Why we all need an umbrella and not just for rainy days

Chances are you will never be sued for more than the limits of your Automobile, Homeowners, Recreation Vehicle or Boat Liability limits.

And chances are you will never be accused of defimation of character, invasion of privacy, libel, slander or other charges.  But what if you are?   Are you truly prepared?  Do you have the money in the bank when life brings the unexpected?

For not more than a few bucks a day, you can’t afford NOT to have this additional protection and peace of mind.

Stop and think of an example;

You just gave your 16 year old a car for his birthday. And one day in Ohio  the teenage driver crossed over a median while out on a drive and collided head on with another vehicle causing serious injuries.  Your now teenage driver has been found negligent and the court has ordered a 1.5 million dollar settlement in injury claims.

Umbrella2

The current Ohio underlying auto policy limits  only had 300k in coverage. Where does the remaining 1.2 million in damages get paid from?  The savings? A second mortgage? 25% wage garnishment?   If you had a  2 million dollar personal umbrella policy in force this policy would step in and pay the limits.

I must say in todays society you don’t have to be a millionaire to be sued like one. Bottom line it can happen to anyone.  Talk to your agent today about this extremely important coverage and if you need help or don’t understand give us a call as we are here to help you.

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