Renters, Have You Considered Umbrella Insurance?

Renters and Umbrella Insurance Staten Island NY
Posted on: September 28th, 2015

A few reasons why renters might want to get umbrella insurance coverage.

It’s a common misconception that renters don’t need much insurance. Certainly, you can skip the homeowners insurance policy, but that doesn’t mean you should just go through life without protecting yourself!

On top of the renters insurance policy you need to protect your personal property and your liability, you might want to also think about umbrella insurance. Here are just a few reasons why you might want to consider this type of liability coverage.

  • It’s Affordable. All too many people pass on this extra layer of protection because they think it’s going to be pricey. After all, the $1 million of coverage the minimum umbrella policy offers sounds like a lot of money! In fact, though, this type of coverage is very affordable. Most people can even cover the cost by simply increasing their auto insurance deductible from $250 to $1,000.
  • It Gets You Peace Of Mind. Not everyone needs umbrella insurance, but if you have assets you want to protect this is a coverage you should consider. Say someone trips in your apartment and sues you. They could take you for your entire savings and still garnish your wages! Fortunately, you can avoid this type of financial trouble with umbrella insurance.
  • It Won’t Just Cover Your Rental. Your umbrella policy goes with you wherever you go. That means that while it does protect you at home, it can also cover you out on the road. If you cause a four-car pileup, your umbrella policy can pick up the rest of the tab once you hit the limits of your auto insurance policy.

If you would like to learn more about how a New York umbrella insurance policy can protect you, contact The DiForte Agency in Staten Island today!

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