The answer to that question is anyone who is looking to protect their assets and livelihood, and you won’t believe just how affordable this coverage might be.
A traditional personal umbrella liability insurance policy will respond to refresh the liability coverage limits contained in an underlying homeowners, renters, condo or automobile policy, should the applicable underlying limit be exhausted in connection with a liability claim. In this way, it functions as a shield to protect your home and other assets from the potential claims of people you may injure and/or property you may damage.
In the litigious society we live in today, Blais Insurance recommends that everyone secure a personal umbrella liability insurance policy. While you may think that you don’t have that many assets to protect, it is your future earning capacity that is the asset that needs to be protected. For anywhere between $150 and $350 annually, you can purchase a $1 million personal umbrella policy.
Insurance companies do require that certain limits be maintained on the underlying homeowners and auto policies before you can purchase umbrella protection. Every case is different and we would be happy to sit down with you and review what coverage options are right for you.
For more information on how a small investment in an umbrella policy could potentially save you thousands down the road, please call Blais Insurance at 725.0070 to review this worthwhile prospect.
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