Posted: 08.08.2008
Could you afford to pay a $976,375 lawsuit against you? That is what one driver was forced to pay after his car rear-ended another automobile and injured a young girl.
The girl’s family sued and was awarded that amount for pain and suffering. It may seem unlikely that it would happen to you but it can.
Protect yourself, your family and all of your assets against soaring legal judgments. Don’t risk losing everything you own. You can not eliminate risk, but you can purchase $1,000,000, or more, of liability protection with a personal umbrella policy from ALCOS.
If you can answer “yes” to any of the following questions, you need umbrella insurance:
1. Do you own an automobile?
2. Do you own your home?
3. Do you own a snowmobile or boat?
4. Do you have a swimming pool?
5. Do you entertain or host parties?
6. Do you participate in sports activities?
If someone was accidentally injured while you participated in any of these activities you could be held liable. Don’t risk it.
The personal umbrella adds $1,000,000 per occurrence (higher limits available), over and above the limits you may presently carry on your automobile or homeowners policies.
This policy also broadens your present coverage by providing protection against hazards that are not usually covered by regular liability coverage. This coverage includes personal injury (libel, invasion of privacy, mental anguish), negligent damage (property rented to, used by, or in your care), worldwide travel protection (your umbrella covers you wherever you go).
Take a close look at your homeowners and auto insurance policies. Chances are your coverage is similar to that provided in most basic insurance policies. If so, it’s simply not enough. Most basic policies barely scratch the surface when it comes to providing the type of coverage necessary to protect against a million dollar lawsuit.
The Personal Insurance division of ALCOS has many strategies available to help protect you and your family in the event of the unforeseen. Call today to discuss the strategy that is right for you.
