In this uncertain life, anything can happen. As we get older, we find that out in ways that can be less than pleasant.
That’s why insurance is so important. But umbrella insurance for a rainy day is more about extreme weather conditions than a light drizzle.
Accidents and the liability that can accompany them can see you facing enormous costs. These can amount to millions of dollars, under certain conditions. And no. That’s not an exaggeration.
Umbrella insurance can protect you from this eventuality, ensuring you remain solvent.
Limitations of auto insurance
A perfect example of umbrella insurance’s role is considering the typical auto insurance policy. If you’re involved in a collision, payouts are usually in the ballpark of $100K per person involved, $300K per accident and $50K for property damage.
But what if you’re at fault? What if there’s been grave injury that an unwitting error on your part has caused and you’re on the hook for an astronomical sum of money? You may find that your assets – your home, your investments, your savings – are vulnerable.
Shelter from the storm
With an umbrella insurance policy, you’re not just prepared for life’s intermittent squalls. You’re protected from catastrophic events that can change your financial status overnight from “healthy” to “under water”.
Umbrella insurance is inexpensive, due to the nature of what it covers. A $1 million policy adds ballast to existing coverage, like auto and home insurance. It’s shelter from the storm when life hits you with its worst and most unanticipated surprises.
A $1 million policy will cost you between $130 to $250 per year. But for those who want to feel even more secure about their coverage, each additional $1 million can be purchased for between $100 to $150 per year.
That’s great value for money, when you consider the alternative. The lurking potential for being slammed with a liability suit is there every time you get behind the wheel of your car or take your boat out on the water.
Bad things happen to good people and that’s what umbrella insurance is there to defend you from – the unpredictable vagaries of this uncertain life.
Abco is a trusted insurance agency which will provide you with quotes from 25 companies, while we’re putting together the most comprehensive umbrella insurance policy for you we possibly can.
We believe in our clients and their need to feel secure and protected from the eventuality of incidents which can leave their financial resources depleted. That’s why we want you to know that an umbrella insurance policy really can save your life – and your resources.
Since 1979, we’ve been ensuring thousands of individuals and businesses, holding them covered against life’s bumps, bruises, rainy days and extreme weather. We know that life insurance can make the difference between solvency and bankruptcy in a volatile world that throws continual curveballs.
With Abco, you can hit those curve balls every time and hang on to what you’ve worked hard for.
Contact us. Let Abco shelter you from the storm.