Imagine what it would be liked to be saddled with a debt you can't clear for the rest of your life. I know of people in exactly that position after a disastrous incident, and it's not because they weren't insured.
It was because they didn’t have enough insurance.
Here's the problem: Every day, American courts and juries are making lawsuit awards that go way beyond anyone's expectations for things like injuries, lost wages, medical costs, property damage, libel and slander, and several other personal liabilities.
Most people on the receiving end of these awards thought their homeowners or auto insurance would protect them but, with high settlements and soaring legal costs, their coverage won’t stretch far enough.
Now, I'll let you in on a little secret: You can easily avoid this risk with low-cost protection called Umbrella Insurance
OK, you may already know that. The point is that for around 50 cents to a dollar a day (as a very rough average), umbrella or excess liability insurance
as it's sometimes called, kicks in when the protection from your regular policy is exhausted.
So, while your homeowners
or renters insurance
might provide, say, liability protection of up to $300,000, an umbrella policy can add between one and 10 million dollars of protection. And believe me, it's not unusual for settlements and legal costs to exceed that $300,000 figure.
Umbrella insurance also protects you against some risks that may not be covered on your standard home or auto policy.
Ready to talk umbrellas?
Even if you already have coverage, as many of our clients do, it's worth contacting me for a quick review to make sure your protection is adequate.
My team is always ready to discuss any aspect of your insurance needs -- via email on the phone or face-to-face.
Just call us.