At other times, your most priceless asset may be yours truly.
When a disaster hits you as an income producer, a parent or just a worker who encountered one of life’s curve balls, an umbrella policy can be a bulwark. That’s especially true when the vicissitudes of life come crashing down on you or your loved ones.
What if you’re arrested for a crime you did not commit? It’s a case of mistaken identity, but the police have to take you into custody until they ferret out the facts. And sometimes the facts are wrong. One study determined around 10,000 Americans are wrongfully convicted each year.
In the meantime, you can’t work. You need cash for attorney’s fees. And sometimes the nightmare lasts for years. While it may be difficult to endure such an unexpected situation, a personal liability policy, also referred to as an umbrella policy, may be a lifesaver. A few Ben Franklins a year is a small cost to pay for a policy that pays out for an event that could change your future forever.
An umbrella insurance policy insures you above and beyond the limits of those policies and protects you in a number of situations that aren’t covered by your homeowners and auto insurance policies. Want to know more about how an umbrella policy can protect you and your family? Give us a call.