Month: July 2021

Liability insurance is an extremely important type of coverage to have, but many people don’t realize that they don’t have enough. They may assume that their home and auto insurance policies carry enough of this coverage so that they are safe from lawsuits and other legal requirements. However, they often need an umbrella insurance policy. If you are thinking about getting umbrella insurance, contact us at The Insurance Shop USA in Sandpoint, ID. 

Liability Coverage

An umbrella policy works with the auto and home policies that you already have. Those policies typically don’t have much in the way of liability coverage, so an umbrella policy is like another layer or coverage laid on top of those two policies. It boosts the amount of liability protection that you get with both of these policies. And, it costs far less than changing your home and auto policies to have a larger maximum. It’s a cost-effective way to get better coverage and better peace of mind.

Umbrella Protection

Umbrella insurance works in a two-step manner. The first step is that your home or auto insurance, depending on where the accident happened, will kick in and pay the medical and property-damage bills until it reaches its maximum. Step two is that the umbrella policy comes in after that. It then pays what is due over and above what the home or auto policy paid. Umbrella policies typically have large limits, so it’s likely that you won’t have anything due above that maximum. 

Get Your Umbrella Insurance Protection

If you are interested in boosting your liability coverage with an umbrella policy, call us today at The Insurance Shop USA in Sandpoint, ID. You might be a good candidate for having this type of extra protection against lawsuits. 

People that are in the Sandpoint, ID area will likely know that it can be a fun place to live in the summer. The warm weather and plenty of local lakes and waterways offer a lot of opportunities to have fun. To maximize your experience in this area, buying your own boat is a good option. Along with a boat, you should get a boat insurance plan for a few reasons. 

Coverage Protects your Boat

A reason that you should obtain a boat insurance policy here is so you can protect your boat. There is always a risk that your boat could be stolen or involved in an accident. As it can be expensive to replace your boat following these situations, having insurance is quite helpful. This protection will ensure you have the resources necessary to replace your boat if a loss is incurred.

Insurance Requirements

People in Idaho may also need to have boat insurance as it can be a requirement. Those that are boat owners will need to have an insurance policy in place if they have taken out a loan as lenders will require you to carry coverage. You may also be required to maintain this coverage if you want to use certain marinas. This could be required as liability insurance ensures you can cover damages if you cause an accident.

As you are shopping for a boat insurance plan in the Sandpoint, ID area, calling The Insurance Shop USA can be a great option. Similar to other forms of coverage, boat insurance comes with some complexities. The team with The Insurance Shop USA can help you assess your needs and build a plan that is appropriate. This will ensure you stay in compliance with various requirements and your boat is fully covered.