Umbrella insurance isn’t just for the wealthy

At Fuhriman Insurance Agency in Boise, ID, we know that as a small business and an independent insurance agency, we work for our customers. We strive to make sure you get the best policy at the best possible price. We have been in business since 1962, and we have the experience you are looking for in an insurance agent. 

What is umbrella insurance?

Umbrella insurance is an additional layer of liability coverage that can be added to any policy that you already have that has liability protection. This can be auto, home, condo, renters, and more. Liability coverage protects your assets from legal action that may be taken against you. If you are sued, it can help to make sure that your assets are not attached if the judgment is higher than the coverage that you have on your primary policy. For example, if you are sued and the judgment is $200,000.00, and your liability coverage is $100,000, This leaves a gap of $100,000 that you are responsible for. If you have an umbrella policy, it will kick in and pay the additional $100,000. 

Who benefits from umbrella insurance?

As you can see from the example, this could happen to someone who is a renter. In this case, it might be that your wages would be attached to help pay the judgment. You don’t need to be wealthy to understand that is not something you want to happen. Umbrella insurance is an affordable option that can protect your assets no matter how big or small they are. The reality is, it may be even more important for those who are not wealthy. 

At Fuhriman Insurance Agency in Boise, ID, we will help to make sure you understand and appreciate what an umbrella insurance policy can do for you.