Personal Umbrella Policy

When it Rains, it Pours-   Are You Covered?

   There was a time when only the rich and powerful needed a Personal Umbrella Policy (PUP). Not any more. If you own a home and/or a boat, you should look at what a PUP can offer you. If you own a dog, trampoline or pool, your liability risk increases exponentially and I strongly urge you to consider an Umbrella Policy.  If you own your own business, you should look at what a commercial umbrella policy can offer you.
  Why? What can an Umbrella Policy do for you? Think of it as an added layer of protection for your assets and more importantly, for your family.  It is Liability coverage above and beyond the limits on your Homeowner's, Watercraft and Auto policies.  You have liability coverage on your Homeowner's, watercraft and Auto policies. But they have limits. Unfortunately, anyone can sue anyone these days. And attorneys  are asking for more and more in  "damages".   Your liability limits cover medical bills, rehabilitation, lost wages. Add in any damages that you may have to pay to the injured party, and your current policy limits may well be below what is needed. Then what do you do? Your assets can be siezed and sold to pay the awarded damages. And you are left with no recourse and possibly more debt than you can ever repay.
   Simply put, a Personal Umbrella Policy will offer coverage when your home, watercraft and/or auto policy limits run out. A PUP is often inexpensive, as low as $150 annually for $1million in cover. When you compare it to the added coverage and what you could lose without the coverage, isn't it worth it? 


Thanks for reading!
Nancy Brockman

Please contact  The Brockman Agency for quotes and answers to your questions about Home, Auto and Commercial insurance. We partner with 20 carriers, so we can do the shopping for you!