Umbrella Insurance…Why should I have it?

Umbrella InsHave you ever heard about an Umbrella Insurance Policy and thought, I have no idea why I would need that?

Here are a few things to know about Umbrella Insurance:

  • A lot of coverage costs you very little.   $1 million in coverage can run as little as $250 to $400 annually.
  • An umbrella policy pays for legal fees and settlements above your regular insurance limits.  Without it, your wages and assets may be at stake.
  • Liability risks are everywhere.  Have a teen driver?  Host a lot of parties?  Got a pool, hot tub, or boat?  Employ a nanny or housecleaner?  You have risk factors.
  • You’re insuring against the worst-case scenario, so an umbrella is most useful for protecting your net worth.

Questions about Umbrella Insurance?  Contact Long’s Insurance Agency and we can help you determine what insurance policies are right for you!  Now servicing Greeley, Boulder, Longmont, Denver just to name a few.  Call us today!

Source:  Money