We live in a fast pace world, our homes and cars are costing more each year. Medical costs are skyrocketing. Obtaining a Personal Umbrella can protect you from financial devastation due to an at-fault accident or a devastating fire that destroys not only your home but your surrounding neighbor’s homes as well. If you’re found to be at fault for the auto accident or the fire of your neighbors home you could have to pay out out for the damages. Some Personal Umbrella policies can provide you additional coverages should you or your family become seriously injured due to the actions of another driver who is either uninsured or underinsured and unable to cover the injuries or damages you incurred. Your normal Auto or Home policies may be great policies but are simply not designed nor contain enough coverage limits to pay for these expensive and tragic events.
A Personal Umbrella kicks into play should you suffer a claim beyond the coverage limits of your existing Auto or Home Insurance Policies. In selecting the Umbrella, you may have multiple coverage limits options. I highly encourage you to have an in-depth discussion with your Educated and trained Insurance Agent so you can determine what your limits should be. Why? Because your risk may be much different from your neighbors. Not having the proper coverage and having a tragic accident or disaster befall you without a Personal Umbrella can result in losing everything you have worked so hard for. Should the Court determine you to be at fault, that judgment can have devastating financial results and can impact you potentially for years to come. The cost varies and coverage amounts vary based on your needs and risk. Please consult your Insurance Agent for a proper discussion of what your needs are. If you have any questions or wish to purchase a Personal Umbrella you can call me Pete at Pickett Insurance & Financial Services at 480-302-5313.