If you are a resident of Oregon with a lot to lose, you may want to have higher liability coverage limits than your currently held policies can offer. Umbrella insurance is a secondary insurance policy that is designed to significantly boost these limits by offering coverage if your primary coverage limits are exhausted.
Individuals can use umbrella insurance to boost the liability coverage offered by policies like homeowners, car, boat, RV, motorcycle, and ATV insurance. Business owners can use a commercial umbrella insurance policy to boost the coverage offered by their general liability coverage.
Personal umbrella insurance policies typically cost around $250 a year for every million dollars in coverage purchased. Commercial umbrella insurance can cost Oregon business owners about $500 a year for every million dollars in coverage purchased.
If you want to learn more about umbrella insurance, you can arrange an obligation-free consultation with a local independent insurance agent.