Who Needs Umbrella Insurance?

Umbrella Insurance Murrieta, CA

Umbrella insurance can provide benefits to all types of people.

Umbrella insurance policies start at $1 million in coverage, which is why many people skip out on this coverage. Even if you don’t think you have $1 million worth of assets to cover, there are still many benefits of investing in a personal umbrella insurance policy. Many people can benefit from a personal umbrella policy, including:

  • Those who drive a lot – the more you are on the road, the higher your chances are of getting into an accident, and consequently getting sued for the damages and injuries you cause.
  • Small business owners – owning a business comes with tons of risk. An umbrella insurance policy can help to mitigate those risks by giving additional coverage that goes beyond the protection provided by your commercial insurance policies.
  • Those who are wealthy – the more assets you have to protect, the more coverage you need. Take a look at your physical assets, as well as your financial portfolio to see if you can benefit from an umbrella insurance coverage.
  • Dog owners – even if your furry friend is typically very well behaved, they can bite someone when they feel threatened or cornered. If your dog is excluded from your home insurance policy due to its breed, an umbrella policy can help provide the coverage that you need in case anything goes wrong.
  • Parents of teen drivers – teens are some of the riskiest drivers on the road since they do not have much experience. If they are involved in an accident, your umbrella policy will pick up the costs if the accident leads to a lawsuit to ensure you stay financially stable.

Contact the insurance professionals at CorMarc Insurance Services in Murrieta, California for all of your umbrella insurance needs. We will work with you to make sure you have the protection you deserve, all at the right price to fit your budget.