Pesonal & Commercial Umbrella
Chubb Excess Liability Coverage: An Invaluable Component of Your Insurance Portfolio |
Personal Umbrella: A MILLION DOLLAR IDEA YOU CAN’T AFFORD NOT TO CONSIDER:
Take this 2 minute test to see if you are a candidate for a $1,000,000 lawsuit!
If you answer “yes to one or more of these questions, you might be a target for a million dollar suit!
- Do you own your home?
- Do you own a vacation home?
- Do you own waterfront property?
- Do you have a swimming pool on your property?
- Do you own more than one automobile?
- Do you own a luxury automobile?
- Do you own a power or sail boat?
- Do you own a dog?
- Do you have above-average family income?
Actually, even if you answered “no” to each of these questions, there is always the possibility of being sued for a million dollars, although the majority of major suits are leveled against people who answer “yes” to one or more of the above questions.
Important Facts about Major Lawsuits
- You don’t have to be a millionaire to be sued like a millionaire.
- Juries don’t seem to care about the ability to pay when they award million dollar judgments.
- Your auto insurance will protect you only to the limits of your liability coverage.
- Your homeowners insurance will protect you only to the limits of your liability coverage.
- You might not have done anything wrong and still be forced to pay. (Even a fenced-in pool has been deemed “an attractive nuisance.”)
- You can lose nearly everything you own, and still be liable to pay more out of future earnings.
The Simple Solution
- Look into at least $1 million dollar “umbrella” liability protection-over and above your basic homeowners and automobile liability limits.
- Make sure the “umbrella” you purchase covers you for motor vehicle and watercraft operations.
- Be certain you are covered for incidents involving any property covered by your homeowner’s policy.
- Ask about coverage for incidents involving libel, slander, character defamation, privacy invasion and false arrest.
- You want everyone in your household (relatives or others residing with you) to be covered.
- Make sure you understand all that is covered and all that is not covered. (Among “exclusions” are usually professional liability, business liability and aircraft liability.
- Call us today for complete information and the affordable rates of a Personal Umbrella Policy.
930 Washington Street, Hoboken, New Jersey 07030 • 201-659-2403 • fax 201-659-0373
Licensed in: New Jersey, New York, PA, CT
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