If you are a renter in Spokane, WA, and have a standard renter’s insurance policy, you may be wondering if you also need an umbrella policy. This is a good question to ask and one that our agents at Western Insurance Associates are prepared to answer.<\/p>\n
While having a renter’s insurance policy in place to protect you and your assets is recommended, if the limits of your policy are reached, an umbrella policy steps in providing an extra layer of protection. The umbrella policy will continue to cover situations up to the policy limit. To qualify for an umbrella policy, you typically must have specific liability limits on both your renter’s insurance and vehicle insurance. <\/p>\n
Unexpected events occur that can have a serious financial impact, such as your dog biting someone, or a fire starts in your rental unit and spreads to other units. Either situation could lead to a lawsuit that exceeds the limits of your renters’ insurance. This is when an umbrella policy is beneficial.<\/p>\n
Other situations may arise that result in personal injury claims that go beyond the limits of your standard renter’s insurance policy. These situations can include defamation of character, libel, false arrest, invasion of privacy, and slander. <\/p>\n
If a judgment is placed against you that exceeds your primary policy, an umbrella policy will help with the additional costs. Without umbrella coverage, once your renter’s policy limits are reached, your savings, investments, and earnings are at risk.<\/p>\n
Umbrella insurance doesn’t cover just your rental unit; it can also be used if an incident occurs that depletes the limits of your auto insurance. <\/p>\n
With assistance from our experienced agents at Western Insurance Associates, our Spokane, WA, residents can rest easy knowing their assets are protected. Give us a call and let’s discuss why having an umbrella policy will work for you. <\/p>\n","protected":false},"excerpt":{"rendered":"
What to Know About Renter’s Insurance If you are a renter in Spokane, WA, and have a standard renter’s insurance policy, you may be wondering if you also need an umbrella policy. This is a good question to ask and one that our agents at Western Insurance Associates are prepared to answer. Benefits of an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[23,18,27,26,10],"class_list":["post-201","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-insurance","tag-spokane","tag-umbrella","tag-wa","tag-western-insurance-associates"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t