In-ground pools are a common feature in Oregon homes, and for a good reason—they’re a lot of fun. But if you have one, you need to be aware of the potential liability risks. That’s where umbrella insurance comes in.
What is an Umbrella Insurance Policy in Portland, OR?
An umbrella policy provides liability coverage that goes above and beyond the limits of your homeowner’s or renter’s policy. For example, if you’re held liable for an accident that causes $100,000 in damages, and your homeowner’s policy limit are at $500,000, your umbrella policy would provide the additional coverage needed to pay the claim.
A Choice One Insurance Inc. agent can help you determine if you need an umbrella policy and how much coverage you need.
Why You Need Umbrella Coverage With an In-ground Pool
An in-ground pool can increase your liability risk for a few reasons. First, if someone suffers an injury while swimming in your pool, they may hold you responsible. Second, if your pool is accessible to neighborhood children, they may injure themselves while playing in it. Third, if an injury occurs from a fall on the pool deck, they could hold you liable.
An umbrella policy can provide the extra protection you need in these situations. It can also cover you if you’re sued for libel or slander or if an injury happens on your property.
How Much Coverage Do You Need?
The amount of coverage you need depends on a few factors, including the value of your assets and the size of your pool in Portland, OR. A Choice One Insurance Inc. agent can help you determine the amount of coverage you need. Contact us today to get started.