Once you pass your 40th birthday, you might notice that your Bayshield Insurance agent often suggests an umbrella policy for you. San Jose, CA residents may wonder why that happens. Your insurance agent understands how a liability settlement could adversely affect financial security and wants to help you protect yours.

Umbrella Coverage Provides Significant Liability Protection

An umbrella, secondary insurance policy pays out once your primary policy’s liability limit caps. Once you purchase the maximum liability protection on your primary policy, you can add an umbrella policy with one million dollars of coverage for just a few dollars per month in premiums. If you incur liability for any reason, from libeling or slandering someone to a person getting injured on your property, the primary policy pays out first, and then the umbrella takes over.

Why Carry Umbrellas After 40

So, umbrella insurance covers excessive liability costs after your primary policy pays out. Now, here’s why that becomes more important after you reach the age of 40. If you do not carry umbrella coverage and incur an expensive liability settlement in your 20s or 30s, you might need to use your individual retirement account funds to pay the settlement.

Let’s say it happens when you’re 25 and plan to retire at 65. You’ve got 40 years to replace the money used to pay for the settlement. Even if you had to spend $100,000 of savings, paying yourself back at a rate of $48.07 per week on top of your regular contribution, you would rebuild that savings by 65.

Now, consider if it happens when you’re 45. You have 20 years to rebuild the savings for retirement. You would need to contribute $96.15 per week over and above your normal IRA contribution to pay back your retirement funds. Without umbrella insurance, you also lose the interest you would have accrued on the $100K.

With Umbrella Insurance

After age 40, it becomes harder to pay back this money while maintaining regular retirement deposits. With an umbrella policy, the insurance covers the settlement, and your financial security remains intact. You have nothing to pay out or pay back. With an umbrella policy in force, you pay a few dollars per month in premiums for $1 million of liability coverage. That’s enough to cover nearly anything, but if you need a bigger umbrella, we can help you build that policy.

Contact Us Today

Enjoy your life in beautiful San Jose, CA, and enjoy the peace of mind that an umbrella policy can help bring. No matter how you incur liability, your Bayshield Insurance umbrella policy covers it. Call or email us today to get your policy started.

Bundling your insurance with an umbrella insurance policy from Bayshield Insurance can go a long way towards securing your peace of mind when it comes to protecting your assets and investments. If you’re living in San Jose, CA, or Irvine, CA, and need to file a claim, here are a few essential tips to remember as you go through the process in the state of California.

Review Your Policy Details

Understanding the fundamentals of your umbrella insurance policy is essential, particularly regarding coverage limits, conditions, and possible exclusions. The more familiar you are with your policy, the easier it will be to determine what is covered during a time of need. It’s wise also to revisit the underlying insurance policies bundled with your umbrella policy, such as auto or homeowners insurance. Understanding which deductibles you’ll need to meet to use your umbrella insurance can significantly streamline the process of filing a claim.

Document Evidence

Whether you’ve been involved in an accident or your home has recently sustained damage from a natural disaster, it’s crucial to document evidence as thoroughly as possible. Videos, photos, official police reports, and eyewitness statements can all help solidify your case once you file a claim with your umbrella insurance policy provider.

Reach Out to Your Insurance Company

Contact your insurance company, such as Bayshield Insurance, immediately after any accident or disaster. Promptly notifying your insurance company helps avoid potential delays or even denials.

Submit Your Claim

File claims accurately and precisely for the best outcomes. Provide all relevant documentation and evidence. If required, work with a claims adjuster to ensure accuracy.

If you’re a resident in the San Jose, CA area, and you’re looking for umbrella insurance, reach out to Bayshield Insurance. We’ll help you find an umbrella insurance policy that fits your household’s needs perfectly.

What do you do when the repair costs and medical bills exceed your existing coverage limits? If you are a San Jose, CA resident preparatory with foresight, you might consider adding an umbrella insurance policy to avoid such uncertainties. If you’re looking for tailored insurance solutions, the seasoned team at Bayshield Insurance can help you.

The Benefits of the Umbrella

You have secured your auto, boat, and home with pertinent insurance. But what about the "what if" scenarios? Most standard coverages, like auto and home insurance, effectively cover the fundamental and occasionally unexpected costs. However, what if the expenses overshoot the boundaries of your policy, leaving you to handle the excess?

Umbrella insurance is designed for precisely such situations. It covers beyond the limits of your normal policy and offers more than just extra coverage. While most insured parties feel they are adequately covered, those with umbrella insurance have the assurance of protection, which is a significant benefit of umbrella insurance.

Ensuring Your Investment

Insurance plans such as home, auto, and others are essentially investments that provide an exceptional return on investment when required. The question then arises – how do you ensure these investments and their dividends? The answer lies in the right umbrella insurance plan.

If you reside in San Jose, CA, and want to ensure what you insure, we have you covered. Contact us to gain more information about umbrella insurance and arrange a consultation with our experienced Bayshield Insurance team today.

