If you already have a home and auto insurance policy, you can get more coverage by adding an umbrella policy. This is a way to be better protected against a wide range of risks in your car and your property. To keep yourself protected, you can call us at Western Insurance Associates in Spokane, WA to learn more about umbrella insurance.

More Liability Coverage

Your home insurance and auto insurance policies each have different types of coverage in them. One of these is your liability coverage. Home insurance has it in case someone has an accident and is injured while on your property. This coverage pays for the medical bills that would result from those injuries. Your auto insurance has liability coverage in case someone else is injured in an accident with you. The issue is that these insurance policies often don’t have much liability coverage. This can mean they can’t pay for a serious accident that causes high medical expenses. There is umbrella insurance to get more liability coverage for both of these policies. It adds an extra protective layer to both of these policies all at once. 

Paying Overages

It’s important to have umbrella insurance because it pays for the overage after your home or auto policy has already come in and paid what it can. When there are still medical bills after your home or auto policy has maxed out, it’s great to have umbrella insurance to pay the rest of them. Paying these overages can protect you from a severe financial emergency from paying sky-high medical bills. 

Get an Umbrella Policy

If you want more liability coverage with a very high maximum payout, call Western Insurance Associates in Spokane, WA, to discuss umbrella insurance.

Maximize Your Personal Liability Protection with Umbrella Insurance in Spokane, WA

For residents in the Spokane, WA area, managing and enhancing personal insurance needs is critical. Investing in umbrella insurance is one of the most effective ways to augment your personal liability protection. Here’s why it’s beneficial to have an umbrella insurance policy in this part of Washington:

1. Shield Against Serious Claims

An umbrella insurance policy in this region helps you protect yourself against potential large-scale liability claims. Accidents in Washington can lead to serious liability cases, and while homeowners or auto insurance can provide some coverage, their policy limits may not extend far enough. An umbrella insurance plan offers the assurance of additional support above and beyond your existing policies.

2. Broad Spectrum of Coverage

An umbrella insurance plan is also appealing because it offers extensive coverage. Liability risks are omnipresent, and some can catch you off guard. While home or auto insurance plans are restricted in their coverage capabilities, umbrella insurance provides overarching protection against virtually any form of personal liability claim.

Ensuring you have an umbrella insurance plan in the Spokane, WA region is always advantageous. This type of coverage caters to various scenarios and equips you with coverage if you face a personal liability claim. So, when you find yourself navigating the insurance market, reach out to our knowledgeable team at Western Insurance Associates. We specialize in offering well-rounded advice and will be more than happy to assist you in crafting the perfect policy.

Enjoy total insurance protection with an umbrella insurance policy. Umbrella insurance coverage is essential for consumers in Spokane, WA, who want to prevent financial losses due to liability issues. At Western Insurance Associates, we can provide you with the information you need about your insurance needs.

Here are four things you might not know about umbrella insurance.

Umbrella insurance can protect your net worth.

When consumers buy umbrella insurance, it is suggested that they buy enough coverage to equal their total net worth. This means that an umbrella insurance policy should cover a consumer’s total net worth and thereby protect all the assets that the consumer has been accumulating throughout their life. 

Umbrella insurance can protect you from expenses you may face as a pet owner.

Some pet owners might be at increased risk of experiencing a lawsuit. Umbrella insurance can cover costs that result from injuries that are caused by a policyholder’s pet. 

Umbrella insurance can offer coverage for your whole family.

You might be surprised to learn that an umbrella insurance policy doesn’t only cover the liability expenses that the policyholder faces. Umbrella insurance can actually cover liability expenses for the policyholder’s entire family in many situations. 

Umbrella insurance can cover you if you’re involved with a non-profit.

Umbrella insurance can cover the policyholder for various types of organizations with which the policyholder may be involved. For example, umbrella insurance can cover the policyholder for liability expenses due to involvement with a non-profit organization. 

