If you have these features on your property, an umbrella policy is a must.
As a homeowner, you know that you’re subject to a certain amount of liability risk. This is why your homeowners insurance offers you personal liability protection. Unfortunately, certain home features can actually increase your liability coverage needs. Fortunately, you can secure the excess liability insurance you need with the right personal umbrella policy. If you have these special features on your property, it may be time to start shopping for an umbrella policy.
Having a swimming pool in your yard significantly increases the chances of an accident taking place on your property. Oftentimes, pools are deemed too risky, and your insurer will refuse to extend coverage. Even if your pool is covered, your coverage limits will not be enough to address the cost of a major injury or accidental drowning. This is why it’s so important to secure an umbrella policy and get the extra liability protection you need.
Whether you’re roasting marshmallows with the kids or enjoying a relaxing night with friends, it’s easy to see the appeal of a backyard fire pit. However, fire pits can be a dangerous backyard item. Review your liability coverage with your insurance agent to help you determine if any changes are necessary. This coverage may help protect you if you are found legally responsible for a guest’s injuries after getting too close to the flames or damage to someone else’s property should sparks ignite a neighbor’s garage.
If you have these features on your property, an umbrella policy is a necessity. Do you have questions regarding your personal liability or homeowners insurance coverage? For assistance with all your coverage needs, contact an insurance professional at Westwood Insurance Agency today.