Burstad Insurance

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New Richmond Insurance Agency
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        • When comparing insurance agencies,  The most important thing to consider is the staff that is going to take care of you.

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        • Burstad Insurance is an independent insurance agency. We represent dozens of top-rated companies, not just one such as Farmers, State Farm, or American Family.

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  • Locations
        • Menomonie
        • 420 Main Street E
          Menomonie, WI 54751
          Phone: 715-235-6479
          Fax: 715-235-8860
          Email: info@burstadinsurance.com

           

        • Medford
        • 1154 W Broadway Ave
          Medford WI 54451
          Phone: 715-748-6262
          Fax: 715-748-4730
          Email: info@burstadinsurance.com

        • New Richmond
        • 1225 N Knowles Ave
          New Richmond, WI 54017
          Phone:  715-246-6988
          Fax: 715-246-6965
          Email: info@nr-ins.com

        • Chippewa Falls
        • 2396 Hallie Road Ste 5
          Chippewa Falls, WI 54729
          Phone: 715-723-0600
          Fax: 715-723-0900
          Email: info@burstadinsurance.com

        • River Falls
        • 215 North 2nd Street
          River Falls, WI 54022
          Phone: 715-425-1382
          Fax: 715-425-0363
          Email: info@burstadinsurance.com

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Umbrella Insurance

Lawsuits are in the headlines every day, and it seems no one is immune to them. It is not just businesses and the ultra-wealthy who are sued; anyone can be the subject of litigation, and virtually everyone has something to lose. Whether you are hit with a liability lawsuit just out of college or once you’ve reached your retirement years, a single judgment and court costs could cost you years of hard-earned income and assets, both present and future. To preserve your future income and nest egg, talk to an independent agent at Burstad Insurance about personal umbrella insurance and how it could protect you against financial devastation.

What is Umbrella Insurance?

Umbrella insurance is stand-alone liability protection that supplements your primary liability coverage. It usually has very high limits of protection – often $1 million or more. The coverage is flexible, adding to the protection you receive through your auto, homeowners, renters, and boat insurance. After you exhaust the liability limits of these policies, umbrella insurance helps cover the excess damages and costs, up to the limitations of your coverage. Furthermore, because personal umbrella insurance is secondary protection, it generally presents inexpensive premiums that are quite affordable for the average household.

In some cases, umbrella insurance assumes the role of primary coverage when there is no liability coverage available from another policy. This coverage is typically limited to certain types of damages, such as those caused by accusations of:

  • Libel
  • Slander
  • Defamation
  • Rental damages
  • Landlord liability
  • Travel-related liability
  • And more

What to Expect from Umbrella Insurance

Though we hope you never need to file a claim, the following is an example of how umbrella insurance might work in real life:

Your 16-year old daughter is looking after your niece and nephew in the upstairs of your home. She places the infant in a rolling walker while she puts a puzzle together with the preschooler. In just seconds, the infant takes a tumble down the stairs, sustaining severe, life-threatening injuries. The child’s parents sue you for medical bills, caretaking expenses, lost wages, pain and suffering, and more. Your medical payments coverage and $250,000 homeowners liability coverage only pay a quarter of the damages, leaving you with $750,000 in additional liability. Thanks to your umbrella policy, the additional damages are covered in addition to your court costs.

Had you not purchased umbrella insurance, the family could have pursued your personal income and assets for the remaining damages, resulting in liquidations and potential wage garnishment. It also could have derailed your plans for the future, whether for your teen’s college education, the down payment on a vacation home, or even your personal retirement.

General Exclusions

Umbrella insurance policies usually include supplemental and primary liability coverage for several different types of losses. In addition to paying your legal fees if you are sued, it can also cover damages related to third-party injuries or financial losses. However, there are certain events that are excluded from coverage. Examples include your own personal losses and injuries due to a covered event, as well as the damages you are liable for due to a willful, intentional, and/or illegal act. For help understanding which types of liabilities are covered and which ones are excluded, contact our office to speak with an independent agent today.

Do You Need Umbrella Insurance? Probably.