Believe it or not, your standard insurance policy has limitations. For many of us, this is okay. But, at Bayshield Insurance in San Jose, CA, we understand that there are those of us who find those limitations restrictive. Perhaps you have a high-risk occupation that exposes you to potential liability claims, like a doctor. Or maybe you own a vacation home in another state. Whatever the case, you’ll need umbrella insurance to bridge your coverage gaps.

What is Umbrella Insurance?

Umbrella insurance is a type of extra liability insurance that provides you with additional protection and peace of mind. It covers you against claims or lawsuits that exceed the limits of your primary insurance policies, like auto, home, or renter’s insurance. Some benefits of umbrella insurance in San Jose, CA are:

• It covers you for damages or injuries that you cause to others, like if you cause a car accident, a dog bite, or a slip and fall on your property. Umbrella insurance pays for the medical bills, legal fees, and settlements you are liable for up to the limit of your policy. This protects your assets and savings from being seized or garnished by creditors or plaintiffs.
• It covers you for damages or injuries that others cause you, like if you are a victim of a data breach, a workplace accident, or a product defect. Umbrella insurance pays for the costs of repairing or replacing your property, medical treatment, lost wages, and pain and suffering.
• It covers you for damages or injuries like defamation, landlord liability, or false imprisonment. Umbrella insurance pays for the legal fees and damages you face if someone accuses you of slander or libel or if someone sues you.

Bayshield Insurance Is Here To Help

Umbrella insurance is a smart way to protect yourself and your family from unexpected events and lawsuits. By getting umbrella insurance from our expert agents at Bayshield Insurance, you enjoy peace of mind and financial security. Call us to learn more today. 

Accidents happen despite our best intentions, and insurance protects us and our families against those unforeseen events. Among the most valuable forms of insurance are umbrella policies that supplement your primary insurance policies. If you are considering or want to learn how you might benefit from an umbrella policy, contact the team at Bayshield Insurance, serving San Jose, CA and surrounding communities.

How Umbrella Insurance Supplements Your Primary Policies

Your auto and homeowners’ policies provide protection if you are at fault in an auto accident or if someone becomes injured on your property. In either situation, the liability for those injuries could exceed the limits of your auto or home policies. Without an umbrella policy, you are responsible for liability exceeding your policy limits, which could result in the loss of your savings, home, or other assets.

However, if you have an umbrella policy covering such events, the umbrella policy begins paying out when the liability exceeds the primary policy’s limits.

Umbrella insurance is supplemental or secondary insurance atop the primary policy, so it is unavailable without the underlying auto or homeowners’ policy. Part of calculating the premiums or cost of umbrella policies are the liability limits of your primary auto, homeowners, or other policies. The higher the limits on those policies, the lower the cost of an umbrella policy.

So, umbrella insurance cannot replace your underlying policies but can provide peace of mind by enhancing your family’s protection against unforeseen events.

Working With Bayshield Insurance

There is comfort in knowing you and your family have protection in a world where anything can happen. If you live in or near San Jose, CA, and want to discuss umbrella or other insurance, call or stop in to see the team at Bayshield Insurance.

If you own a home or have any assets, it is essential to understand the risks of not having enough liability coverage. This is where umbrella insurance comes in. Don’t know what Umbrella insurance is? Don’t worry, we at Bayshield Insurance, serving the San Jose, CA area, can help.

What Does Umbrella Insurance Cover?

Umbrella insurance is an additional layer of protection that will provide coverage to you beyond what your other liability policies, such as homeowners or auto, offer.

Umbrella insurance covers a variety of potential losses including property damage, bodily injury, libel and slander claims, false arrest/detainment, and more. The amount of coverage you need is determined by your assets, your area, and the potential for a large liability claim if an accident occurs.

Understanding Your Liability Risks

The risks you face depend on the types of activities and locations you frequent. If you are a homeowner, there are additional liability risks associated with owning property or having visitors over to your home.

For example, if you own rental properties or participate in recreational activities such as boating in the San Jose, CA area, then these also involve extra risk. It is essential to consider these factors when determining the amount of coverage you need.

When Should You Consider Getting Umbrella Insurance?

If you have any of the following, it may be worth considering umbrella insurance:

• More than one vehicle or multiple homes
• Valuable assets such as jewelry or art collections
• Pets or other animals
• Frequent renters at your home
• Participation in recreational activities such as boating or skiing

Umbrella insurance is an integral part of protecting yourself from the costs associated with a significant liability claim. At Bayshield Insurance, we understand the risks you face and can help to ensure that you have coverage in place to protect you, your family, and your property. Contact us today to learn more about how umbrella insurance can give you peace of mind.

Personal liability risk is something that all people in the San Jose, CA area need to take seriously. For anyone that is looking for ways to offset their liability risks, having proper insurance is a good idea. One type of insurance support that all people here should consider getting is umbrella insurance.

