Theresa Richards

What's your idea of financial security?

 
 
Theresa Richards
618-526-1100
Breese, IL
 
Wednesday, September 17, 2014

Prepare For Life's Storms with Umbrella Insurance

Imagine a group of children playing on the swing set in your backyard.  One of the kids falls off and is seriously hurt.  Her parents sue you, claiming the swing set is defective, and they are seeking $1 million in damages.   

Accidents like this can happen in the blink of an eye, and they can happen to anyone.  Today, people are pursuing liability claims and courts are awarding expensive verdicts at an alarming rate.  The fact is, just one lawsuit could put you and your family’s financial security at risk.

There is a solution to protect your financial future – an umbrella policy. 

What is an umbrella policy?

Personal umbrella insurance applies if the liability limits on your regular home or auto insurance are exhausted.  In some situations the umbrella policy might offer protection when your auto or home policy does not.

The cost for a $1 million umbrella policy averages between $200 and $300 annually, according to the Insurance Information Institute.  Each additional $1 million of coverage costs less than an additional $100 annually. 

That means for less than the cost of a dinner out - $13 to $30 per month –you can purchase extra coverage to help protect against a financial catastrophe.

Who needs an umbrella policy?

While everyone could benefit from extra liability protection, an umbrella policy is especially important for certain people.  This includes people who:

  • Own property that puts them at higher risk for a liability claim such as:
    • Boats
    • Swimming pools
    • Trampolines
    • Certain pets
  • Are entering retirement

Guidance from a trained professional can help you protect what you have.  I understand that you want to safeguard what you’ve already achieved and are enjoying today, and can help you save and invest in your family’s financial security tomorrow. 

Contact me to help you protect the things that are most important to you.

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