Do you need a Personal Umbrella?

Do you need a Personal Umbrella Policy?

Art Glasgow ~ Peck-Glasgow Insurance

A common misconception is that you need a lot of money or property to need an excess liability, or personal umbrella policy.  This is very far from the truth.  In the "sue-and-sue-big" world we live in
today, all of us are vulnerable to involvement in situations where we could be found liable.  Just by owning a home, operating a motor vehicle, keeping pets or possessing a boat or other recreational items, we could become the targets of legal action and face
potentially huge judgments — in addition to high legal defense costs.

Here are a few examples of the need a personal umbrella policy:

 1. A youngster drowns in a neighbor’s pool. A jury awards $450,000 to the parents.

 2. Three people are riding in a car that is demolished.  One person killed, his wife seriously injured.  The judgment:  $650,000.

 3. A verdict of $250,000 is rendered on behalf of a child who loses an eye after being attacked by a dog on a playground.

 4. A parent transporting her son’s team to a local game in her van is involved in an accident.  Two children are seriously injured, another killed, and she is sued for several million dollars by the parents. 

COULD THIS HAPPEN TO YOU?  YES!

A personal umbrella policy expands policy complements and expands the coverage and limits of your present auto, homeowners and other primary policies you own.  Here is some of the peace of mind coverage
you’ll get with a Personal Umbrella Policy:

1.  Excess liaility coverage over your primary  policy for mishaps occurring anywhere in the world.

2. Defense Coverage!  Legal costs can easily overwhelm personal savings and other assets.  (A personal umbrella policy is really a cheap way to cover attorney costs).

3. Supplementary Payments.  For example many policies cover up to $250 per day for loss of wages or salary if you are required to attend hearings or trails.

4.  A MILLION DOLLARS OF COVERAGE.  Your personal umbrella policy typically covers you for up to $1,000,000 for each occurrence and even higher limits are available!

All this protection can be purchased for a very modest cost.  You will be amazed just how affordable a Personal Umbrella policy can be!  Have a conversation with you agent today, and see how it can help
you.