Umbrellas Aren't Only For The Rain

Many of us feel we have all the protection we need. We buy automobile and homeowners insurance and feel confident we have all our assets protected. But, consider for a moment, the following scenario:

Your teenage son brings home a friend to shoot hoops. While your son's friend is at your house, he trips on a loose step and breaks his leg. He has already been offered a full scholarship to play basketball at a prestigious university. With his injury, his dream of a college education and a NBA career are gone. His family sues you for $1,000,000 and wins. Your homeowners policy covers $300,000; where will the rest come from? Answer: your home, your bank accounts and investments and your future wages.

This is where an umbrella policy would be beneficial. The personal umbrella liability policy adds $1,000,000 (or higher) coverage over and above the limits you presently carry on your automobile or homeowners policies. This type of policy can prevent you from losing everything you own if a large judgment is handed down against you.

A personal umbrella policy also covers situations which are not usually covered by regular liability coverage such as: mental anguish, libel, slander, invasion of privacy, damage to property rented to you and skilled legal counsel. It also provides you with this protection anywhere in the world.

If you feel you need to carry this umbrella whether it rains or shines, please call your Customer Service Representative at Karn Sitkins Payette Insurance Agency.