On a cloudy day, you take your umbrella with you just in case it rains. Umbrella insurance works similarly. You have it just in case. In San Jose, CA, Bayshield Insurance agents want you to understand umbrella insurance, so you’ll be covered when it rains.
What is Umbrella Insurance?
So, you have liability insurance, then why do you need more coverage? Liability insurance has its limits. Getting umbrella coverage is supplemental and begins where your liability coverage ends. For example, if your liability limit is $100,000 and you accidentally crash into a motorcyclist. Your liability will take care of repairing or replacing the motorcycle. It will also cover bodily injury costs, such as medical bills and lost wages. If those damages totaled to $250,000, then you’d be responsible for $150,000 out-of-pocket. If you had umbrella insurance, then it would cover the rest after your liability limits were reached.
Who Should have Umbrella Insurance?
Umbrella insurance is personal liability protection. Anyone can purchase umbrella insurance, but those who have more assets are usually the ones with the coverage. In addition to people who own property are those who have a higher risk of being sued.
- Coaches of little league sports
- Those who have small children
- Anyone who owns a swimming pool
- People who have dogs
- If you’re an athlete that can injure another person
- People who own firearms
Who’s Covered Under Umbrella Insurance?
You, your family members, and your pets are covered. Certain breeds may not be covered, so find out from your local insurance representative.
You can stop by the San Jose, CA office of Bayshield Insurance. They have independent insurance agents ready to help you with your umbrella insurance policy. They can also get you started with home, life, or auto policies as well.