If you are a homeowner and concerned that you may not have enough insurance in case of an accident in your home, damage caused by inclement weather or any other type of disastrous event, considering umbrella insurance is a good move. At Homeowners Insurance Group, we are ready to help our Scottsdale, AZ residents experience peace of mind by having additional coverage. <\/p>\n
There are several reasons for getting an umbrella insurance policy. These include those with an extensive net worth, hazards on your property such as a swimming pool, tenant injuries if you have rental property, lawsuits, and even teen drivers. If a claim is filed against you and your homeowners and auto insurance policy limits are exhausted, the umbrella coverage steps in to protect your assets and savings from being depleted. A homeowner’s policy, renter’s policy, or auto policy is required before you can buy umbrella insurance. Some insurers require a minimum amount of liability coverage on the required policy(s) before you can buy umbrella coverage. <\/p>\n
Typically, the minimum starting figure is $1 million. This can increase in $1 million increments up to $5 million as long as you meet the criteria required by the insurance company. This means increasing the limits on your other policies. If your request for coverage is extremely high, companies generally run an audit on areas such as your net worth before issuing the policy.<\/p>\n
If you have any questions or concerns about your current coverage and what you will need to purchase additional coverage with an umbrella policy, contact our team at Homeowners Insurance Group. One of our agents will explain each step necessary to provide you with the answers you need to ensure your assets are safe.<\/p>\n","protected":false},"excerpt":{"rendered":"
What You Need to Know About Umbrella Insurance If you are a homeowner and concerned that you may not have enough insurance in case of an accident in your home, damage caused by inclement weather or any other type of disastrous event, considering umbrella insurance is a good move. At Homeowners Insurance Group, we are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[20,11,23,19,21],"class_list":["post-168","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-az","tag-homeowners-insurance-group","tag-insurance","tag-scottsdale","tag-umbrella"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t