Umbrella insurance may not be the type of insurance plan that most people recognized, but it certainly has nothing to do with rain or umbrellas. It is actually for people that want extended insurance coverage for limits that are not covered by current insurance policies. If you are considering umbrella insurance and you are from the Astoria, OR, Linda Dugan Insurance may have exactly what you need.

Are you worth it?

In most cases, umbrella insurance is useful for high-net-worth individuals that desire coverage that is much higher than the norm. It is also for people that have the potential to lose a lot of money and assets if there is ever a lawsuit. One must consider what they do with their property, how many people they interact with or do business with, and the specific risks that their lifestyle holds.

What if I don’t have any assets?

If you are in a position that the judge awards a significant amount of money against your favor, it won’t matter what you currently have. A judgment against you may eat your future paychecks and assets until the amount is paid off. This can even affect your non-liquid investments. If you believe that you have a lifestyle in which such a thing is possible, you can still benefit from umbrella insurance.

In any case, the need to have umbrella insurance is such a dynamic matter that must be assessed for each individual. If you live in the Astoria, OR area and you have an interest in umbrella insurance, it is a wise idea to consult with Linda Dugan Insurance.

Employers are obligated by law to provide health insurance for their employees, under certain conditions. In efforts to still save money, they sometimes impose rules on the health insurance policies which can be frustrating to their employers.

One such rule that many employers have is that if the employee is married, and the spouse is eligible for health insurance because of the spouse’s employment, they will refuse to allow the spouse to be on the health insurance they offer. This can be more expensive for the employees, who are forced to purchase separate individual health insurance policies. However, you still need to consider the premiums and how much health care coverage you are likely to use in order to accurately see which will cause you to have the most out-of-pocket expenses.

If you are in Astoria, OR and purchase your health insurance policy through Linda Dugan Insurance, you will discover that you have choices about how you set up your policy. You can choose the plan that best suits your needs and your budget, whether you want a family plan or an individual one. You will also have choices based on what kind of insurance and deductible you want, and how you want to pay.

If you already have an individual health insurance policy and want to add your spouse, you may have to wait until the next open enrollment period even if you have private insurance, depending on what your contract says. Besides open enrollment, you can always add your spouse if you have just gotten married or if your spouse has recently lost health insurance. If you would like to know your options in Astoria, OR, the friendly agents at Linda Dugan Insurance would be happy to help you.