You’ve got a nice home, two cars and steady jobs. Life is good. That’s why it’s a good idea to look into umbrella insurance, which goes beyond what your home and auto policies cover. An umbrella policy can provide an additional layer of protection, giving you broader coverage if you’re sued and peace of mind knowing you’re protected.
A personal umbrella policy is a great way to protect yourself from a lawsuit that not only can impact your current assets, but your future earnings as well. Unfortunately, everyone is a target for a lawsuit. The simple fact is that in today’s lawsuit-happy culture, the unfortunate scenario of being sued for damages that exhaust your other policy limits is a real possibility. Ask your agent today about a personal umbrella policy.
With nearly every state in the country practicing financial responsibility laws, this makes every driver financially responsible for bodily injury, property damage and potential loss of income claims that may come as a result of a motor vehicle accident.
Similarly, homeowners need to protect themselves from a liability claim. Whether you’re hosting a party and serve too much alcohol, have a slip and fall accident on your sidewalk or a dog bites a neighbor, you can be held liable for medical bills, rehabilitation programs and lost wages.
Be sure to ask your insurance agent if you:
- Conduct business activities from your home
- If you’re in the farming business
- If you own other vehicles such as boats, motorcycles or RVs
- If you own other vehicles, property or aircraft that may be covered on another insurance policy
There are many reasons to talk to your insurance agent about an umbrella insurance policy. If you have questions, please contact us.