Umbrella insurance can be one of the most beneficial types of insurance protection, yet it is often the most under-utilized and lesser known coverage available to individuals. Those who have heard of umbrella insurance may assume it is for wealthy individuals who need to protect millions of dollars worth of assets. In reality, middle-class, working families often benefit from personal umbrella insurance, too. Just one major lawsuit can wipe out a lifetime of savings or otherwise reduce a person’s ability to earn and save for the future. Could you afford to build or rebuild your nest egg if you suddenly faced a seven-figure liability judgment?

Before you make a decision about liability insurance, consider that your coverage needs do not only concern your current net worth, but also your ability to accumulate financial assets in the future. We typically recommend umbrella insurance to individuals who:

  • Plan to work and earn income in the future
  • Expect to receive a significant inheritance or windfall
  • Have accumulated significant savings and assets
  • Travel internationally
  • Plan to pay for a major expense, such as a child’s college tuition
  • Own rental properties
  • Own high-risk assets, such as a dog, pool, or trampoline
  • And more

Selecting Your Coverage

No matter what stage of life you are in or how wealthy you are, chances are you could benefit from adding an umbrella policy to your insurance portfolio. These affordable policies typically provide $1-2 million of coverage for less than the cost of dinner for two each month. It is even more affordable for each additional million dollars in protection you add – little more than the cost of a latte each month.

Shopping and applying for coverage is simple and easy when you use an independent agent at Burstad Insurance. Insurers typically require a minimum amount of coverage before issuing umbrella insurance, so we can help you review your primary liability limits to ensure they meet the standards of your insurer. We can then compare rates and coverage to help you find the policy you need at a competitive price.

For more information about umbrella insurance for Central and Western Wisconsin residents, contact our office today. We look forward to serving you soon.

