These are policies that offer you more protection. Once you’ve exhausted your limits within your auto policy and/or home, this type of policy will kick in and give you an extra 1 Million+ in coverage. They come in personal use and in commercial (business) use. A C.L.U.P. is a Commercial Liability Umbrella, so it will take over once your General Liability limits have been utilized, so if you have a big loss and your coverage isn’t enough then you’ll have additional protection with this type of policy. These commercial policies have much higher limits available then on a personal umbrella policy.
A P.L.U.P. or Umbrella is for your personal policies. It works the same way, however, you won’t see as many options for coverages. They are typically set at 1 or 2 Million in limits.
Why choose this type of policy? You know it covers you when you run out of coverage but do you understand how easy it is to run out of coverage? We are located in Missouri so our weather is forever changing. We have icy roads, snow, high winds, etc. All of these elements can cause us to get into a more severe accident. If we don’t realize there’s black ice present not only can we hit one car but we can hit two or even run into someone’s mailbox, a sign or a light. The state limit for property damage is just $25,000…ask yourself is that even enough coverage if you damage one car? The next limits are $50,000 then $100,000 and again can you exhaust $100,000 in coverage? You bet you can and insurance is there to protect your assets. All that you’ve worked so hard for. Let us help educate you with a good conversation to see if it right for you and we’ll gladly help shop rates for you. You’d be surprised at how affordable it can be, it’s a lot less than you might imagine.