Can’t Miss Insurance for Your College Student
With the typical umbrella insurance policy starting at $1 million, it is easy to think that it is not an insurance policy that your need to invest in. With the numerous amount of lawsuits that are filed every day, getting an umbrella insurance policy is now more important than ever. The small premium for an umbrella insurance policy can save you thousands of dollars in the event of an unfortunate accident that leads to a lawsuit.
Liability coverage pays for any medical expenses, lost wages, and legal fees that a person incurs while they are injured at your fault. Typical insurance policies, such as a homeowners or auto insurance policy usually do not provide enough liability coverage to pay for all the fees that are associated with an accident. An umbrella insurance policy will cover the rest of the money that is due after a homeowners or auto insurance policy liability coverage runs out. It will also help protect any personal assets that could be seized as a result of a lawsuit.
If you are regularly a volunteer on the board of different non-profits, umbrella insurance is a good investment. It can protect you from any lawsuits that arise from the choices you made while on the board. Umbrella insurance will also cover the cost of a lawsuit that has to deal with slander or the defamation of character.
Even if you do not think that you have enough money or property to be sued for, do not pass up an umbrella policy. A lawsuit from an unfortunate accident could lead to your retirement funds, investments, savings, and possibly future earnings are at risk. A judge could even call for a garnishment of your wages to pay off a lawsuit.
To make sure you are properly covered in any situation in the Oakland, California area, contact Cook, Disharoon & Greathouse Insurance.
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