Understanding umbrella insurance isn’t easy, but at the very least the name helps conjure the idea that it’s a policy that covers anything and everything. It’s not necessarily a common policy, but it certainly provides some comfort to those who have it. Here are 3 tips to consider if you’re trying to decide if it’s for you.
1. Consider What You Have
The more stuff you have, the more stuff you have to lose. This is the core idea behind umbrella insurance is that it’s meant to save what you own from scenarios that could have never even been imagined at the time the policy was drawn out. Humans can be pretty inventive, but you can only list so many events that are technically covered under a policy (otherwise, there wouldn’t be enough time to write them all out.)
2. Understand the Importance of Caution
Throwing caution to the wind can sometimes be fun, but when it comes to your property, is that really what you want to do? You’ve likely worked extremely hard to build everything you have, and umbrella insurance could be the key to guarding it from whatever it is that could happen to it. Getting a policy like this shows your commitment to what’s important to you.
3. Find Someone Who Knows
Oliver Insurance helps the people of Canby, OR draft umbrella policies to save themselves from financial ruin and emotionally devastating events. Talk to us about what’s most important to you, and we’ll talk to you about how to best protect it. Whether you have several rental properties or just a very special single-family house, give us a call and let us help you work it all out so you can rest easy at night.
