One of the most potentially hazardous things you do is to drive a car—and you do it every day! The results from an accident can go way beyond damage to your vehicle. If you’re in an accident involving injuries or property damage, you can find yourself personally liable and the target of lawsuits. Your home, investments and other assets can be at risk.
To help protect you from major claims and lawsuits, it’s smart to add umbrella insurance. It’s extra liability coverage—above the limits of your home, auto and boat insurance policies—that helps protect your assets and your future. Let ICNE help you with this important protection.
Three examples of Umbrella insurance scenarios:
- The insured’s 18-year-old daughter was driving the family boat on the lake. She did not see the swimmer in the water, hitting and severely injuring the swimmer. The claimant received just under $1 million.
- An insured’s son had a friend over for a play date. The kids were playing with the family dog. The family dog bit the son’s friend in the face resulting in multiple reconstructive surgeries. The injured child’s parents settled for roughly $10 million.
- An insured’s daughter slid through an intersection on icy roads and hit an elderly woman crossing the street. The elderly woman was hospitalized with multiple injuries. The insured’s personal umbrella policy limit was paid in full.
The above examples are all real life claims that could happen to even the most careful of people. As you see, your liability limits can be quickly exhausted.