Umbrella Insurance in Bend, Oregon

Most people assume that they have enough liability protection from their primary insurance policies, such as homeowner‘s or auto policies, but that’s not always the case.

Umbrella insurance protects people from large claims or lawsuits when they’re found liable following an event in their home, car or property. At Bend Insurance, we can help protect you financially and keep your dreams moving forward with an umbrella insurance policy.

What is Umbrella Insurance?

Umbrella insurance is a secondary type of insurance that offers additional personal liability protection for you and your family in the event your primary coverage is exhausted. In particular, it covers lawsuits and costly claims in the following areas:

Bodily Injury - If you're liable for an accident that injures other drivers, their passengers or any pedestrians, umbrella insurance covers the medical bills or lawsuits that exceed the limits of your auto insurance.
Property Damages- If you're liable for physical destruction or loss of someone else's property, your umbrella insurance policy can provide the extra protection that you may need.
Injury to reputation – This protects you for claims of slander, libel, defamation of character and more, whether in person or over social media.
Court Costs - For legal fees and court costs when you have to defend yourself in a lawsuit.

Why Do Individuals Need Umbrella Insurance?

Umbrella insurance gets you one step closer to knowing that your financial future is secure. Sometimes, depending on your situation, your standard home and auto liability insurance may not be enough to cover a large liability claim. For instance, let’s say you are hosting guests at your Oregon property and someone trips down the stairs, or your beloved dog runs out of the house and bites someone. If they sue you for injuries and you lose, your homeowner’s insurance will only pay up to a certain limit. Instead of clearing your savings or getting into debt, umbrella insurance will cover the difference so that you don’t have to pay out of pocket for any costs that exceed your current liability limits.

How Much Should the Average Person Pay for an Umbrella Insurance Policy?

The cost of obtaining $1 million of personal liability coverage under umbrella coverage is roughly $150 to $350 a year and about $100 per million of coverage above that. The incremental premium cost tends to gradually diminish. It’s more cost-effective if you buy your home and auto insurance from the same insurer as you get an additional discount on the umbrella policy.

Umbrella Insurance Agent in Bend

An experienced independent insurance agent who represents multiple insurers can help you customize your insurance so you only pay for what you need at the best price.
Personal umbrella insurance is for everyone, not just the wealthy as anyone could be vulnerable to legal action and large judgments in this current climate that loves lawsuits.

Let’s be part of your overall risk management plan and provide an additional layer of protection to keep you and your family’s financial future secure. Contact me today to find out what the best level of coverage is for your situation.

How Can We Help With Your Insurance Needs?

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(541) 408-0971

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