There are various situations when someone here should obtain an umbrella plan:

Those Looking to Improve Coverage Levels

One of the reasons that you should get an umbrella plan is if you are looking to improve your liability coverage levels. If you have a home or auto insurance plan, you already will have some liability insurance. However, there are limits to your coverage based on the size of your coverage in these plans. With an umbrella plan, you will have additional liability coverage on top of these policies. 

Broad Liability Support

You may also want to get an umbrella plan if you are looking for broader support. If you choose to get an umbrella insurance plan, it will provide you with a broad set of coverage against many personal liability claims. This is ideal for many people as your other insurance plans will only provide coverage for more specific liability risks. Ultimately, this offers you more coverage and peace of mind as you will know you have support during difficult situations. 

Give Us A Call

Getting an umbrella insurance plan is always a good idea if you are in the San Jose, CA area. When you are looking for this unique form of coverage here, it would be smart to start your search by calling Bayshield Insurance. Our professionals with Bayshield Insurance understand the value of this coverage. They will be able to provide any support that you need to build a proper plan. 

Bayshield Insurance is pleased to provide the business community of the greater San Jose, CA area with all of its insurance services. We are here to help you meet your commercial insurance needs. If you own a business in an industry where lawsuits are part of the environment, commercial insurance is more important than ever. 

Don’t let frivolous lawsuits destroy your business!

When it comes to protecting your company, having the right liability protection in place can be hugely important. Without robust liability protection, one frivolous lawsuit could wipe out all of your hard work and dedication! Fortunately, with the right umbrella policy, you will have additional liability protection in place.

This means that when your primary policy is exhausted, your umbrella policy will become active. Having this protection in place can prevent the company principals from being held personally liable for any damages or expenses. Without an umbrella policy, many years of hard work can be wiped out overnight.

If it’s time for an umbrella policy for your company, now is a great time to explore the available options. Make an appointment with your local insurance agent and get this important insurance in place today.

We can help you protect your business with the right insurance 

Business owners in the greater San Jose, CA area turn to Bayshield Insurance for all of their commercial insurance needs. Make sure that you have the liability protection you need. Our team is here to help you with the process of finding comprehensive and umbrella insurance policies that will help to protect all of your hard work. If it’s time to get an umbrella policy to protect your company, call us today, and let’s schedule a consultation. We look forward to working with you!

In the San Jose, CA area, having proper personal insurance plans is always a good idea. While these types of coverage can include home and auto insurance, you also need to ensure that you are getting an umbrella insurance plan. This is a valuable type of insurance that will provide you with ample personal liability protection. There are various scenarios in which someone will want to have this coverage. 

Those that Want Protection Against Big Claims

A common situation when someone will want to have an umbrella insurance plan in the San Jose, CA area is when they want to protect against big claims. Being named liable for a major accident could result in damages that exceed coverage in your home or auto plans. If this occurs, your umbrella insurance plan will offer coverage on top of these policies to ensure you have the necessary additional protection.

Those that Want Coverage for More Risks

You should also get an umbrella insurance plan if you want to have coverage for more risks. Most people in this area of California are going to have liability insurance in their home and auto plans. While this is helpful, there are always liability risks that may not be covered by these plans. In these situations, you will want to have umbrella support as it will give coverage against a more blanket mix of risks. 

Once you have determined that umbrella insurance is right for you and your situation, you should call Bayshield Insurance. Those that are in San Jose can quickly find that picking umbrella insurance comes with complexities. Fortunately, the professionals with Bayshield Insurance offer various forms of support that can help you choose a plan that will give you the additional liability coverage that you are looking for. 

Bayshield Insurance serves the San Jose, CA community and surrounding areas. We help our clients find policies that minimize risks. Emergencies can occur at any time. That’s why it’s important to have insurance coverage that you can rely on during those tough times. We will assess your situation so that you can receive coverage that aligns with your personal goals.

Common Umbrella Insurance Myths

Umbrella insurance offers a layer of protection during serious liability situations. While accidents may inevitable at times, you could still face the consequences. If you accidentally injure someone, and they pursue litigation, your assets could be at risk if you don’t have enough coverage. That’s where umbrella insurance kicks in. The policy takes over once you have reached your liability limits so that you can avoid having to cover the dispute out of pocket. While you’re looking over your policy, avoid these common umbrella insurance myths.

Umbrella Insurance Is Too Complex

Remember that umbrella insurance is a form of supplemental coverage. It doesn’t act as a stand-alone policy. If you are involved in a home or auto liability dispute, umbrella insurance can protect you. If you are the owner of a San Jose, CA business, umbrella insurance can prevent you from losing everything if a customer alleges that your product caused them harm or if you are facing allegations of libel or slander.

I Don’t Have Any Assets

Some people are hesitant to obtain umbrella insurance because they believe it isn’t necessary because they don’t have any assets. Everything that you own has value. Imagine how difficult it would be to replace any assets lost in a liability dispute without insurance. Your entire future could be at risk. Umbrella insurance is an asset for everyone.

Bayshield Insurance Will Help You Cover Your Assets

Visit our website to learn more information about umbrella insurance.