Umbrella insurance is available as extended coverage. These days lawsuits are everywhere, and lawsuits, however ridiculous they may be are winning with enormous awards. Our independent agent in Lakewood, Colorado can help you get this added security. Policies have limits as to what they will pay. An umbrella will extend those benefits and pay over what the policy pays. Automobile, homeowners, business, and watercraft policies all have limited protection on liability.
Accidents do happen, and no matter how careful you are, the accident may be your fault. If the accident is serious, you could be looking at a lawsuit. If found guilty for negligence, related to your accident, you could face a liability taking all your assets, if you do not have the correct benefits. As soon as your primary insurance has paid up to its limits, this extension will take over.
If you want this coverage added for your full security, make sure the benefits include certain coverage in the policy.
Look for benefits in this extended policy covering medical bills for the injured person, lost wages and any rehabilitative therapy care needed. Make sure that your benefits pay for legal defense and legal bills. This should include property damages. If your accident causes the injured permanent disability, your company may be appointed to pay for life.
Do not be caught in a situation, only to find out you do not have sufficient benefits to cover the unfortunate situation. You could find yourself in a lawsuit, all of your personal assets could be frozen and awarded, if you do not have the right coverage.
Umbrellas are inexpensive to get for what they provide in return. This liability benefit will protect personal activities throughout America and anywhere overseas. It is difficult to understand why people are not purchasing these benefits. Our independent agent believes it may be a lack of knowledge. Call our independent agent in Lakewood, Colorado today to help you secure your future.