":{"self":[{"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/posts\/102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/comments?post=102"}],"version-history":[{"count":1,"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/posts\/102\/revisions"}],"predecessor-version":[{"id":103,"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/posts\/102\/revisions\/103"}],"wp:attachment":[{"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/media?parent=102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/categories?post=102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hastingsagency.com\/blog\/wp-json\/wp\/v2\/tags?post=102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}