A variety of umbrella insurance products exist for you to choose from and are a great addition to your coverages when your standard insurance policy needs to be supplemented.
Umbrella insurance is designed to work alongside existing policies and, as such, can be found in many different indemnification types. Your umbrella insurance will typically have a much higher limit than your primary contract and will begin to extend coverage once your initial limit has been reached.
It is entirely possible to have caps that reach into the millions, and umbrella insurance is typically very affordable. It can provide peace of mind, for example, in the event of a car accident where it is not uncommon for medical expenses and property damage to exceed standard coverage.
Umbrella insurance helps to safeguard your assets and savings against loss when you are financially responsible for another's injuries and wrecked vehicles. It can also help you if you are a defendant in a lawsuit.
Umbrella insurance is not a legal requirement in the states of Washington, Oregon, California, Arizona, and Nevada, and your Northwestern Insurance Group LLC agent in Portland, OR would be happy to go over the specifics of the products and services we offer.
Another benefit of umbrella insurance is that it can offer additional categories of coverage. These tend to be subsets of the primary insurance coverage, and you can supplement homeowners, renters, commercial, automobile, motorcycle indemnification, and more.
Umbrella insurance can be a good choice for the business owner whose company is worth a great deal more than what standard insurance can cover. If a business operates in an industry for which there are serious liabilities that can bankrupt the corporation, umbrella insurance helps lessen the amount the enterprise would be responsible for.
We are able to speak to you regarding your situation in greater detail by phone, online, or in person, and we serve those who live in Washington, Oregon, California, Arizona, and Nevada. Our offices are located in Portland, OR and Bend, OR.