INSURANCE BLOG

Umbrella Insurance- Do I really Need it?

Confused as to wether you need Umbrella Insurance Coverage?  Don’t worry,  just follow these simple rules to determine if Umbrella Insurance is right for you.

STEP #1 Add up all of your assets - What is the worth of your home- your money in the bank, stocks, bonds, all other assets, and available funds from a 401(k) or other retirement plan. Get a reliable figure.

STEP #2 See how much liability Insurance coverage you have on your homeowners, auto, and boat insurance policies.

STEP #3 Now just determine if your current liability policies cover your all of your assets.  If they do not then you most likely need umbrella Insurance to cover these assets that are not currently covered.  Now wasn’t   that easy?  Now you know.  For Umbrella Insurance- get a fast, free quote now at InsuranceLower.com

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