PERSONAL UMBRELLA POLICY
In this era of litigation, juries are
making larger money awards than ever. Car,
Boat and House insurance policies all
have liability insurance coverage but, if there is an accident that is deemed
to be your fault, do you have adequate liability coverage limits? There
is no way of knowing the amount a jury may award an injured person! Umbrella insurance may have once been
only needed by the super wealth but today it is required for every
Liability insurance provides protection in excess of the limits on your auto,
boat and home insurance policies. Depending
on the insurance company, you can
purchase one to five million dollars of additional liability coverage
which will take over when your basic policy limits are gone.
insurance is the part of your policy that pays the injured persons expenses,
like doctor bills, physical therapy and lost wages caused by someone else’s negligence.
Liability insurance also covers legal
defense if you end up in court. When you
add up all of those expenses, the liability limits in a homeowners or auto
policy can easily be inadequate. When
that happens, your personal assets could be seized.
you purchase a Personal Liability Umbrella Policy you are obtaining additional
liability coverage without spending very much money. We
urgently recommend this policy be purchased by all of our policyholders.