The Insurance Information Institute's Vice President, Carolyn Gorman, extols the virtues of Uninsured Motorists/ Underinsured Motorists. "You absolutely need this coverage, because, if you get into an accident with someone who is driving without insurance or doesn't have enough of it, you want to be made financially whole again. You have to protect yourself fiscally and physically, and uninsured/underinsured motorist protection can help you in that regard."
Uninsured and Underinsured Protection will pay your medical bills, lost wages, and pain and suffering. If someone hits you or your car and is legally responsible for the damages, you won't get any money from them if they don't have money to give you. Especially during times when people are struggling economically, many drivers either don't have insurance or don't have enough. Also, your passenger will be covered under this protection and if your protection is not sufficient they can sue you if they are not a family member.
How Deep Are Your Pockets?
While your homeowners and automobile insurance may have a layer of protection, it may not be enough. Excess Liability is the answer.
As your assets accumulate and your lifestyle changes, you can become a more attractive target for personal liability lawsuits. Many homeowner and auto policies set lower coverage amounts or fail to offer coverage for important categories of liability.
An Excess policy lets you safeguard the true value of your assets, with coverage amounts available up to $100 million. The policy covers you over and above your primary auto, homeowners, watercraft, or other policy for such things as bodily injury, property damage, and legal defense costs - with no deductible.
Your homeowner and automobile insurance policies may not be enough to cover real-life jury awards like these:
·Auto collision at controlled intersection, 25-year-old female becomes comatose. $10 million
·Toddler squeezes through fence and wanders into swimming pool, suffers brain damage. $4.6 million
·Male guest falls from porch at a residence, suffers aggravated vertebral injury. $8 million
Ask us about adding an Excess Liability policy to your portfolio. While your premium depends on the number and location of homes, cars, watercraft, and other items you own, as well as the liability limits you choose, you'll be surprised at how affordable it is to have protection and peace of mind.