When you purchase a Montrose, CA insurance policy, you may assume that it’s something that is a ‘done deal’. But the reality is that many policies may not offer as much coverage as you really need to stay protected. One area that is often lacking is in the amount of liability coverage you might have.
If something happens and you end up being found liable for someone’s injury, your basic policy may not protect you. Umbrella insurance is the solution here – a stand alone policy that provides extra liability coverage to you beyond your basic policy’s protection. If you’re a Montrose, CA homeowner or auto owner, these policies could be the only option available to ensure you are protected.
We can’t always plan out our lives, and as such it’s important to invest in a Montrose, CA umbrella insurance policy so you can stay protected and relax with peace of mind.
Why Umbrella Insurance Is So Important
If you’re still not completely convinced, let’s take a look at an example of how a Montrose, CA resident may end up having to have it – and how it can impact their life if they don’t.
For instance, let’s say that you are involved in an auto accident and are found to be responsible. The cost to cover the damages done to the other vehicle and the injuries of the driver and passengers is $700,000. Your existing auto policy has a coverage limit of $200,000.
This means that your insurance will pay the $200,000, but that you’ll be responsible for the remaining $500,000. Not too many Montrose, CA residents can say that they have that kind of money on hand.
But with an umbrella insurance policy, you can get additional liability insurance. You can choose the limit yourself, but standard plans range from around $1 million up to as much as $5 million. With these policies, you don’t end up having to pay for any of the liability costs associated with the accident.
What Does Umbrella Insurance Cost?
A standard Montrose, CA insurance policy is surprisingly affordable, which is why they are so popular. Most policies can be purchased for as little as $150 per year. While the cost will vary depending on how many vehicles or homes you have to insure and on the overall amount that you want your policy to cover, the cost is so low that it becomes a no-brainer for those looking to stay protected.
Protecting Your Life
The bottom line is that one accident could upend your life entirely and leave you struggling to survive financially. Investing in a good Montrose, CA Umbrella insurance policy is the easiest way to make sure you are fully protected. Our team can help. Contact Panorama Insurance Agency today to get your initial quote.