It’s a sad fact that lawsuits are getting more common and more expensive. Even if you never lose a multi-million-dollar court case, just preparing for the first phase of a lawsuit can easily run up legal bills in the tens of thousands of dollars.
Even worse, no one knows in advance what specific event may be the one that triggers that kind of lawsuit in their life. Will it be someone injured:
- In a car accident – whether it’s you driving or someone you let drive your car?
- At your home – through what seems at the time as a simple trip, or something happening around the pool or on the trampoline?
- Online – losing their job or reputation because of something you or a family member say on Facebook or a blog, whether or not you even realize the potential impact?
A Personal Umbrella Insurance Policy (subject to exceptions and limitations, of course) can cover not just the jury damages or settlements in these types of cases, but also the legal costs to defend them.
Without a personal umbrella policy you may be stuck settling a case you might have won simply because you don’t have the money to pay the lawyers to fight it out.
Don’t put yourself at that risk. We’d be happy to refer you to a great independent insurance agent who can make sure you have the coverages you need.