Do you have a dog? What about stairs in your home? Do you have a yard with a pool and/or a swing set for nice summer days? Do you drive a car of any kind? OH!!! What about a 4 wheeler? If you said yes to any of these questions you should definitely have an Umbrella. Not the kind of umbrella that protects you from rain or sun. Not that kind. You need Umbrella Insurance.
What is
Umbrella Insurance? To put it simply, it’s an insurance gap filler. It covers
claims that your auto, home, or renters policies may not. Things like your dog
biting someone, someone falling down your stairs at home, a guest hurting
themselves in your pool, a guest falling off the swings in your backyard, injuries
to someone in a car accident that you’re faulted for or someone hurting
themselves while 4 wheeling on your land.
You know our
commercials where Professor Burke says, “We know a thing or two because we’ve
seen a thing or two”? Stay tuned for the next blog about a client, a guest on
their property and a run in with an ATV. Let’s just say it’s a good thing there
was an Umbrella in place. More on that to come in another blog.
Why would
you need an Umbrella? If you have ever worried if the liability limits on your policies would be enough to cover a larger claim that exceeds your policy limits, then you need an umbrella policy. What Umbrella Insurance does is extends the limits of your liability
coverage.
Another
reason for having Umbrella coverage in place is if your occupation frequently puts you out
in the public eye, if you like to throw parties and have gatherings
at your home, or if you have a vacation home.
The cost is
typically pretty reasonable. As we all know, prices will vary but typically it
ranges from about $200 to $600 a year. Yes, a year not a month. Not too shabby.
For more
information, please feel free to give us a call. You can also check out Umbrella Insurance for a bit more information as well.
