Umbrella insurance is for residents of Washington who have assets to protect, ( we believe everyone needs an umbrella) beyond what other insurance policies provide such as a homeowners or auto policy. Umbrella insurance is meant to complement other underlying policies, therefore it is important to work closely with an agent who has a firm understanding of your other insurance policies when selecting a policy.
Umbrella insurance is a supplementary policy that can be used for two purposes. It can extend the limits of your current insurance policies, which you may want to do if you have valuable assets. For instance, if your auto insurance has limits that leave you vulnerable to a car-related lawsuit, you can use an umbrella policy to boost those limits and give you more financial protection.
Umbrella insurance policies can also fill in gaps left by other insurance coverage. When used this way, they don’t build on underlying policies’ limits. Instead, the umbrella insurance is used to provide coverage where other policies have exclusions or limitations. It broadens your protection.
When shopping for umbrella insurance, it’s important to understand how each policy will interact with your current insurance coverage. You should sit down with a licensed, independent agent who can review your insurance portfolio and find an umbrella policy that builds on your protections without leaving gaps in your coverage.
At Alpine Ridge Insurance Agency, we’ve helped many residents in Washington review their insurance coverage and select an umbrella policy that provides the additional protection they need.
Contact us for a review of your portfolio and to find out how umbrella insurance could help you protect your assets.