Category: Umbrella Insurance

In-ground pools are a common feature in Oregon homes, and for a good reason—they’re a lot of fun. But if you have one, you need to be aware of the potential liability risks. That’s where umbrella insurance comes in.

What is an Umbrella Insurance Policy in Portland, OR?

An umbrella policy provides liability coverage that goes above and beyond the limits of your homeowner’s or renter’s policy. For example, if you’re held liable for an accident that causes $100,000 in damages, and your homeowner’s policy limit are at $500,000, your umbrella policy would provide the additional coverage needed to pay the claim.

A Choice One Insurance Inc. agent can help you determine if you need an umbrella policy and how much coverage you need.

Why You Need Umbrella Coverage With an In-ground Pool

An in-ground pool can increase your liability risk for a few reasons. First, if someone suffers an injury while swimming in your pool, they may hold you responsible. Second, if your pool is accessible to neighborhood children, they may injure themselves while playing in it. Third, if an injury occurs from a fall on the pool deck, they could hold you liable.

An umbrella policy can provide the extra protection you need in these situations. It can also cover you if you’re sued for libel or slander or if an injury happens on your property.

How Much Coverage Do You Need?

The amount of coverage you need depends on a few factors, including the value of your assets and the size of your pool in Portland, OR. A Choice One Insurance Inc. agent can help you determine the amount of coverage you need. Contact us today to get started.

Usually, a typical policyholder in Portland, OR, has auto and home insurance. But do you know you can benefit from other coverages like umbrella insurance from Choice One Insurance Inc.? Umbrella insurance is extra liability protection that comes into play when your conventional liability coverages run out.

Unfortunately, there are many misconceptions about umbrella insurance. One common misconception is that umbrella insurance is for the rich and famous only. The reality is that this notion is half-true. Umbrella insurance is suitable for anyone earning a livelihood, and investing in this coverage yields the below benefits:

Protects you against expensive lawsuits

In the world we live in, you can be sued for doing virtually nothing. And since lawsuits can be expensive, you need umbrella insurance to protect you when they come knocking on your doors. While lawsuits can plunge you into financial losses, umbrella insurance ensures that doesn’t happen.

Protects your assets

You may try to avoid accidents, but they will still happen. And when they happen, you could face significant claims that could claim your assets. Luckily, you don’t have to worry that someone will come for your hard-earned assets if you have umbrella insurance.

Worldwide protection

Unlike other liability coverages that only operate in the US, umbrella insurance can protect you anywhere in the world. This way, you don’t have to invest in extra coverage when traveling abroad – umbrella insurance got you covered.

It’s affordable

Most people fail to invest in umbrella insurance because they think it’s expensive. However, since umbrella insurance rides on other coverages, it’s surprisingly affordable. Umbrella insurance gives you high liability coverage at a very conservative price. Not convinced? Why don’t you get in touch with Choice One Insurance Inc.?

Invest in umbrella insurance today!

Are you shopping or renewing your umbrella insurance policy in Portland, OR? Would you please look no further than Choice One Insurance Inc. for affordable coverage?

When you already have a homeowners’ policy and an auto insurance policy, there is a way to increase your liability coverage for both. An umbrella insurance policy can help you to do this. If you are interested in an umbrella policy, contact us at Choice One Insurance Inc. in Portland, OR to talk with an agent about the policy you need. 

Homeowners’ Insurance 

A typical home insurance policy has several parts that each cover different things. One of these parts is a liability for accidents and other incidents that happen to a third party while on your property. This may be inside the home or on the grounds. The coverage for this liability is often quite low, and it may not be enough to pay for the medical bills that come due after an accident. That’s where umbrella insurance comes in. After the home insurance policy has paid out to its maximum, the umbrella insurance policy kicks in. It then pays the overage up to its own maximum, and the maximum of umbrella insurance is much higher than with home insurance. 

Auto Insurance

When you have auto insurance, it comes with little liability insurance, just as your home insurance does. But like home insurance, this policy often has very little liability coverage. An umbrella policy also supplements this coverage. It just takes one umbrella policy to supplement the liability coverage of both your auto and home insurance policies. 

Talk to an Agent

If you are interested in an umbrella insurance policy to add to your liability coverage for both your home and vehicle, call us at Choice One Insurance Inc. in Portland, OR to talk with an agent.