February 24, 2018
CAI Insurance Agency

Catastrophic Personal Liability Insurance

Miscellaneous - IMA801.jpgMany people believe that Personal Umbrella Coverage is expensive and designed only for the wealthy. The truth is - any of us can be involved in a catastrophic auto accident and find ourselves on the wrong side of a lawsuit. Personal Umbrella Policies can be surprising affordable - premiums can start at less than $15 per month. That's $15 PER MONTH for $1,000,000 in additional coverage designed to protect you against catastrophic lawsuits. Can you afford NOT to have this kind of peace of mind for just $15 per month? 

Umbrella Coverage is Highly Recommended in the Following Situations:

  • High net worth families and individuals:  Obviously wealthy people are attractive targets for people who believe they have been injured - AND their lawyers
  • Homeowner's with pools and trampolines:  Are the neighborhood kids in your back yard while you're on vacation? Do your children's friends have an "open invitation" to use the pool? Does the gate to your pool close and lock EVERY time? Pools and trampolines provide an attractive distraction to children and teenagers and occasionally bad things happen.
  • Families with boats, ATV's, jet ski's, etc.:  Accidents happen on the water. A personal umbrella can help make sure an accident doesn't bring financial hardship to your family.
  • Owners of rental property:  Do you really know what your tenants are doing? If someone is hurt on your property they WILL try to hold you responsible.
  • Professional households:  Attorneys, doctors, CPA's, etc. are perceived to have deep pockets by default. A personal umbrella protects you against suits in your personal life they way your professional liability policy protects you for your work.
  • Not-for-Profit Volunteers:  You may be held responsible for your work as a volunteer if someone is injured.
  • Sales Professionals:  If you're putting a lot of miles on your car, you should consider a personal umbrella. The more you're on the road, the more likely you are to be involved in an accident, and the more likely others involved will allege the accident is your fault.
  • Families with young drivers:  The question is not if they "have an accident"...it's "when and how bad"?