Umbrella Insurance in Happy Valley, Oregon

Umbrella insurance is extra liability coverage that begins where your auto and home policy limits end. If a claim against you exceeds the liability limit on your underlying policy, the umbrella policy covers the difference up to its own limit, protecting your savings, home equity, and future wages.

Umbrella coverage is inexpensive relative to the protection it provides. A $1 million policy commonly costs in the range of $150 to $300 per year. Higher limits such as $2 million or $5 million are available, and each additional million typically costs less than the first.

Anyone whose assets or future income exceed their auto and home liability limits. This matters in Oregon because the state's minimum bodily injury limit is only $25,000 per person — a single serious at-fault accident can produce a judgment far larger than that, and you are personally responsible for anything above your policy limits.