“One of the hardest things in life is not
being able to predict the storms that will come against us.”
Don’t be caught in the storm of “that’ll never happen to me.” Umbrella Insurance may be available at a reasonable cost to you, the value of “battening down the hatches” before the storm far surmounts the potential implications of an expected claim. Not to mention, the feeling of security and protection is priceless in itself.
An umbrella insurance policy provides additional liability coverage over and above coverage you carry on your personal insurance policies covering cars, homes, boats, etc. Most of these basic policies only provide lawsuit coverage of $300,000 or $500,000 per accident. Yet, if you injure someone seriously, you can blow those limits just in medical bills and/or lost wages. If a judgment is rendered against you for more than your coverage, you will end up paying any excess amount out of your assets and/or future income.