You work you entire life trying to build up a nest egg. You know, just a bit of money to allow you to live comfortably into your senior years. And then one day driving home you experience what millions of people have experienced. A car accident. The problem is you are at fault. Found negligent. And if somebody loses their life or has life altering injuries you can bet you will be sued. And you will be sued for all that you have. You have worked so hard only to have an attorney come and swipe it all away in one long and drawn out painful lawsuit.
Usually people will say that they have full coverage with their automobile. Unfortunately most often it is fool coverage. Please note how one is spelled FULL and the other is spelled FOOL. This is not a knock on you because you make your decision based on what is provided to you or based on what you have discovered by your own research. And the the brutal truth is the world is time starved so who really has much time to look up information regarding what types of insurance they should have? So all to many times people end up with status quo coverage and the only time they find out it is not proper is when their is a claim, but it is too late to do anything after the fact.
So how could this scene have come out differently? The answer is simple. A liability umbrella policy.
Simply put, a liability umbrella policy covers you for a large number of different things all relating to liability. So when you hear liability you should think lawsuit. So a liability umbrella is like an umbrella over you to protect you from the lawsuits that rain down on you to take your nest egg.
Why You Should Consider Umbrella Insurance A Great Reason to Get a Personal Umbrella Policy - Your Car Is a Lethal Weapon! Income Protection Insurance: A Boon for the Salaried Class
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