Umbrella Insurance

What if You Were Sued for a Million?

Do You Have a Million? Consider and Umbrella Policy

Mitchell-Joseph Insurance Agency recommends 'umbrella' policies to further protect you and your family from lawsuits that can occur after severe accidents. Umbrellas are designed to give you added liability protection on top of your homeowners, auto, boat, RV and seasonal home insurance policies.

Liability Insurance

Liability insurance is the portion of a homeowners or auto policy that pays for expenses such as an injured person's medical bills, rehabilitative therapy, and lost wages due to the negligence of the at-fault person. The liability portion of an insurance policy also covers a legal defense representative if the negligence would happen to land the at-fault person in the courtroom. After adding up all of the medical expenses for the injured and the legal fees of the negligent person, the standard liability in one's homeowners or auto policy is often not enough to cover the cost.

Almost every state has financial responsibility laws that will hold drivers accountable for bodily injury and property damage resulting from car accidents, and the at-fault driver could be sued for the damage. Personal assets from the at-fault driver could be seized resulting from a lawsuit. Similar laws are also in force for home and watercraft owners.

There is good news, however. A personal liability umbrella policy can give you added liability protection without a large added cost. Additional liability insurance is often inexpensive, especially compared to the added coverage you'll gain. Furthermore, liability insurance covers your non-business activities anywhere in the world. Having the added protection of a liability umbrella policy is coverage no one should go without.

Contact us in Honeoye Falls (NY), Naples (NY), and Rushville (NY) for more information about a personal insurance package that fits your needs and lifestyle.