Get a Quote!
Refer a Friend!
I really appreciate their friendly, prompt and knowledgeable assistance. We have been with them for years, and are consistently happy with their service.
Jeanne R.
Jeanne R.
17:46 14 Dec 22
Valorie provided excellent service and quickly found us the best insurance policy and rates available. Thank you, Burstad Insurance!
Roxanne S.
Roxanne S.
00:39 28 Aug 22
Family and Burstad worked their magic and found insurance even cheaper than what I was paying. They are very responsive when adding or changing things to a policy and they stick up for their customers when a bank may try to manipulate the home insurance for no apparent reason. Well done Burstad. I highly recommend.
Mindy A.
Mindy A.
09:30 24 May 22
Good service they work at finding you the best insurance
Jason W.
Jason W.
19:14 01 May 22
Easy to work with
Dale B.
Dale B.
00:39 08 Apr 22
Good insurance company
Carla O.
Carla O.
18:49 31 Mar 22
Easy to work with and great rates. Sent a lot of friends here. All are happy with it!
Happy Home I.
Happy Home I.
16:05 29 Mar 22
Melissa and her staff have always treated me right! Often finding better rates for me! Thanks
Dave T.
Dave T.
22:06 11 Jan 22
They are very responsive in addressing all of my insurance needs, and I always feel they are doing what's in my best interests.
Kevin J.
Kevin J.
02:40 11 Jan 22
Great place
Peter T.
Peter T.
20:32 10 Oct 21
Monte and his team are great to work with. They were extremely helpful in getting our business up off the ground and getting the needed items to be successful. I would highly recommend them for your business!
Jeremy M.
Jeremy M.
13:57 29 Apr 21
Great to work with!
Denise V.
Denise V.
18:57 12 Mar 21
Everyone here has been very helpful, knowledgeable and friendly! Whenever I contact them, they get back to me quickly and are sure to get me the best rates possible. Thank you! The Baldwins
Dawn B
Dawn B
23:02 30 Jan 21
Have had my insurance for different vehicles and homes for many years, always friendly and am very satisfied.
Randy Chico J.
Randy Chico J.
16:48 25 Aug 20
Great response time, #1 in the area
Joshua E.
Joshua E.
15:50 22 Jul 20
good business and friendly service. highly recommend giving them a call to see what they can do for you.
Dustin W.
Dustin W.
14:51 21 Jul 20
Very responsive all around good business and friendly service. Highly recommend.
Wedam Enterprises L.
Wedam Enterprises L.
14:49 21 Jul 20
Excellent customer serviceKent Elkin goes above and beyondAlso the rest of the staff is very accommodating
Lee B.
Lee B.
23:08 20 Jul 20
Prompt and courteous service. The good people at New Richmond have always replied to my queries and helped solve my problems. Thanks for seven years of good service.
Gordon D.
Gordon D.
18:25 20 Jul 20
They are professional and responsive
Barbara B.
Barbara B.
00:14 11 Jul 20
EXCELLENT customer service!! Missy Kraemer at the Medford office takes care of absolutely everything for me! No worries and best rates to be found. Highly recommend.
Mary Ellen W.
Mary Ellen W.
15:37 12 May 20
EXCELLENT insurance company! I have my personal and business insurance with Monte and have for over 20 years. When we had the tornado in Colfax in 2014, Monte called me and was at my restaurant door within an hour after it hit. Amazing service.... Thank you Monte, Penny and the whole staff at Burstad Insurance.
Rich J.
Rich J.
11:55 16 Apr 20
New Richmond Insurance consistently saves me money on my policies year after year. Excellent customer service with most of my questions answered the same day.
Valerie C.
Valerie C.
01:57 16 Apr 20
great place and nice service
Li K.
Li K.
20:20 15 Apr 20
Great place. Emily is very helpful as well as all the rest of the people I have encountered there.
Stacy C.
Stacy C.
03:06 04 Jan 20
Best prices. Best customer service!
Bill I.
Bill I.
12:49 16 Nov 19
Top notch service. Will recommend to all.
Steven G.
Steven G.
13:19 01 Nov 19
Yes! I want to tell you something. If you need a car insurance - this is the place where you will find the best offer.Have done car insurance for two trucks. The price was so good, even less than I expected.My agent was Angie. I want to say thank you for caring! She is the nicest and kindest person ever!Definitely will return for the nest year insurance
Ana B.
Ana B.
00:39 29 Aug 19
Excellent rates and service. Friendly staff and helped in a timely manner
Jason L.
Jason L.
03:56 13 Jun 19
Neil is awesome!
Alicia B.
Alicia B.
15:05 23 May 19
Very helpful agents and staff. They got me a great deal on homeowners and auto insurance.
John A.
John A.
12:01 12 May 19
I have had policies thru the Agents, at the Menomonie office.Their prompt response, patience, amazing customer service and thoroughness, is the greatest I have ever had with an agency!
Jody L.
Jody L.
01:29 10 Apr 19
This is my insurance agency. I have been treated very well and my premiums are responsible.
Mitzi M.
Mitzi M.
11:25 25 Jan 19
They are the best I have ever used. Any time you need something, they have your back. Never had an issue with the company , and I would recommend Kent Elkin to any one and everyone. Thank you for all your services New Richmond insurance agency. Been with them for 3 years now.
Natasha R.
Natasha R.
04:28 30 Nov 18
Great staff!
Valorie M.
Valorie M.
20:54 13 May 18
I have been a customer for many years and love the personal customer service experience that they provide. I know that when I call, I will get a real live person! I also know that the person I am working with will have an understanding of my history and my policy. Highly recommend! Thanks and keep up the good work!
Brian H.
Brian H.
18:21 21 Sep 17
I have been a customer for a long time and love the personal customer service experience they provide. I can reach out anytime and know that I will get to talk to a real person that has the background on my policy and will be able to help me. Thanks and keep up the good work!
Brian H.
Brian H.
18:13 21 Sep 17
Corey Burstsad Insurance is great!! Neil always goes out of way for his clients, very trustworthy and efficient.
marcy M.
marcy M.
20:19 13 Jan 17
Very friendly and helpful. Got is a great deal and we were refered there by a good friend after not being able to find what we wanted elsewhere. They made the process very easy and didn't mind us popping by last minute to get the details figured out.
Soleil
Soleil
20:52 05 Jun 16
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Why You Should Refer Your Friends and Family to an Independent Insurance Agent

Having the right insurance coverage is important, not just for yourself but also for your friends and loved ones. If you want to protect your family’s future, consider referring them to a trusted insurance agent who can help them find the right coverage. Car insurance is a necessary investment for all drivers. Auto accidents can …Read More

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