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.