Are you seeking more information on umbrella insurance options in Spokane, WA? Get a quote on an umbrella insurance policy by calling us today at Western Insurance Associates. 

Knowing how much umbrella insurance coverage is right for you is essential. Western Insurance Associates can help you determine the amount of coverage that best suits your needs. An umbrella insurance policy provides extra liability protection beyond what your primary policy offers. It helps protect assets and income if you are liable in a lawsuit in Spokane, WA.

It does not replace other types of policies, such as homeowners insurance or automobile insurance. Instead, it offers additional protection if you get sued above your policy. If you only have $100,000 in coverage, for example, and are facing a $200,000 lawsuit, you could be on the hook for the extra $100,000.

At Western Insurance Associates, we offer various options so you can find a policy that meets your specific needs. We will consider factors such as the value of your property, the amount of liability coverage provided by other policies, and any special requirements you may have. The experts at Western Insurance Associates will work with you to ensure you get the most out of your coverage.  

We will also explain any restrictions and exclusions that may apply to the policy. This way, you can make an informed decision about your coverage and feel confident knowing you are getting the best protection available. With Western Insurance Associates, you can rest assured that your assets and income are protected in case of a lawsuit or accident here in the Spokane, WA area.

Contact us at Western Insurance Associates today to discuss how much umbrella insurance coverage is right for you and your family. We are proud to serve the Spokane, WA area.

Umbrella insurance is a form of personal liability insurance that covers your assets in the Spokane, WA area and everywhere else beyond the limits of your traditional home and auto insurance policies. It can provide additional coverage against claims that could otherwise be financially devastating.

When exactly does umbrella insurance kick in?

Typically, umbrella insurance kicks in when the liability limits on your other policies have been exhausted. If you are sued or held liable for damages, your regular insurance will cover up to its limit, and the umbrella policy will pay over and above that amount. This extra coverage can be essential in protecting your assets from being wiped out by one major incident.

Umbrella policies may offer broader coverage than traditional policies, protecting a wider range of incidents, including libel, slander, false arrest, malicious prosecution, and more. Additionally, these policies usually don’t come with deductibles like other types of insurance do. 

When deciding whether or not you need umbrella insurance, looking at all the factors involved is essential. Consider the value of your assets and whether you could cover them if something unexpected happens. It would be best to consider what extra coverage an umbrella policy might provide should the worst happen.

For more information, or if you have questions about your policy, give us at Western Insurance Associates a call today. We proudly serve the Spokane, WA area and would gladly get you a policy that suits your needs. 

If you live in the Spokane, WA area, it is vital that you properly assess all of your personal insurance needs. One type of risk that you will want to make sure is covered by insurance is your risk of liability. One way to reduce this risk is by getting a full umbrella insurance plan. There are various reasons why you should consider getting this type of insurance coverage here. 

Reduce Risks of Major Liability Claim

You will want to have an umbrella insurance plan in this part of Washington to reduce the risks of a major liability claim. You are bound to have some liability coverage in your home or auto insurance policies. However, those policies have coverage limits, and a significant claim could exceed your coverage. An umbrella insurance plan will provide additional support on top of those plans. 

Coverage for More Risks

An umbrella insurance plan is also a good option as it can provide additional coverage for more risks. Various liability risks are not covered by a home or auto plan. If you do not have an umbrella insurance plan, you will not have coverage for those risks. Fortunately, umbrella coverage is broad and covers most situations that could result in a liability claim.

If you want an umbrella insurance plan and are in the Spokane, WA area, it would be helpful to call the team with Western Insurance Associates. There are a lot of important choices to make when looking for insurance here, and Western Insurance Associates will offer any support you need to select your following policy. This can help ensure you have appropriate coverage at all times. 

Your typical liability coverage covers you when accused of causing bodily injury or property damage to someone else. For instance, if your dog bites someone or you crash into someone else’s gate, your conventional liability coverage should cover this. Unfortunately, your car or home liability insurance can only cover you up to a certain limit. Beyond there, you have to go back to your pocket.

