Whether it’s a serious at-fault auto accident or an incident on your property, you can quickly find yourself responsible for damages that exceed the limits on your Auto, Homeowners, Renters, Rental Property or Boat policy. An expensive judgement is the last thing you want to worry about. A Personal Umbrella policy can help protect your assets and provide peace of mind. The purpose of a Personal Umbrella is to provide Liability coverage over and above your Auto, Home, Boat, Rental Property and any other Personal Liability coverage you have already. Many financial planners recommend that everyone have at least a $1 Million Personal Umbrella policy, even if they have less than $1M in assets. The reason being that in the rare event that you are sued, you could be forced to pay a legal judgement from not only your current assets but also your future earnings. This policy can also pay for defense costs which add up very quickly, even if you win your case.
Umbrella policies come in increments of $1,000,000 and policies start at around $200 per year. This goes a long way to protect your personal finances against judgments from a devastating lawsuit. When deciding on a limit, it should exceed your net worth. Shouldn’t you look into a Personal Umbrella today?
As an added benefit of your 1st Nor Cal membership, we at Lou Aggetta Insurance will help you review the things that are important to you and provide you with options for reducing risk in your life. If you decide to buy an Auto policy you will receive a $25 Gift Card - If you purchase both Auto and Home you will receive a $50 Gift Card.3 We are an independent insurance agent and can provide you with home, auto, life, health, business, and many other types of insurance coverage.
Contact me today to schedule your free review.
