Everything You Need to Know About
Umbrella Insurance in the Pacific Northwest
Umbrella insurance is a great method to protect yourself from financial responsibility if you are sued. This sort of coverage can help you avoid the costs associated with lawsuits, such as accidents, injuries, and other events that might result in expensive legal fees.
A personal umbrella liability insurance policy offers the additional level of protection you may need to truly feel safe about safeguarding your money and future.
What is Umbrella Insurance and how does it work?
An umbrella policy adds a layer of liability coverage to your homeowner’s policy. If the liability coverage on your house, car or other underlying insurance policy is depleted, your umbrella insurance kicks in and provides extra protection. When compared to the sense of security that comes with knowing you’re covered, the cost isn’t significant at all.
How Much Does Umbrella Insurance Cost?
Atkinson Insurance Group offers Oregon umbrella insurance for a very competitive rate. We work with a number of top carriers to find the best coverage at the lowest price. The Oregon Umbrella policy is an added layer of protection that helps protect assets and future earnings, so it’s worth taking a look! Click here to get started on Oregon umbrella insurance quotes today!
The cost of umbrella insurance depends on a number of factors, including the amount of coverage you need, your age, and whether you have a history of liability claims. However, for most people, umbrella insurance is very affordable, with premiums starting at just a few hundred dollars per year.
If you’re ever in doubt about whether or not you have enough liability coverage, please don’t hesitate to contact Atkinson Insurance Group We would be happy to help you find Oregon umbrella insurance that protects you and your assets! Just give us a call at (503) 649-5679, or go ahead and request Oregon Umbrella Insurance online . We’re here to help 24/7.
Is Umbrella Insurance Worth It?
Your auto, home and other policies have liability limits that may not be enough if you are sued. An umbrella insurance policy provides an extra layer of protection for you and your family.
Umbrella insurance starts when the liability limits on your other policies are exhausted. It also pays claims not covered by your other policies, including those made outside of the United States. And it covers not just you, but your spouse and all family members living in your household.
An umbrella insurance policy is a good idea if you have:
Talk with Atkinson Insurance Group today to determine the right coverage for you. We offer Oregon umbrella insurance and other policy options, and we can also help you find the right auto and home insurance policy as well. Just call (503) 649-5679 to speak with one of our agents today.
Umbrella Insurance Frequently Asked Questions
The short answer is yes.
With Oregon being a no-fault state, Oregon retains the rule of shared fault. This means that if you collide with another car and it is found to be your fault, you will likely have to pay for property damage and injuries from the other driver(s) involved in the accident. Oregon’s minimum auto insurance liability coverage requirements are 25/50/25 which means that your total bodily injury liability for one person injured in a crash would equal at least $25,000. If you cause an accident resulting in death or serious injury to more than one person, Oregon’s minimum requirement is 50/100/50 meaning that your total bodily injury liability for all people hurt would equal at least $50000. In Oregon as well as any other state, it is important to have liability insurance to protect yourself financially in case you are deemed at fault for an accident.
An Oregon umbrella insurance policy can help protect you beyond the Oregon minimum requirements as well as provide additional coverage for incidents that may not be typically covered by your Oregon auto or homeowners policy. For example, if you are involved in a serious car accident that causes significant property damage and injuries, your Oregon umbrella insurance policy would help cover costs that exceed the Oregon minimums.
If you are interested in learning more about Oregon umbrella insurance policies, please contact Atkinson Insurance Group today. We would be happy to answer any of your questions and help you find the right coverage for your needs! Just call (503) 649-5679 to speak with one of our agents.
- What is an umbrella liability policy? (n.d.). Insurance Information Institute, Inc.
- Umbrella Insurance (n.d.). Safeco Insurance
Interested in Umbrella Insurance?
Not sure if Umbrella Insurance is worth the additional cost? Complete the short quote request form below and one of our agents will contact you to help you decide!