Luckily, if you have invested in umbrella insurance from Western Insurance Associates, it covers you when the limit of your underlying liability coverage is exhausted. But is umbrella insurance for those who have amassed wealth only? If you are curious to find out the answer, keep reading.

Is umbrella insurance for the rich and famous only?

The truth is that if you are super-wealthy, you need umbrella insurance to protect your assets. For instance, if you cause an accident, and someone notices you are famous, they may be motivated to sue to get financial compensation.

While high-net-worth individuals need umbrella insurance, it doesn’t mean you shouldn’t purchase this coverage. America is a highly litigious country, and everyone is at risk of a lawsuit. You may not be super-rich, but because you are a board member of a charity organization, you can be sued. In the US, you can be sued even for the flimsiest reasons, and that is why you need umbrella insurance on your side.

Who needs umbrella insurance the most?

The rule of thumb is that if you earn a livelihood, invest in umbrella insurance. But since some people are at more risk of being sued, umbrella insurance becomes a must-have policy ASAP. You need umbrella insurance today if you:

• Own a business
• Own a dangerous pet
• Participate in high-risk activities like arching
• Own a rental property, home, or vehicle

Need umbrella insurance in Spokane, WA? Please contact Western Insurance Associates for a policy that meets your needs.

 

You may have heard the terms commercial umbrella insurance and excess liability insurance used synonymously. However, they do not refer to the same type of policy.

Understanding the Differences

While they may sound like similar products, it is important to understand the difference between excess liability insurance and commercial umbrella insurance. Excess liability insurance is designed to activate when a general liability insurance policy has reached its limit and only provides additional coverage for that particular policy. Commercial umbrella insurance activates when one of several liability insurance policies reaches its limit.

You may get a broader range of liability coverage with a commercial umbrella insurance policy for incidents that are not covered by your underlying insurance policies. It is crucial to take the time to read over your policy. The agents at Western Insurance Associates of Spokane, WA will work with you to make sure you understand what is covered and what is not covered by the policy that you choose.

When Do You Need Commercial Umbrella Insurance?

You can apply commercial umbrella insurance to general liability, employer’s liability, or commercial auto insurance policies. These are some of the most important policies that you can purchase to protect your business from unexpected financial loss. When you include additional coverage that kicks in once these policies have reached their limit, you reduce the risk of your business going bankrupt.

Excess liability insurance and commercial umbrella insurance are both created to offer an additional layer of protection that goes further than a primary insurance policy. If you are interested in an umbrella insurance policy or think an excess liability insurance policy is right for your small business, contact Western Insurance Associates of Spokane, WA for more information.

The differences between commercial umbrella insurance and excess liability insurance are not always clear. Give us a call today and we will review the details with you.

The world of insurance is complicated, and many policy types can feel ominous. Umbrella insurance is one of the most overlooked forms of insurance coverage, but it may be one of the most helpful if you are involved in a legal battle.

Umbrella insurance is one of those policy types you may not completely understand. If you live in Spokane, WA, Western Insurance Associates may be able to help you through the challenges of learning about umbrella policies.

Umbrella Insurance Provides Liability Protection

Many people choose umbrella insurance policies because they provide more liability protection. If you have assets that could be at risk if you were held responsible for causing injury or damage, you might consider one of these policies. If you are exposed to a potential lawsuit, this policy provides protection for your assets.

Washington Does Not Require Umbrella Insurance

In the state of Washington, you are not required to carry this extra liability insurance. While it may not be a requirement, you should consider getting a policy if you own a home, have guests over at your home often, or live in a multi-family building. You might consider this coverage if you have a new or young driver on your auto insurance policy or if you own a pet.

You might also consider adding this coverage to your policy if you partake in risky activities or hobbies, including skiing or snowboarding.

Choose a Policy That Protects You

Umbrella insurance protects your assets, including the property you own and the money you have worked hard to save. Western Insurance Associates, which serves Spokane, WA, can help you choose a policy to meet your needs.