Accidents are unforeseen events that may result to unmeasurable devastation. It may be unpredictable but there are certain ways we can avoid or minimize its threat. Every one of us can be subjected to this danger, but it entirely depends on your action on how you will protect yourself.
Whether if it’s an incident in your property or accident involving your car. You might be held liable to the cost of the resulting damage. Losing a lawsuit is a threat that can lead to devasting financial loss.
Lawsuits are very costly, stressful and time consuming. Your primary insurance policy might be able to cover some of the loss, but not its entirety. The amount being demanded for reparations, property damage, injury and lost wages, are getting higher than anyone has ever seen before. A lawsuit can leave you shocked and penniless.
Without the proper safeguards to your assets, you are in danger of losing everything that you have.
Umbrella Insurance is a type of policy that is intended to cover for the limits of your primary policy. It gives coverage for claims that are excluded from your policy. Umbrella insurance gives you added liability protection against claims and lawsuits.
Umbrella Insurance Coverage
This policy covers the excess liability cost that your primary policy cannot pay for. The primary policy shall provide initial cover, then the Umbrella Insurance shall handle of what is left. To give you a better understanding, the following are some instances Umbrella Insurance can provide added protection from liabilities such as:
Risks of Lawsuits
You are vulnerable to lawsuits and you are at risk each and every day. It is the simple and ordinary things that are part of your everyday life that may be putting yourself at stake. You are highly at risk especially when you take long commutes, driving during rush hour, owns a swimming pool, has a pet or frequently have guests at home. You are likely to be sued for injuries and damages where in incident involved you or your property.
Almost anything and everything can be a potential lawsuit.
It doesn’t matter how much asset you have now. Lawsuits are also a threat to your future income. Don’t leave you and your future vulnerable to risk of financial loss due to lawsuits. Get an Umbrella Insurance today. Get it from the most reliable source. At Mauser & Tobin Co., Inc., we aim to provide comprehensive insurance policies that makes your life easier. You can get more information about our products and services by calling our agency at (516) 747-0171. Get your free quote today by CLICKING HERE.