To best answer that question, consider the assets you own, and the role they play in fostering your financial security. When thinking about assets, there are obvious items that come to mind: your car, house, investment accounts, and checking and savings accounts. But more broadly, even your projected stream of future income can be viewed as an asset. In fact, it may even prove to be the most valuable asset of all.
In the event that you become the target of a lawsuit for a substantial sum of money, but don’t have enough insurance to cover the damages that may arise, the expenses would have to come out of pocket. This could create a significant financial hardship. An umbrella policy can forestall the prospect of financial ruin due to an unintentional misstep or an unforeseeable accident.
Check with us to know whether you need additional protection, we can help ensure you find a cost effective umbrella insurance suiting your needs.