At Alpine Ridge Insurance, we recommend umbrella insurance to all our clients who are homeowners, business owners, to anyone with assets that need protection. There are several reasons why your auto or home policy may need this additional protection.
Claims happen… sometimes your liability owed is over the limit of your home or auto policy. This is where an umbrella policy comes in.
This refers to any property you own that can be sold and used to pay off a debt. Assets include the following:
When you are drafting your umbrella policy, you need to consider the value of your current property and assets. Your umbrella insurance policy should cover at least that much. Also, you want to ensure that any future income is protected, so multiply your current income by 20 years and include it in the total. It is a wise idea to have more instead of opting for less when building an umbrella policy.
If you live in or around Auburn, WA, contact our agents at Alpine Ridge Insurance today for more information about umbrella insurance policies. We look forward to working with you soon.
