To buy, or not to buy? That is the clich question. But it is also a legitimate question when it comes to many life decisions. Amongst the many important questions we have to ask ourselves is "do I need umbrella insurance?" If you don't know what umbrella insurance is, here is a quick sum up.
Umbrella insurance is not insurance for your umbrella. (Although surely there is someone out there who would buy insurance for their umbrella...) Umbrella insurance covers costs above and beyond the limits of your existing insurance.
First, you should be sure that you are working with an insurance agency that you know you are going to be able to trust. Find an insurance broker that has positive reviews and that you feel comfortable talking with about what you need and what you want from your insurance.
Car accidents, libel, slander, false-arrest, etc., are all reasons umbrella insurance could be good to have. And this doesn't just apply for rich CEO's or millionaires. Plenty of middle-class people are sued millions for common accidents. Umbrella insurance will protect you from those situations.
There are a lot of people that are overpaying for their insurance because they have not taken time to make the proper adjustments. You may even find that there are discounts that you are missing out on, just because you haven't taken the time to look for them.
F4's approach catastrophic with 207 to 260 mile an hour winds. These are classified as devastating.
Second, consider your personality. Are you accident prone? Are you distracted easily? How many accidents have you been in in the past? Do you like to cause trouble? Do you like to take risks? Do you have a bad temper? Do you like to argue controversial issues in public forums? Do you like to defy authority? If so, you might want to consider umbrella insurance.
Third, what is your family like? Ask the same questions listed above about close relatives for whom you might be financially responsible. But also, think about what kind of financial support your family could provide if you got in trouble.
As you are looking into your insurance policy it is also important that you start shopping around with other insurance companies. Don't be afraid to compare your policy with other companies and get to know your policy in relation to those that are offered elsewhere.
Finally, talk to your local Colorado Independent Insurance Agent and see what advice they have for you. If you have existing car insurance Colorado, or home insurance Colorado, you might ok. See what your agent has to say.
Umbrella insurance is not insurance for your umbrella. (Although surely there is someone out there who would buy insurance for their umbrella...) Umbrella insurance covers costs above and beyond the limits of your existing insurance.
First, you should be sure that you are working with an insurance agency that you know you are going to be able to trust. Find an insurance broker that has positive reviews and that you feel comfortable talking with about what you need and what you want from your insurance.
Car accidents, libel, slander, false-arrest, etc., are all reasons umbrella insurance could be good to have. And this doesn't just apply for rich CEO's or millionaires. Plenty of middle-class people are sued millions for common accidents. Umbrella insurance will protect you from those situations.
There are a lot of people that are overpaying for their insurance because they have not taken time to make the proper adjustments. You may even find that there are discounts that you are missing out on, just because you haven't taken the time to look for them.
F4's approach catastrophic with 207 to 260 mile an hour winds. These are classified as devastating.
Second, consider your personality. Are you accident prone? Are you distracted easily? How many accidents have you been in in the past? Do you like to cause trouble? Do you like to take risks? Do you have a bad temper? Do you like to argue controversial issues in public forums? Do you like to defy authority? If so, you might want to consider umbrella insurance.
Third, what is your family like? Ask the same questions listed above about close relatives for whom you might be financially responsible. But also, think about what kind of financial support your family could provide if you got in trouble.
As you are looking into your insurance policy it is also important that you start shopping around with other insurance companies. Don't be afraid to compare your policy with other companies and get to know your policy in relation to those that are offered elsewhere.
Finally, talk to your local Colorado Independent Insurance Agent and see what advice they have for you. If you have existing car insurance Colorado, or home insurance Colorado, you might ok. See what your agent has to say.
About the Author:
Affordable American Insurance is an independent insurance broker owned and operated in Colorado. We can provide you with the best protection, the best service, and the best price for your car insurance today!
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