Umbrella Insurance. What are the facts?
Life’s treasures will continue to spring forward through the practice of faith, love and purpose.
The decision to partner with a mate, start a family or take on an oversight position requires confident commitment. Data suggest while you may be ready to grasp new opportunities, do so with cautious planning. Every personal interaction we make can be fraught with financial liability.
A quick look at your current personal insurance policy will reveal there are ample replacement mechanisms when a loss occurs beyond your control. When you buy Home, Condo, Renter or Auto Insurance from Oberg Insurance you’ll get coverage that just feels Right, @Home. We’ll make suggestions on coverage levels to insure you’ll quickly be right back on your feet in case of disaster.
When you choose to become an active neighbor in the community your commitments keep you on the move. Occasionally, damaging encounters occur by happenstance. Perceived victims may exercise their right to sue you. Personal policies have caps when paying out incidental or negligent claims. This is where Umbrella Insurance fills those litigious voids.
Is an Umbrella Policy key for me?
If you have little or no net worth, live in a low risk environment and limit casual visitors an umbrella policy may not be needed. However, most people should consider buying a policy. You might consider umbrella insurance a necessity if you fit one or more of these categories:
- People who own (or rent) boats, cars or other vehicles
- People with large pets
- Parents with legal age children still living at home
- People who host guests in their home or on their property
- Anyone who own rental properties
- People who volunteer their time and services
- Coaches of youth sports
Many of these activities increase your chance of being involved in a lawsuit, even if they might seem harmless.
Let’s review all factors with an Oberg Insurance Agent
Every situation is slightly different. As an Independent Insurance Broker with 30 years of experience we’ve seen our fair share of court cases ending with settlements that mandate wage garnishment. It’ll only take a knowledgeable Insurance Agent a few minutes to review your forward facing financial risk ratios.
Oberg Insurance is a certified financial adviser. As such, we offer Umbrella Insurance as financial peace of mind. Please call us to schedule a free financial review. For as low as $13 a month the added coverage is designed to ensure your assets won’t be seized in the case of a lawsuit.
Umbrella insurance has never been more prudent to carry in this current Covid-19 pandemic emergency. America’s new normal is an economy under siege. People can become litigious for the slightest of affronts. We’ll always suggest the prudent plan of action until these uncertain times are over.
