Category: Umbrella Insurance

When you own a home and a vehicle, you have insurance policies. However, it’s also helpful to get an umbrella policy on top of those. This gives you more coverage right where you need it. If you own a home and car, call us at Land Home Insurance Services to learn more about umbrella insurance. 

Adding Liability Coverage

When you have a home and auto insurance policy, you have liability coverage in both policies. Liability coverage is important for paying for any injuries or related costs for which you could be liable. When an accident happens, though, it could be an expensive one. This may mean that it costs more than the liability coverage in your home or auto policy. There’s umbrella insurance to get more liability coverage. It simultaneously adds an enormous amount of liability coverage to both other policies. 

Paying Overages

When an expensive accident happens, and it leaves you with bills that your home or insurance can’t pay, you would be responsible for that overage. When you have umbrella insurance, it pays for those overages for you. Umbrella policies come with enormous maximums, so even a very expensive accident can be paid for by this policy. With umbrella insurance, you don’t have to worry that an accident will be too costly for you to be able to cover it with your home or auto insurance. It gives you peace of mind because you know you’re well-covered. It also costs less to get an umbrella policy than it does to add more coverage directly onto each of the other policies. 

Get Umbrella Insurance from Land Home Insurance Services

If you want better coverage from umbrella insurance, call us today at Land Home Insurance Services to get started. 

   

If you’ve been looking at insurance policies to protect your family and financial security, you may have come across the term “umbrella” insurance. These insurance policies expand coverage in specific ways and can significantly reduce risks. They are often quite affordable, especially in terms of how much protection they can provide. If you’re looking for an insurance agency serving Greater San Francisco and Concord, CA, contact Land Home Insurance Services at your earliest convenience to discuss umbrella policies.

A Closer Look at Umbrella Insurance Policies

Just as an umbrella protects you from rain and bad weather, an umbrella insurance policy provides protection from various events. Umbrella insurance policies are typically designed to extend coverage. This may include increasing payout limits for events or covering incidents not currently covered under a given policy.

For example, let’s say you’re a dog owner. If your dog bites someone on or off your property, you could face a civil suit to pay for medical bills, pain and suffering, and whatever else. Your regular insurance policy may cover these costs but may also be uncovered. Further, maybe only certain breeds of dogs are covered, or only incidents on your private property. The total coverage amount might be low, as well. With umbrella insurance, you may be able to extend coverage to increase limits, reduce deductibles, expand coverage to off-property incidents or specific breeds, and more.

Umbrella insurance can be used to cover many other things. With healthcare costs rising, you might take out a policy to provide additional coverage for medical expenses stemming from personal injuries on your property or healthcare bills resulting from car accidents, for example. If you live in or near Silicon Valley and San Francisco and are looking for an insurance agent serving Concord, CA, contact Land Home Insurance Services. We’d be glad to discuss umbrella insurance options with you and your family.

When you have the right insurance, you know you’re more fully protected from some of the problems that could come your way in life. If you’re looking for umbrella insurance, Land Home Insurance Services can help you find the right policy for your needs.

Here are four ways this type of insurance can keep you covered:

1. Protect Your Family

Keeping your family safe is important, and when you want to protect your family as fully as possible, you need a policy that will cover even big claims that exceed the limits of your other insurance policies. That will help avoid big changes to your family’s quality of life.

2. Reduce the Risk of Loss

You don’t want to lose what you’ve worked so hard to build and create in life. An umbrella policy will reduce your loss risk because it steps in after the limits of other policies have been reached. This can stop you from losing assets to cover a claim.

3. Experience Peace of Mind

More peace of mind matters, and it can sometimes be hard to get in life. With good umbrella coverage, though, you’ll have increased security and feel more confident in your coverage, so you can worry less.

4. Adapt to Changing Situations

When your situation changes, you can adjust your policy to increase or decrease coverage so you’re staying protected throughout different phases of your life. That gives you options to stay on top of any concerns you have.

Consult With Us

Looking to find a great umbrella insurance policy? Reach out to us at Land Home Insurance Services today. Our trusted and dedicated agents can help you choose the policy that fits your current needs, so you can put worry behind you.

Umbrella insurance is an important type of coverage to have if you want to protect your assets. You can get umbrella insurance from Land Home Insurance Services. 

If you are in the market for umbrella insurance, you might have some questions about this type of insurance.

The following are three common questions about umbrella insurance:

What types of expenses will umbrella insurance cover?

Umbrella insurance is a type of insurance that covers liability expenses. While this type of insurance will cover costs for you if you face a lawsuit, umbrella insurance does not cover damages to your personal belongings.

Umbrella insurance can cover expenses you face due to a car accident, for example. Umbrella insurance can also cover you for injuries that guests in your home experience. 

How do you qualify for an umbrella insurance policy?

You need to have another type of insurance policy to qualify for an umbrella insurance policy. Umbrella insurance is designed to add to the coverage you already get from your car insurance or home insurance policy. 

You need to make sure that you have a home or auto insurance policy that meets certain maximum coverage requirements in order to qualify for an umbrella insurance policy.  

How much umbrella insurance should you buy?

In general, it is recommended that policyholders carry enough umbrella insurance coverage to cover the full value of their net worth. This way, all of a consumer’s assets are protected. 

Give Us A Call

Let us help you meet your umbrella insurance needs at Land Home Insurance Services. If you’d like to explore our umbrella insurance offerings, give us a call today. Get in touch with us to get a quote on an umbrella insurance policy. 

As a wholly-owned subsidiary of the national residential mortgage lender Land Home Financial Services, Inc., our company, Land Home Insurance Services, serves 14 midwest and western states. We provide a full range of insurance types, including umbrella policies. Umbrella insurance — also called personal liability insurance –protects the excess value of your assets, such as your home and belongings, stocks, bonds, savings, and future income, against lawsuits. 

Commercial umbrella insurance, on the other hand, protects your commercial assets, such as buildings and equipment, inventory, reputation, and brand.

Consult with us today for an assessment of your umbrella insurance needs.

Why Would I Need Umbrella Insurance for My Home-based Business?

If you do product reviews, post photos or music, make art pieces, clothing, accessories, jewelry, or other items requiring creativity, someone could accuse you of stealing their ideas or slandering or libeling their business. The resulting lawsuit could cripple you financially. In addition, awards or settlements above and beyond your personal or commercial liability limits could result in you surrendering your home or other assets to pay your fines, especially punitive damages.

Doesn’t My LLC Protect My Assets?

An LLC creates a legal entity in its own right, but in some situations, the owner can still find themselves personally liable. Situations include:

• False Imprisonment on suspicion of shoplifting from your home office,
• Negligent Injury while driving your vehicle for business
• Lying to creditors about your assets
• Making personal loan guarantees for your business
• Contracts signed in your name instead of your DBA name

Get Umbrella Insurance Today

Call Land Home Insurance Services today for an evaluation of your creative home-based business liability risks. Let us protect you from frivolous lawsuits and excessive damage awards that can bankrupt you and leave your business in shambles.