3 things you didn’t know about umbrella insurance

3 Things You Didn’t Know About Umbrella Insurance

Umbrella insurance offers an extra layer of liability protection to your home, automobiles, and business. The policy provides you with peace of mind in case of damages or lawsuits.  Many Canby, OR residents assume that umbrella insurance is more beneficial to some people than others. However, the truth is there is a lot that people don’t know about this policy. Here are three things you probably didn’t know about umbrella insurance.

Dog Owners Can Only Benefit If the Breed in Question is Covered.

Some dog breeds are not covered under umbrella insurance. If you are buying insurance for the first time, enquire about the breeds covered to ensure you are not locked out of coverage. Our insurance agents at Oliver insurance can take you through the process and inform you what your policy covers and what it does not. With dog-related injuries and bites getting common every day, you may want to ensure that umbrella insurance has your back when home insurance is not enough to cover medical bills or lawsuits.

Some Risk Factors Affect Your Coverage

Many people purchase umbrella insurance due to attractive liability coverage. Umbrella insurance generally covers most aspects of liability, including slander and libel regardless of where it happened. We all know how expensive lawsuits can get, but some people are more prone to getting slapped with lawsuits than others. For instance, if you own businesses, are a pet owner, have several teenagers at home or have a gym, swimming pool or trampoline at home, you should buy enough umbrella insurance to protect you from potential lawsuits.

Not All Lawsuits Are Covered

Well, this shouldn’t scare you if the accidents that led to the lawsuit weren’t intentional. Note that umbrella insurance covers almost all aspects of lawsuits but not criminal activities or deliberate acts of harm. These may include discrimination, sexual harassment, property damage, and bodily harm. Umbrella insurance is only designed to protect against accidents, even if you are at fault but not acts of malice.

Are you looking to buy umbrella insurance in Canby, OR? Contact Oliver Insurance for unmatched services and quotes.