If you are a homeowner, you know you need insurance on your home and auto. Business owners will need liability, property, and workers’ compensation policies. Homeowners and business owners in Federal Way, WA, can contact Hart Insurance to answer any insurance questions. We’ve been working with home and commercial clients since 1967.
If you want additional coverage above and beyond the limits of your standard insurance policies, you can do so with umbrella insurance. The purpose of umbrella insurance is to provide extra coverage for amounts that exceed your policy limits. Homeowners with large estates, businesses with multiple buildings, or large fleets of vehicles can benefit from umbrella insurance. An experienced insurance agent can help you decide whether you need umbrella insurance.
The Origins of Umbrella Insurance
You may wonder about the origins of umbrella insurance. According to the International Risk Management Institute, the concept dates back to the late 1800s. The idea of umbrella insurance began after the 1880 passage of the Employer Liability Act. Despite adequate insurance coverage, businesses were concerned with their growing out-of-pocket expenses. Early versions of umbrella insurance have emerged and evolved since then.
Improvements and revisions to the original versions of umbrella insurance have continued. In the 1960s, these policies were first called “Umbrella insurance,” and they began to gain popularity with homeowners and corporate clients. The future promises to continue revising the concepts of umbrella insurance.
Call Hart Insurance for Umbrella Insurance Quotes Today!
You may not need umbrella insurance, but every person or company needs some insurance to protect your interests. Personal and commercial clients in the Federal Way, WA, area can talk to one of our experienced agents at Hart Insurance. Call us for an appointment today so you can be confident about all your insurance needs.
