Umbrella insurance makes sense but many people who own umbrella insurance purchase it and then forget about it. But with the increased rate of inflation, housing, medical costs and other expenses, it is a good idea to revisit your policy every few years.
How do you know it's time to buy a larger umbrella insurance policy? Here are few life events to keep in mind:
- Marriage: Tying the knot might lead to a larger estate that requires greater coverage.
- Relocation: Moving up in the world can put a target on your back. Protect yourself! Ask your GEICO representative for a revised umbrella insurance quote to meet your needs.
- Changing jobs: Have you decided to start your own business? Owning your own business can be a great experience, but it can also expose you to liabilities. Obtain a personal umbrella policy to help protect your personal assets.