Umbrella insurance is not what most people consider. However, it is a very beneficial type of insurance that can offer you the extra protection you need. If you are wondering when you should consider buying this type of insurance, here is a list of possible common scenarios.
When Should You Think Of Buying Umbrella Insurance?
- Your assets are at risk. If you own valuable assets, such as a home, cash, investments, or irreplaceable personal things, umbrella insurance can shield you from potential claims that go beyond your standard coverage limits.
- Engagement in activities with higher liability. If you own a swimming pool, for example, and invite guests, then you will benefit from having umbrella insurance. Playing sports is another high-liability activity, and if you engage in any kind of sport, umbrella insurance is something you may need.
- You own pets. As a dog owner, you should understand that dogs can occasionally cause mishaps that lead to injury or property damage. Umbrella insurance may provide protection in the event of a lawsuit if this occurs.
- Teen drivers. If you let your teenager operate your vehicle, your auto insurance risks may increase. Umbrella insurance may offer additional protection in cases when young and inexperienced drivers are involved in collisions.
Securum LLC Is Here To Help
As you can see, umbrella insurance can be beneficial in multiple situations. Even though it is not a mandatory type of insurance, you should still consider having it as an extra layer of protection. If you live in Bellevue, WA or any other nearby town, we can help you buy umbrella insurance. At Securum LLC, we serve clients in Bellevue, WA and specialize in different types of insurance, including umbrella insurance as well.
