Umbrella Insurance

Ultimate Peace of Mind…

Who can really predict the weather? Even the pros get it wrong … a lot.

Similarly, who knows when a catastrophic accident or lawsuit could threaten to undo your life or your finances?

Umbrella insurance acts just like an umbrella, over all your other insurance policies, giving you an extra measure of protection, should the worst happen.

What is Umbrella Insurance?

Umbrella insurance is essentially liability insurance, so it does not cover your medical expenses or losses to your property (which should already be adequately covered).

Umbrella insurance is normally set up to protect you from:

• Injuries you cause in a car accident
• Injuries to someone that occur on your property
• Property damage you affect in an accident
• Property damage caused by your pet(s)
• Property damage caused by your children or other dependents
• Legal and attorney fees if you are ever sued

An umbrella policy goes beyond the limits of your current policies, especially for special types of risk. Umbrella polices, just like luggage, follow you wherever you go, even while traveling outside the country.

Everyone’s situation is different, so your agent will help you determine your needs and coverage amounts to make sure you make the right choice in an umbrella policy.

Not Just for the Rich, or Business Owners…

Umbrella policies are very affordable, since they would only be needed for very large accidents for lawsuits. Hopefully, you would never have to use it.

But anyone could have an accident on your property, and if there were immense physical trauma, debilitation, or death, a lawsuit or medical expenses could possibly exceed the limitations of your homeowners policy.  The same can be said for your auto policy, if the worst were to happen. How could you afford an extra million dollars of a jury award that is beyond your policy limits? It could devastate you financially.

From $1 – $5 million in additional umbrella coverage could save you from financial disaster. It is inexpensive peace of mind for sure.

How Affordable?

Many factors determine the cost of your policy, including the restrictions of your carrier, the amount of coverage you elect, and your risk profile and driving record.  You always save money when your umbrella policy is written by the same company as your other policies.

You’ve Seen Enough Law Shows on TV…

We live in a litigious society. Even when your insurance coverage limits are $300,000 or $500,000, there’s nothing stopping someone’s lawyer from asking for a million dollars or more in a settlement.

Why are victims prone to sue? Because the plaintiff pays nothing to start a lawsuit, juries and judges could go either way, and the reward can be high for both attorney and victim.

Either way, the cost to defend yourself in court can be very high, even if you win.

Contact us and let the umbrella policy insurance professionals at Rick Gerety + Associates help you protect yourself from financial loss from a major event.