Umbrella Insurance FAQ

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In order to protect your family and your investments, it’s imperative to understand the different types of insurance products that are available. At Einstein Insurance, serving Portland, OR, we strive to provide our clients with solid information so that they can make the best insurance choices. Keep reading to learn more about umbrella insurance and how it can benefit you. 

What Is Umbrella Insurance?

Umbrella insurance is a unique type of insurance product that can be customized to suit your particular needs. An umbrella policy is designed to fill in gaps that could be left by other policies. An umbrella policy can be customized to fill in insurance gaps from auto policies, commercial insurance, health insurance, homeowners insurance, and more. 

How Does An Umbrella Policy Work?

If you file a claim with an existing insurance policy and that policy does not sufficiently cover the number of expenses you are liable for, an umbrella policy can kick in to cover further expenses. This is helpful when a claim exhausts another policy. This can happen in situations where damages or liabilities were far greater than anticipated. 

Umbrella policies are especially helpful in cases in which you might be found liable for someone else’s injuries. 

Who Should Get Umbrella Insurance?

An umbrella policy can be helpful for anyone who wants to protect their assets and investments. For those who have a lot of assets or investments, an umbrella policy is a smart way to always ensure those are safe from unexpected expenses. 

If you have extensive property or run a business where others may have opportunities to file liability claims against you, an umbrella policy is one way you can protect yourself. 

If you would like to learn more about umbrella insurance, or any of our other products, please contact us at Einstein Insurance serving Portland, OR. 

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Exploring The Different Types Of Life Insurance Policies

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Einstein Insurance serves the Portland, OR community. We are an independent agency. We offer our clients custom insurance policies designed to minimize risks. Finding the right insurance policy can be complicated. That’s why we take time to assess our client’s needs on an individual basis so that they can find coverage that specifically aligns with their personal situation. We have partnerships with multiple carriers throughout the Pacific Northwest.

Exploring The Different Types Of Life Insurance Policies

You may strive to make the most of every day as a Portland, OR resident. However, you have to plan for the future at some point. Accidents can happen at any moment. In the unfortunate event that something was to happen to you, life insurance allows you to leave something in place for your loved ones. The policy helps your family finalize your affairs and may help with funeral arrangements. If you are a business owner, life insurance can help cover the future of your business and ensure that there is a smooth transition. It also allows you to leave something behind for your children.

Term life insurance is a common option. This allows you to maintain coverage for a specified period of time. The majority of term life policies provide coverage for 15-20 years. Whole life insurance is another option. Whole life insurance covers you throughout your entire lifespan. The policy ensures that you will have coverage in place to assist with your funeral arrangements after you have passed away.

You can also find coverage through your employer. Group life insurance policies provide coverage to the entire workforce. Individual life insurance policies provide more flexibility.

Einstein Insurance Will Help You Cover Your Assets

Visit our website to learn more information about life insurance.

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7 Auto Insurance Terms You Should Know

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Making Sense of Your Auto Insurance Policy

Your auto insurance can sometimes be confusing because the terminology is foreign and doesn’t make sense. Fortunately, once you understand some key terms you will be able to utilize your auto insurance fully. Working with a reputable insurance company will help you get the information you need about your auto insurance.

The dedicated team at Einstein Insurance located in Portland, OR has many years of experience providing quality insurance solutions for your home and auto.

Key Auto Insurance Terms

Understanding your auto insurance does not have to be difficult. Here are 7 key auto insurance terms you should know:

  • Liability – Basic insurance that covers damages if you cause a crash. Legal expenses may be covered as well if you are sued.
  • Deductible – Amount required for you to pay out of pocket before insurance coverage kicks in.
  • Collision – Covers your vehicle if you hit objects or there is an accident. This is different than comprehensive which picks up where collision stops.
  • Full Coverage – Includes liability, collision, and comprehensive insurance in one policy.
  • Gap Coverage – The difference between the dollar value and loan balance is paid when your car is stolen or totaled.
  • Medical Payments Coverage – Pays medical expenses when you and your passengers are injured regardless of fault.
  • Limit – This is the maximum amount your insurance will pay in an accident.

Quality Insurance Coverage in Oregon

Contact us at Einstein Insurance of Portland, OR to speak with one of our representatives about your auto insurance options. We are happy to discuss the ins and outs of your policy so you fully understand it. Our agents look forward to working with you.

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How Home Insurance Protects You

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Home insurance is an important way to protect both you and your home. It offers a lot of financial protection in the event of a wide range of accidents and disasters. If you need home insurance, give us a call at Einstein Insurance in Portland, OR to find out more. 

Protection for Your Home

Your home itself represents your largest investment. It’s vital that you keep it protected with home insurance because so many things can go wrong. Disasters are becoming more common, and accidents and other incidents can and do happen that can affect your house. When you have home insurance, you have a way to pay for the damages done, even if the entire house needs to be rebuilt. Without this protection, most people would not be able to pay for major repairs and would be in a terrible financial situation. 

Coverage for Your Belongings

Next to your home, your next largest investment is often in the items inside your home. They can collectively add up to a lot more than you think. When an accident or disaster ruins your things, it would be extremely difficult to replace them all without a home insurance policy. With one of these policies, the insurance can pay for the items to be replaced so that you don’t have to come up with all of the money yourself. 

Liability Protection

Another way that home insurance protects you is by offering an amount of liability coverage. If someone were to have an accident in your home, and they were to become injured, you could be liable for all of the resulting bills. With home insurance, these bills are paid for by the policy instead of from your pocket. 

Get Your Home Policy

If you own a home and need insurance for it, call us at Einstein Insurance in Portland, OR to get started.

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This is How Commercial Insurance Protects Your Business

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When you start a business in Portland, OR, you have to be ready to contend with numerous risks surrounding your business. It could be an injured employee, contractual disagreement, theft, and so on. Whichever the case, business insurance from Einstein Insurance ensures that you run your business smoothly without worrying about risks that can tumble your business. 

Still not sure if commercial insurance is a worthwhile investment for you? Here is how this coverage protects your business.

Liability protection

Business insurance can save the day in case of a liability claim. For instance, if a customer slips while on your business premises, commercial insurance covers the ensuing liability claims, including the medical and legal costs. Besides, commercial insurance shields your business against property damage and advertising injury liability claims.

Protects your assets

Business insurance keeps your business running even after a disaster. It covers your building and other assets when the unthinkable happens. This way, you don’t have to start from scratch when disasters strike. 

Protects your employees

While buildings and equipment are essential, your most valuable asset is your employees. With this in mind, you should protect your workers against illnesses and injuries sustained in the workplace. This way, you improve productivity and save your business financial losses.

It keeps you in compliance with the law

Business owners in Oregon are required to purchase worker’s comp insurance and commercial auto insurance. If you run your business without these coverages, you could face numerous civil and criminal penalties. 

Buy commercial insurance in Portland, OR

No business is similar to the other. For this reason, at Einstein Insurance, we don’t provide a one-size-fits-all commercial insurance policy for businesses. Instead, we tailor-make business insurance to meet your unique business needs. Contact us today for an affordable quote.

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