Getting the right coverage as life changes
When it comes to insurance, having the right amount of liability coverage is vital.
Why is liability coverage so important?
Liability coverage is all about helping protect you and your assets in the event of a liability claim. That's why auto, homeowners and even renters policies all include liability coverage. Think about it: You don't have to be a millionaire to be sued like one.
How does auto liability coverage work?
Auto liability insurance helps pay for the other party's vehicle or property repairs, medical bills, lost income and pain and suffering if you're at fault in a car accident. It can also help pay your legal fees if the other party files a lawsuit against you.
How does an umbrella policy work?
A personal umbrella policy (PUP) offers extra liability coverage beyond the limits of your homeowners, auto or renters insurance. After you reach the limits of these policies, umbrella insurance kicks in so you don't have to pay for additional damages out of pocket.
Changes in your life can lead to changes in your coverage needs.
If any of these sound like you, take a moment and review your policy to help make sure you have the coverage you need.
-
Life Changes
Whether you experience small or big changes in your life, reviewing your policy as changes occur or at least yearly can help you keep up.
-
New Business
Starting a new business? From claims to lawsuits, help protect what you've worked hard for.
-
A Recent Move
Moving to a new home is a great time to review your liability coverage to help make sure you have the coverage you need.
-
A New Pet
Getting a new pet could change your liability coverage needs. In addition, a new pet can come with other costs and needs.
-
A New Driver
Is your kid at or nearing the driving age? This could affect the amount of coverage you need.
-
New Rental Property
Becoming a landlord has its pros and cons and can change your protection needs.
Take advantage of discounts with USAA Perks®.
Get discounts on car maintenance, travel, home solutions, online shopping, health and wellness, entertainment and more.
Review your policies and beneficiaries.
From home to health, see where you might need to adjust your insurance coverage.
How to get the right coverage FAQ
Related articles
-
5 tips for better auto insurance
-
5 ways to help lower auto insurance rates
-
Understanding homeowners insurance
Why did my car insurance premium go up?
Learn why your car insurance rates went up. While some factors are unavoidable, there are a few things you can do to keep your car insurance premium down.