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Kriener Insurance

724 Bielenberg Drive, Ste 5
Woodbury, MN 55125

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Minnesota Insurance Blog

Why would I need umbrella insurance?

There continue to be many different insurance coverage forms that the typical Woodbury, MN area resident will need to have. While most people here will need a home or auto policy, people should also consider their additional personal insurance needs. One type of coverage that you should consider getting is umbrella insurance. There are several reasons why you may need to get a new umbrella insurance policy. 

Insurance Gives Covered for Significant Claims

A lot of people will want to get an umbrella insurance policy because it will give coverage for significant claims. If you are ever at fault for an accident, you may get coverage through your home or auto policies. However, these policies do have coverage limits. Fortunately, you can still get coverage for significant claims if you get an umbrella insurance policy on top of your existing policies.

Insurance Protects For Unforeseen Scenarios

You will also want an umbrella insurance policy as it can give coverage for situations that you cannot predict. While other policies cover some liability risks, there are always situations that can be hard to predict. When you have umbrella insurance, you will get broad coverage that can cover these unforeseen situations. 

There continue to be many great reasons to invest in an umbrella policy in the Woodbury, MN area. This type of insurance offers many advantages and benefits to policyholders but can be complicated to choose from. When you are interested in getting this additional coverage, you should speak with the Kriener Insurance team. The team with Kriener Insurance understands how important this coverage is, and they can help you build a policy that will provide you with the right type of coverage. 

3 Common Claims that Require Umbrella Insurance

If you don’t think that your primary insurance policies (auto, home & business) are sufficient to protect the totality of your assets, then an umbrella policy is something to consider. In short, an umbrella policy kicks in once your existing coverage amounts have been exhausted and is designed to protect your assets like home, business, cars, properties, and more from being seized if you are sued. At Kriener Insurance in Woodbury, MN, our team of insurance professionals can work with you to determine the value of your assets and compare it to your current insurance coverages. If your assets exceed your insurance coverages, then we’ll work tirelessly to find you and umbrella insurance that ensures your peace of mind.

1. Teen Drivers

If you already have or will soon have a teen driver in your household, then you’ll want to consider an umbrella insurance policy. With the risk of accidents by new drivers significantly higher than for any other demographic, it is crucial to ensure that the totality of your assets be protected in case you are sued due to an accident. If your teenage driver is found at fault, the additional coverage from your umbrella policy can be applied towards the cost of a lawyer for legal defense.

2. Dog Bites

We all love our furry friends, but the reality is that one biting incident can cause a headache for you and your dog that may result in the pet being seized. If your dog bites another animal or person, you could be on the hook for paying the other person’s medical bills, lost wages from missed work due to the injury, and even pain & suffering damages.

3. Community Volunteering

 You might be doing the right thing by helping others in your community. However, even if you volunteer through a charitable organization or church, someone could still sue you for inappropriate behavior or negligence. Some charities may help you pay for any costs associated with the lawsuit, but the individual who made the allegations could still come after you for slander. Having an umbrella insurance policy will help protect your assets in a case like this. 

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