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Protect Yourself with a Personal Umbrella Policy

umbrella insuranceMany people may feel they have adequate limits at $300,000 for their personal liability and $500,000 for their personal auto liability. However, the question you must ask yourself is this: Are my personal liability and auto liability limits enough to protect my personal assets from a catastrophic liability loss?

The answer is probably no, in today’s litigious environment.The following are examples of actual claims that exceeded $1 million in their payout of personal or auto liability:

  • Insured collided with a motorcycle, causing fatal injuries to the driver of the motorcycle ($2 million).
  • Insured struck an unlighted barge with his watercraft, triple fatality ($1.5 million).
  • Insured’s teenage daughter went off the road, causing the auto to flip and ejecting all occupants ($5 million).
  • Claimant fell down the insured’s stairs ($1.5 million).
  • Claimant’s son drown in insured’s swimming pool ($2 million).

There is an easy solution: a Personal Umbrella policy. This policy has an average price between $150-$200 for a $1 million limit. A Pesonal Umbrella policy can provide you with additional liability limits up to $10 million and will protect your personal assets from a catastrophic liability loss.

Call Reno Insurance today to discuss adding a personal umbrella policy!

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Full range of Automobile and Motorcycle, Motorhomes and Boats Insurance packages to protect your investment.

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