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Senz Redieske Insurance Agency, Inc.

630 E Grand Avenue
Beloit, WI 53511

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Do You Need Umbrella Insurance? How Can You Tell?

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If you have a lot of assets, you may be considering umbrella insurance for financial protection. The more you know about umbrella insurance, the easier it is for you to decide whether this is the right type of insurance for you.

The professionals at Senz Insurance Agency Inc., serving Beloit, WI, can help you make a choice. We work with many insurance carriers and can help you find a policy that meets your needs.

What Is Umbrella Insurance?

Umbrella insurance is a type of insurance that offers extended liability coverage. Umbrella insurance can extend liability coverage on an auto insurance policy, a home insurance policy, and other types of insurance. If you are sued for more than the liability coverage in your homeowners or auto insurance policy, umbrella insurance will kick in and offer additional coverage.

Who Needs Umbrella Insurance?

People who have many assets are often those who are most interested in umbrella insurance. If your assets are greater than the coverage amounts in your home and auto insurance policies, then you may be a good candidate for umbrella insurance.

People who are at higher risk of being sued may also be interested in umbrella insurance. For example, if you have a pool or a trampoline at home, then umbrella insurance may be a good option for you.

Shopping for Umbrella Insurance? Contact Us

If you’re shopping for umbrella insurance, the insurance representatives at Senz Insurance Agency Inc., serving Beloit, WI, can help you. Our insurance experts are available to answer your questions and give you information about umbrella insurance policies.

We work with many carriers and can shop around until we find an umbrella insurance policy that meets your needs. Call to speak with one of our insurance experts. 

Life Changes that Call for Changes to a Life Insurance Policy

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A life insurance policy is an excellent way for any Beloit, WI, resident to provide for family and loved ones after passing away. However, purchasing a policy is not a one-time task. You will likely need to update your policy periodically to ensure it aligns with your current needs and circumstances.

Relational Changes

If you have gotten married or had children since purchasing life insurance, it is essential to update the policy to ensure the financial needs of your immediate family members are covered in the event of your passing. If you get divorced, you should update the policy promptly to name new beneficiaries. Other relational changes that may require updating your life insurance include adoption, remarriage (especially if you become a stepparent), or the passing of family members.

Financial Changes

As your career progresses and your financial situation improves, you may want to increase your benefit amount to provide greater security for your loved ones. If you take out a large loan to buy a house or start a business, you should ensure your life insurance policy covers the payments so your family does not have to worry about them. Conversely, if your financial situation worsens, reducing your benefit amount can help lower your overall expenses.

Need Help? Call Senz Insurance Agency Inc. for More Information

Senz Insurance Agency Inc. serves customers in and around Beloit, WI, offering a variety of term and whole life insurance policy options to meet the needs of people of all ages and backgrounds. Contact us if you need to update your policy or purchase a new one, and our team will help you find the policy that best suits your needs.

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