by Ross Turner

 

 

Every day, we are exposed to risk.  Our daily activities result in lawsuit exposures, and unfortunately you no longer have to be a millionaire to be sued like one.

 Umbrella liability insurance “sits over” your primary insurance, providing you a higher level of coverage above your automobile, homeowner’s, boat, and recreational vehicle policies. Umbrella policies can give you higher limits, broader coverage, and worldwide liability coverage.

Your family and your daily activities result in lawsuit exposures every day, and unfortunately the frequency and cost of lawsuits have increased dramatically over the last ten years. Some reasons to consider the purchase of an umbrella policy include:

You serve on a board of directors or participate in volunteer activities

 You have teenaged drivers or drive a carpool You own rental property or vacation property

You have jet-skis, a golf cart, or other recreational vehicles

You have a swimming pool in your backyard

You are financially responsible for your children

You have a small business in your home and see clients on occasion

 

Consider these real-life examples where lawsuits were filed and judgments awarded:

•  A talented softball player filed a $700,000 lawsuit against her former coach, alleging the coach’s “incorrect teaching style” ruined her chances for an athletic scholarship.
• A student hated math class and her teacher. She made negative comments about the teacher online. The teacher found out, sued the parents, and was awarded $750,000.
• A homeowner was burning a candle in her bathroom. As her niece washed her hands, her sleeve passed over the candle and ignited. She suffered third degree burns. The homeowner was held liable and had to pay out $917,000.
• A one car accident occurred when a 17 year old driver ran off the road with three friends in the car. Damages awarded were over $ 1,500,000.

Think about the value of your assets.  If your home, automobiles, investments, and potential future earnings are worth $400,000 and your automobile liability insurance limit is only $250,000, then you are left with $150,000 of uninsured assets.

Contact our Personal Lines department to see how easy it is put an umbrella policy in place. One million dollars of liability coverage is much more affordable than you think, and it small price to pay for peace of mind.

  

623 Halton Road

Greenville, SC  29607

864-288-9513

www.turneragencyinc.com

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