The Johnson family lived in a suburban neighborhood like many of us. One sunny afternoon, they decided to throw a backyard barbecue. The kids were playing, and the adults were chatting. Everything seemed perfect. Then, one of the children fell during a game of tag. She hit her head on a planter, but thankfully, it looked like it was just a scratch. The party went on and everyone thought all was well.
After the event and a couple of doctor visits later, the parents of the child sued the Johnsons for negligence, claiming medical expenses and emotional distress. The Johnsons contacted their insurance company. They had Homeowners insurance, which helped to cover some of the costs, but the Homeowners liability limits were not enough! High legal fees and settlement costs exceeded the policy limits. They found themselves facing a significant financial burden! Their savings and a large portion of their retirement funds were at risk.
Now, imagine if the Johnsons had a Personal Umbrella Policy. This policy would have provided an additional layer of liability protection, kicking in where their Homeowner policy left off.
Umbrella coverage will kick in after the underlying policy limits are exhausted. In some cases, an umbrella policy will cover risks not even included in the underlying policies. It's an affordable way to ensure that a single unfortunate event doesn't derail your financial stability.
Contact us today, so we can provide you with a quote on the cost of a Personal Lines or Commercial Lines Umbrella Policy. Together, we’ll make insurance easy and efficient, protecting what you've worked hard for and ensuring that you and your family are secure as possible, no matter what life throws your way.
