Umbrella insurance is one of the lesser knowns and understood types of insurance available on the market today. However, just because it is not very known or understood does not mean that it is not a good insurance that should be considered. There are many reasons to consider getting umbrella insurance but if you are not sure if it is right for you, consider these circumstances from Oliver Insurance, serving Canby, OR.
- Your home policy does not cover the full value of your home. If you have a home that exceeds the value of what traditional home insurance will cover, umbrella insurance can cover the remaining amount so you do not have a gap in coverage.
- Your auto policy does not provide coverage for the full value of your vehicle. Just like with your home, an umbrella insurance policy can also cover anything over a standard policy for your vehicle.
- You tend to host a lot of parties at your house. You should want to have extra liability coverage if you like to host parties at your home on a frequent basis. You never know when something will go wrong and someone may try to sue you for it. Having that extra coverage from an umbrella policy can make all the difference in this type of situation.
If one or more of these reasons is something that you or your family relate to, then it is probably a good time to consider getting umbrella insurance. If you are interested in learning more about your options, be sure to reach out to us here at Oliver Insurance, serving Canby OR, today. We can help you explore all of your options and will even get you a quote for a policy that meets your needs and stays within your budget.
