How To Determine if Umbrella Insurance is Right For You

There are many different types of insurance and just because it exists does not mean that you actually need it. However, there are certain types of insurance that are wort taking a look into so you can determine if it is a good match for your needs. One of those types of insurance policies is called umbrella insurance. While it may not be right for everyone, there are certain circumstances where there is a great benefit to having it. Continue reading to help determine if umbrella insurance is right for you.

  • Do you have a high value home or vehicle? If so, then you may want to look into purchasing umbrella insurance. This is because all auto and homeowners insurance policies have a maximum coverage level. If you own a high value home or vehicle, your insurance policy may not cover it entirely even when it is maxed out.
  • Do you have a large amount of other assets? Another thing that people do not think about insuring are their assets other than a home or vehicle. For example, if you have a savings account, checking account, or 401K with a lot of money saved in it, you may want to consider covering it with an umbrella insurance policy.
  • Are you a prominent member of your community? For people who are very active in their community and are prominent, having extra personal liability insurance is important and an umbrella insurance policy offers exactly that.

If you would like more information or if you are ready to get a quote for umbrella insurance and start the process, be sure to contact 1st American Insurance Agency serving Lafayette, CO. They will be happy to provide you with anything you need regarding insurance.

What is RV insurance? Finding the Right Coverage

When it comes to any vehicle finding the right coverage is essential. Though coverage varies from state to state, there are some basics that apply to all areas. Say for instance you live in Lafayette, CO, the helpful agents at 1st American Insurance Agency can help you find the coverage that is going to keep you legal in the state in which you live.

RV insurance is very similar to car insurance save for a few different basics that set it apart. An RV is essentially a vehicle in the barest of terms so you are going to need coverage that helps to take care of your own medical bills in the case of an accident as well as those bills of the person that is involved in the accident with you should it be determined that you are at fault. This coverage is called liability coverage and it is required for any vehicle that is going to be on the road with other drivers.

The main difference between RV insurance and typical auto insurance is that RV insurance will also help to cover the replacement of the contents of the RV. This means that if you have an RV fire, an accident, theft, or other issues, the contents of your RV are going to be covered. This does not stop with only those items that you can take in and out of your home but also more permanent items that are in your RV.

A great agent can help you determine what level of insurance you need, how much liability coverage is needed, and what type of policy is going to work best for your particular RV and your particular situation and needs.