UMBRELLA POLICY
PROTECT
AGAINST
RISKS WITH
AN UMBRELLA
POLICY
I
n the event that someone is injured
on your property and you are found
legally responsible, you could be
faced with a costly financial burden.
In fact, without a personal umbrella
liability insurance policy, any expenses
beyond the limits of your standard policy
are your responsibility. This applies to
your homeowners, renters, automobile
and watercraft insurance policies.
Personal umbrella liability insurance
provides an extra layer of protection
over your personal assets for when your
standard liability coverage is exhausted.
ENGAGING IN EVERYDAY ACTIVITIES
CAN PUT YOU AT RISK FOR A LAWSUIT.
Simple things like having a swimming
pool or entertaining guests in your home
can increase the chance that someone will
get injured and sue you. To minimize your
risk, consider a personal umbrella liability
policy.
WHY IS A PERSONAL UMBRELLA
LIABILITY POLICY IMPORTANT?
It works to fill the gaps in your coverage
and provides the following benefits:
•
When litigation ensues, it’s typically
for a large amount. If you get into
a car accident and injure several
people, you could be sued for millions
of dollars, well beyond the limits
of your automobile policy. You can
also be held responsible if your dog
bites someone, if your child injures
another kid in a fight at school or if
a handyman hurts himself at your
home.
• Umbrella policies cover legal fees
because the insurance company
assumes the risk, not you.
• Coverage is inexpensive and easy to
obtain. Just give us a call to add it on
to your current policy.
•
You’ll have peace of mind knowing
that you are covered in case of a fluke
occurrence.
HOW MUCH COVERAGE DO YOU NEED?
Take into consideration your total
personal assets and your potential for
personal risks when determining how
much coverage you need. A wide range of
factors, such as whether you have hired
help, if you have teen drivers at home or
if you operate your business out of your
home, will determine how much coverage
is appropriate for your circumstances.
WHAT ARE THE POLICY LIMITS?
A $1 million limit is typical and higher
limits are available. Contact us today to
determine how much coverage is right for
you. +
BY: CHASE HELWIG, CLCS
ASSISTANT VICE PRESIDENT
JGS INSURANCE
Having spent seven years working
in the home improvement field, it
was only natural for Chase Helwig
to focus his insurance expertise on
the construction industry. Firsthand
knowledge of workplace occurrences
and operations allow Chase to provide
in depth analysis to identify exposures,
while providing unique comprehensive
solutions suitable for each individual’s
needs.
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