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What An Umbrella Policy Looks Like For You!

Blog Post by Personal Lines Account Manager - Kathryn LaBaire

What an Umbrella Policy looks like for you!

How many times are you out and about, and then it starts raining. You might think, well I have a jacket, but then it starts down pouring and you wish you had packed an umbrella. An umbrella policy works the same way. Umbrella policies are an added layer of protection for you and your family. Let’s face it, we all have a lot to lose now a days.

What does an unexpected loss look like?

  • Home destruction
  • Automobile accidents
  • Injuries caused by pets or children
  • Boating accidents
  • Social media security breech
  • Various activities like sports or vacations that can all lead to unforeseen damages

What kind of damage can occur?

  • Injuries
  • Property damage
  • Slander
  • Legal expenses
  • Wrongful death

What happens next?
When initial homeowners or auto policy limits are exhausted, there are other ways to seek retribution. This can be taking your home, retirement funds, investments, properties, and even future earnings.

This is where Umbrella policies come in.

Umbrella policies provide an extra layer of protection. Carriers typically offer limits to provide between $1,000,000 to $5,000,000 of excess coverage. However, higher limits are available.

How much coverage do you need?

The way we calculate what value Umbrella Policy would be appropriate for you, is by taking into account your current assets, and combining that with your future earnings potential. Quotes can be quick, easy and affordable. If you would like to discuss the best plan for your umbrella policy, please call 800-800-8990 or visit us at www.riskadvice.com to schedule an appointment. You can also reach out directly to receive a complimentary risk assessment.

Kathryn LaBaire

508-289-4134

Kathryn@riskadvice.com