Sometimes your current homeowner’s or auto policy isn’t enough to protect you from liability. That’s when you need an umbrella policy from Oliver Insurance in Canby, OR. An umbrella policy provides extra liability coverage above, and beyond your current policy, so you can sleep soundly knowing you’re covered.
Here are three reasons you should consider an umbrella policy:
Extra Protection in the Event of a Lawsuit
If you’re sued for damages exceeding your current policy’s limits, an umbrella policy can help cover the costs. For example, if you’re liable for a car accident that caused severe injuries, an umbrella policy could help cover the cost of the victim’s medical bills, lost wages, and more.
Expanded Coverage for Certain Types of Incidents
Umbrella policies can also provide coverage for specific incidents that your current policy may not cover. For example, an umbrella policy could help cover the cost of your legal defense if you’re accused of libel or slander. You may pay these costs out of pocket without an umbrella policy. They could force you to sell your assets to pay the bill if you don’t have the money to cover these costs.
Protection From Unusual Risks
Some risks, like owning a swimming pool or trampoline, are more likely to lead to a lawsuit. If you have one of these risk factors, an umbrella policy can help protect you.
These benefits provide peace of mind in knowing that you and your assets are protected.
If you’re interested in getting an umbrella policy, call Oliver Insurance today for a free quote. We’ll be happy to help you find the coverage you need to protect yourself and your family.
