EVERYONE with assets, (of any kind) needs to have an umbrella policy! Imagine paying for a lawsuit for the rest of your life, and losing all your assets in the process. Scary.
I recently ready this article in The NY Times. I had previously struggled with finding ways to impart to our clients just how valuable this coverage was. The article made everything more clear. It provided me with a concise resource for my customers. Providing just the kind of scenarios or case studies I was looking for.
Read it yourself, and make your own determination. As for me, I’m convinced every homeowner, business owner, and person with family needs this valuable coverage!
- What is an umbrella policy? How much coverage do I need? (insurance.com)
- What happens when your liability insurance coverage falls short? (melrichardson.wordpress.com)