Justin Durland June 20, 2012 No Comments

so called “adding an extra layer of liability coverage.” Coverage is provided in quantities of $1,000,000 increments because between medical costs, loss of income, and pain and suffering, you can easily surpass owing over $300,000. The greater your risk factors, the more you should want to protect yourself. High-risk factors consist of:

  • Owning a personal recreation vehicle
  • Having young drivers in the family
  • Owning a trampoline
  • Owning a swimming pool with / without a diving board

An easy way to visualize the usefulness of a personal umbrella is by picturing every asset you have worked a lifetime to build, all piled up in one spot. Now with personal umbrella insurance, an umbrella will sit on top of the pile as a security that will cover all of your assets.

In the past, people who had large sums of money with sizable assets would most frequently have purchased personal umbrella coverage. However, because of the changing times, people of all income statuses are deciding to extend their liability coverage and with good reason! Don’t get yourself stuck in one of these sticky situations and contact your personal independent insurance agent today at (845) 986-1177.