When it comes to insurance, how do you know what you need? You need more than a great price-you need advice.
Consider adding a personal umbrella policy to your current insurance coverage.
You may think your home insurance and your auto insurance provide enough protection, and any additional insurance is unnecessary. However, in today’s litigious society, even the smallest accident can result in a lawsuit with a large financial impact. An umbrella policy provides higher liability limits of $1,000,000 to $5,000,000, above your current home and auto liability limits.
Consider the following scenarios:
- Your teenager has just gotten her license, isn’t paying attention, and causes an accident on Rte. 3 resulting in multiple injuries and damages. While adding a teen driver to your auto insurance is expensive, a major accident could leave you in financial jeopardy, without the added protection an umbrella policy can provide.
- Your beloved family dog, Otis, decides the Amazon driver isn’t delivering enough dog treats and bites him. A bad dog bite can result in a personal injury lawsuit and a judgement for medical payments beyond what’s covered by your homeowners insurance.
- After a severe winter storm, your neighbor walks over to check on you and falls on ice in your driveway, suing you for the damages. A judge awards your neighbor $1 million but your homeowners insurance only provides for $500,000 in liability coverage. You’re responsible to pay the remaining $500,000 in damages, but how? Without an umbrella policy you may be left to sell some of your assets, even your family home.
- One of your guests indulges too much at your Labor Day party and causes a car accident on the way home. As the host of the party, you’re held liable in the resulting lawsuit.
McSweeney & Ricci recommends an umbrella policy be added to every homeowner’s insurance program. Accidents happen everyday and you never know what you can be held liable for. If you’re found legally responsible for bodily injury from an accident caused by you or a young driver on your auto policy, property damage, and/or legal fees, a personal umbrella helps keep you from financial jeopardy.
Contact your McSweeney & Ricci account manager to discuss protecting your assets and your family’s lifestyle, with personal umbrella insurance.
McSweeney & Ricci helped me get a quote and insurance for my new vehicle in just a couple of minutes…If you haven’t contacted them yet, what are you waiting for!!