Umbrella insurance is often misunderstood as it is rarely discussed. Though this type of insurance is relatively unknown, it serves an important purpose.
Even if you know about umbrella insurance, you probably aren’t certain as to whether it expires. Our insurance professionals, serving Boca Raton, FL are here to help you make sense of the insurance puzzle.
How Long Does Umbrella Insurance Last?
Most umbrella insurance policies last a full year. However, the length of such policies has the potential to differ by insurance carrier and policyholder.
If you are not completely certain as to whether your umbrella insurance policy will last one year, contact your carrier for more information. Your carrier will also notify you as to whether your policy will renew after a year’s time.
Umbrella Insurance is not Indefinite
The key takeaway is that umbrella insurance policies typically change on a year-to-year basis. The nuances of your umbrella insurance policy today might not be the same the next year and in the ensuing year.
As a result, your umbrella insurance policy is not set in stone. Your insurance carrier can offer to extend renewal or cancel the policy. Be proactive, connect with your insurance carrier to determine if the length is 6 months, a year or another period of time and move forward accordingly.
Keep in mind, it is also possible that some insurance carriers offer seasonal coverage. Such coverage typically lasts six months or even less.
Coastal Premier Insurance Group is at Your Service
Are you considering umbrella insurance? If you live in the greater Boca Raton, FL area, you are within our coverage range. Dial 561-995-9577 to get a personalized quote.