Personal Liability Umbrella Insurance
You probably know that personal lawsuits have become increasingly common. For cases involving injury or property damage, courts are awarding larger settlements than ever before … sometimes reaching into the millions of dollars.
Even when the damage or harm was unintentional, you and your family could face devastating financial consequences from such a lawsuit. And remember: you don’t have to be a millionaire to be sued like one!
Don’t think it could happen to you? Actually, it could if you own a car or home, or enjoy golfing, boating, camping or hunting, or if you are involved in an organization outside of our profession, you could be especially at risk.
Because of its function, umbrella insurance “covers” you where your home or auto insurance liability coverage leaves off, paying for items like medical bills, lost wages, legal fees, and property damage.
With umbrella insurance you’ll have financial catastrophe protection and psychological comfort just when you need it most.
Who needs an umbrella policy?
Most likely, you do! If your assets exceed your insurance coverage, you’re not fully protected and should consider purchasing an umbrella policy.
Follow these steps to see if you need an umbrella policy:
- Add up your assets. Include savings, your home’s value, stocks and bonds, retirement monies, 401k funds and the like.
- Check your insurance policies for liability coverage limits. If your current limits aren’t large enough to cover your assets, you need an umbrella policy.
- Contact us to get a free no obligation umbrella rate quote!
We can provide you and your family with very affordable umbrella liability coverage designed to cover your specific needs up to $5,000,000. As a result, you’ll be protected even in the event of the unthinkable.