Hands down, a personal umbrella is the best insurance purchase EVER. Imagine these two scenarios:
- You have an auto accident, your fault, and fatally wound the other driver.
- Your kid has a pool party and his friend decides to show off his diving skills. He hits his head on the bottom and is severely injured.
Once the liability limit has been reached, the insurance company is done. You're left to pay the remainder of costs such as medical bills, legal fees, etc.
Are you prepared for that? If not, then we recommend a personal umbrella. The policy works with your personal policies, such as auto and home, and will "kick in" when the liability limits on these policies has been exhausted. Standard coverage amount is $1 million, and you may have the option to purchase higher amounts.
The best part about an umbrella policy?
Average annual premium is around $175. A personal umbrella is truly a great value. Contact us to discuss further.
Related Links:
What is a personal umbrella policy? (great info from www.iii.org)
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