How Umbrella Coverage Protects You When that Rainy Day Comes

There are a lot of confusing terms used in the insurance industry. One of the more perfect terms, however, is “umbrella coverage.” It sounds good, describing a layer of protection above and beyond that of your clothes, jacket or even your raincoat. Umbrella coverage sounds like it would be easy to carry and very comforting to have for that rainy day. That’s pretty accurate and it’s a pretty good place to start when describing what umbrella insurance coverage is intended to do.

If you are like most, you have several forms of liability insurance. You may have liability insurance on your car, on your home, boat or other recreational vehicles. This liability covers you up to a certain limit in case someone would get injured on your property, through an auto accident or any of your other assets. These limits may vary from policy to policy. In other words, you may have more liability insurance on your homeowners’ policy than your auto policy. If both limits are adequate, no problem. The issue can be if you have lower liability coverage on your auto insurance and someone files a claim against you in an accident that exceeds that amount. This could result in a judgment against your other assets. An umbrella policy can prevent that.

A personal umbrella policy adds that extra layer of protection across all of your policies. It can fill in the gaps of present coverage that may not be sufficient in a claim against you. It not only provides added protection but the peace of mind that comes with it. As an added bonus, umbrella coverage can be affordable.

It doesn’t always rain, but when it does, it is very useful to have an umbrella on hand. You may not need your umbrella coverage in all instances but, boy, when you do, it will surely come in handy.

To find out more about umbrella insurance and how it can benefit you, contact us. We’ll discuss your personal insurance and where an umbrella policy may be beneficial. While we are at it, we will be happy to provide a no-cost insurance tune-up. This can help all of your policies work together better in protecting your financial interests. It may even result in lower overall total insurance costs with superior coverage. We look forward to assisting you.

Six Crazy Things You Can Get Sued for (And How Umbrella Insurance Helps)

It’s a lawsuit happy world. The barrier to entry for a lawsuit isn’t very high: you can pretty much get sued for anything at all. But there are a few crazy things that tend to pop up a little more frequently than others.

1. Sabotaging Your Office Lunch Thief

If you’re tired of your lunches being stolen, it may have occurred to you to put a little hot sauce on it and wait it out. But this is considered booby trapping, and it’s not legal. You can’t intentionally set up a trap to cause someone harm, even if they are stealing your stuff.

2. Posting a Meme on Your Page

Some memes are actually made out of copyrighted photographs. Put that meme on your Facebook account or your personal blog, and you could find yourself the recipient of a cease-and-desist.

3. Talking Poorly About a Coworker

Let’s say Tom is late again. And you post that on your Facebook page: I cannot believe Tom Smith is late to work again! He’s incompetent!

Well, now when Tom’s next employer looks his name up, they’re going to see this. And you could get sued for damaging Tom’s reputation.

4. Recording a “Prank” Video

Most pranks aren’t very funny. But let’s just give you the benefit of the doubt and say you’re recording a very funny prank. It could be illegal. Some states require two party consent for any kind of audio, including the audio in a prank video.

5. Texting Someone While Driving

This may seem crazy, but yes: texting someone else while driving can get you in trouble. However, you need to know that the person is driving, and you need to be reasonably assured they’ll respond to your text first. At that point, it can be argued to be negligent.

6. Leaving a Bad Review Online

You may be wondering where else you should leave reviews. And that would be a fair question. But the problem isn’t just leaving bad reviews: it’s leaving bad reviews that can be considered to be false. And anyone can claim your review was false.

So how can personal umbrella insurance help? Umbrella insurance protects you from costs associated with legal liability, like having to hire a lawyer and explain to them that you put hot sauce on your chocolate cake. You can get umbrella insurance today by talking to an independent insurance agent.