Umbrella insurance Vancouver
Media release
September 1, 2021

Introduction
As a responsible individual, you always make sure that you have insurance coverage for the important things in life, such as your home, your car, and your health. However, you might be leaving out an important coverage that can provide additional protection for you and your assets - umbrella insurance.

What is Umbrella Insurance?

Umbrella insurance is an additional layer of protection that covers your liabilities in case you are sued for damages that exceed your standard liability insurance coverage. It acts as an umbrella that covers the gap between your standard liability insurance and the amount of damages for which you are liable.

For example, if you are found liable for an accident that causes $500,000 in damages, but your standard liability insurance only covers up to $300,000, umbrella insurance will cover the remaining $200,000.

Why You Need Umbrella Insurance

Umbrella insurance is a critical coverage that can provide peace of mind in a world where lawsuits and damages can quickly add up. Here are a few reasons why you need umbrella insurance:

  1. Protection for Your Assets: Umbrella insurance can protect your assets, such as your savings and investments, in case you are sued for damages. Without umbrella insurance, you could be forced to liquidate your assets to pay for damages.
  2. Liability Coverage for High-Risk Activities: If you participate in high-risk activities, such as owning a swimming pool or engaging in water sports, you may be exposed to a higher risk of liability. Umbrella insurance can provide additional protection for these activities.
  3. Coverage for Non-Physical Damages: Umbrella insurance can also provide coverage for non-physical damages, such as slander or libel, which are not covered by standard liability insurance.
  4. Affordable Coverage: Despite the added protection it provides, umbrella insurance is relatively affordable and can be purchased for a fraction of the cost of your standard liability insurance.

How to Get Umbrella Insurance

Getting umbrella insurance is easy and affordable. You can speak with your insurance agent or compare quotes from different insurance companies to find the best coverage for your needs.

Make sure to discuss your specific needs with your insurance agent to determine the right coverage amount for you. It is always better to be safe than sorry, and umbrella insurance can provide peace of mind in case the unexpected happens.

Conclusion

Umbrella insurance is a critical coverage that can provide additional protection for you and your assets. It is affordable and easy to obtain, making it a smart choice for anyone looking to safeguard their financial future. Contact us today to learn more about umbrella insurance and to get a quote.

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Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

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