You Don't Have To Be A Millionaire To Be Sued Like One!

That is why a personal umbrella policy (also known as excess liability) must be an important part of your personal insurance program. A personal umbrella policy provides you with additional liability protection for damages which you or a member of your household may be held legally liable.

Here are some examples of how a personal umbrella policy can ensure your continued financial stability:

Personal Liability

While visiting your home, a neighbor's child is bitten by your family pet. Although the injuries may not appear serious, you could still be sued for an amount that could easily exceed your homeowners liability limit.

Traffic Accident

While driving home from a business trip you momentarily lose concentration and cross the centerline striking an oncoming car carrying a young family. An accident such as this could result in a massive lawsuit.

If you have a teenage driver in your household, a personal umbrella policy is essential due to their lack of driving experience.

Personal Injury

You purchase a trampoline for your family's enjoyment unaware that these items can be a major source of liability to invited and uninvited guests regardless of your most thorough precautions.

Watercraft

A fun day on the lake could turn disastrous when you are momentarily looking at the skier you are pulling and hit a swimmer in the water. An accident like this could result in financial ruin.

Most homeowners and automobile insurance policies only provide $100,000 to $500,000 in personal liability. By purchasing an umbrella policy you are increasing your protection by an additional $1,000,000 to $5,000,000 (higher limits may be available).

A typical $1,000,000 umbrella policy for a family with 1 home and 2 cars is approximately $225.00 a year. That is a small price to pay for the added protection you will receive. We recommend that everyone consider purchasing a personal umbrella policy.

For more information about how Reynolds Insurance can help you protect yourself and your family from large lawsuit judgment, click here.

This website provides a basic summary of the insurance products offered by Reynolds Insurance. It is not a statement of contract and coverage may not apply in all areas. For a complete description of coverage, please read the insurance policy, including all endorsements.