Sentences with phrase «adding higher coverage amounts»

We recommend beginning your baseline estimate at your state's minimum required insurance, then consider adding higher coverage amounts — and possibly additional coverage types — to ensure you have adequate protection.

Not exact matches

Typically, you can obtain $ 1 million in coverage for a couple hundred dollars annually; higher coverage amounts can be even more cost - effective.2 Before adding umbrella insurance, however, you generally must purchase the maximum liability coverage on your homeowners and automobile policies, which serve as a deductible for the umbrella policy.

Policy premium: A higher amount of policy coverage only adds to the cost of premiums paid.

So, on choosing add - on covers, you need to pay higher premium amount as the coverage for the policy is also increased.