Low cost, big benefits5 of 7Given the advantages of umbrella coverage, which include shielding you from claims of slander, libel and invasion of privacy, Darras believes it more than justifies the cost, even for renters on a budget.For those who don't know if they can handle an extra bill, Darras suggests adjusting your other insurance coverage levels and buying the umbrella policy from the same company to get loyalty and multipolicy discounts."People will say, 'How can I afford another policy?' Raise the deductible on your auto from $250 to $1,000, and you capture the premium for $1 million worth of umbrella."More On Insurance:Insurance for auto, home and lifeInsurance newsCreate a news alert for "insurance" Related Articles:Liability storm? Get an umbrellaRenters, think like a landlord8 tips for home insuranceRelated Links:Rental query hurts credit?Nothing owed to rentersRent vs. buy calculator advertisement
Given the advantages of umbrella coverage, which include shielding you from claims of slander, libel and invasion of privacy, Darras believes it more than justifies the cost, even for renters on a budget.
For those who don't know if they can handle an extra bill, Darras suggests adjusting your other insurance coverage levels and buying the umbrella policy from the same company to get loyalty and multipolicy discounts.
"People will say, 'How can I afford another policy?' Raise the deductible on your auto from $250 to $1,000, and you capture the premium for $1 million worth of umbrella."
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