When getting the right amount of umbrella insurance coverage, you want to make sure you’re considering all the potential risks and liabilities that could occur. You don’t want to leave yourself or your family underprotected, but at the same time, you don’t want to overpay for coverage you may not need. That’s why working with an experienced agent from Fuhriman Insurance Agency in Boise, ID is essential – we can help you get the right amount of protection.
What is Umbrella Insurance?
Umbrella insurance provides extra liability coverage beyond what a homeowner’s policy or auto policy covers. If someone sues you for damages beyond what your current policies cover, an umbrella policy will provide additional protection for these losses up to its limit. This type of coverage is often used when liability claims exceed the limits of a person’s existing policies, such as auto and homeowners insurance.
How Much Coverage Do I Need?
It depends on your individual situation, but generally speaking, most people should consider getting at least $1 million in umbrella coverage. This level of coverage will protect you if someone sues you and wins a judgment against you that exceeds your existing homeowners or auto policy limits.
When deciding how much umbrella insurance coverage to get, there are several factors to consider, such as your income level and assets owned. It’s also important to consider any high-risk activities or hobbies, such as skiing or boating, that could increase your risk for liability claims.
For more detailed advice about how much umbrella insurance is right for you in Boise, ID, contact an experienced agent at Fuhriman Insurance Agency. We can help determine what type and amount of protection fits your situation.
When renting an apartment or home in Boise, ID, renter’s insurance is one of the most important considerations. So what exactly is renter’s insurance, and do you need it in Boise? Let’s find out.
What Is Renters Insurance?
Renter’s insurance provides financial protection for tenants renting a home or apartment. It covers losses to personal belongings because of theft, fire, smoke damage, water damage, vandalism, and other disasters. It also provides liability coverage if someone is injured while on your property. Besides this basic coverage, many policies include additional coverage, such as medical payments for injured guests on your property.
Is Renters Insurance Required?
No-renters insurance is not required by law in Idaho; however, most landlords will require their tenants to have a rental policy before they allow them to move into their rental unit. Even if it isn’t required by law or your landlord, having renter’s insurance can be a good idea because it provides financial protection from any damage that may occur during your tenancy. Your Fuhriman Insurance Agency representative can help you find the right coverage for your needs and budget.
The Benefits of Renters Insurance
Renter’s insurance can provide various benefits for tenants in Idaho, from financial protection to peace of mind. The most crucial benefit is financial protection. If your belongings are damaged or stolen, renter’s insurance can help you replace them without paying out of pocket.
To learn more about renter’s insurance policies and how they might benefit you as a tenant in Idaho, contact Fuhriman Insurance Agency today! We would love the opportunity to answer questions you may have about renters’ insurance policies and help you choose the best option for your needs!