Umbrella Insurance in Colorado
If you have already purchased a home, boat, or car insurance policy in the Evergreen, CO area, you may be surprised if someone informs you that you could do with some additional coverage. But as you continue progressing in life, your financial status and responsibilities will change. This means you will also be exposed to more risks. That is why you need additional coverage like umbrella insurance from Davidson Insurance Agency.
Who Should Get Umbrella Insurance?
You may assume that umbrella insurance is only for the wealthy in Colorado, but that is not true. As long as you have assets under your name and earn an income, you need to get umbrella insurance. Today’s society is litigious, meaning you do not have to wait to become a millionaire before you can invest in umbrella insurance. You can start now, then continue increasing your coverage as your financial situation expands.
However, there are people who have a higher chance of being sued than others. So, if you fall under any of the mentioned categories, get umbrella insurance immediately.
- Enjoy high-risk hobbies: If your hobbies include skiing, hunting, and surfing, you will need this type of insurance because the risk of inflicting injuries to other people is high.
- Owns a business: Businesses come with several risks, including bodily injury, property damage, and advertising injuries. These risks can exceed your usual commercial insurance coverage, hence the need for umbrella insurance.
- Landlords: Umbrella insurance will give you adequate cover against tenants’ liabilities
- Pet owners: If your dog's breed can bite guests, get umbrella insurance to give you coverage when your pet inflicts significant bodily injuries to their parties.
As you can see, almost everyone in Colorado needs that additional protection that umbrella insurance provides. If you want to improve your home, car, or boat insurance, you should invest in umbrella insurance from Davidson insurance Agency. Our team of experts in Evergreen, CO will give you more details about this coverage and ensure you make an informed decision.