An umbrella policy protects above and beyond the limits of your home or auto insurance.
Who needs an umbrella insurance policy?
Anyone who wants to protect their personal assets should have an umbrella policy. With the costs of lawsuits increasing, you need to protect your family. An umbrella is a perfect way to preserve your current assets as well as your future earnings so you can maintain your livelihood and lifestyle in the event there is a loss and you are sued. Consider the following questions to determine if your are a good candidate for an umbrella policy:
- Do you own a home?
- Do your children drive?
- Do you own a motorcycle?
- Do you entertain guests at home?
- Do you have playground equipment?
- Do you own a car?
- Do you own a dog or other animals?
- Do you own snowmobile?
- Do you provide alcohol to guests?
- Do you have children?
- Do you own a boat or Jet Ski?
- Do you own any recreational vehicle?
- Do you have a swimming pool?
Real life example:
Your son-in-law is cutting high grass on your property when the tractor tips over and crushes his left leg. The settlement is for $500,000, your homeowners insurance covers $300,000 the umbrella policy would cover the other $200,000.
Did you know that an umbrella policy can provide an additional discount on your home and auto policies? Contact us today and protect your assets with an umbrella!