Each day brings new possibilities for unfortunate accidents and liability claims. Many people don’t recognize their loss exposures, which can result in catastrophic loss and significant financial burden. Failure to purchase personal umbrella insurance could cost your family a fortune!
Why choose Lionstone for your Personal Umbrella Insurance?
Personal Umbrella Insurance Advantages
Do you recognize your need for a Personal Umbrella? Large liability claims can devastate a family. Don’t let an unexpected event jeopardize your future.
You have worked hard to create your wealth, but are you protected if someone take you to court?
- You have a candle burning in your bathroom. When your niece goes to wash her hands, her sleeve passes over the candle and is ignited. She suffers third-degree burns and you are held liable. $917,000 was paid.
- Your 14-year-old is online making negative comments about his teacher to his friends and posting them on a website. The teacher finds out and sues. $750,000 was paid.
- One out of eight serious automobile accidents is caused by a driver without insurance. What if you are hit by one of them? You or your family members are injured and require a stay in the hospital. There are catastrophic medical bills that exceed your Personal Automobile Policy UM/UIM limits.
You have worked hard to create your wealth, but are you protected if someone takes you to court?
- Jury verdicts continue to increase; they are up 240% since 1994 – with average awards from $418,000 – 2,960,000. This is in addition to defense costs, which can run well into the hundreds of thousands of dollars – even when the defendant wins in court.
Coverage Features Checklist:
The following are important coverages to have in your policy. Check to make sure you have all of these features:
|Coverage Features||Our Policy||Competitors’ Policy|
|Broad Bodily Injury definition including required Care, Loss of Service, Mental Injury & Humiliation||?|
|Excess Uninsured/Underinsured Motorists coverage for injuries and damages caused by an uninsured or underinsured driver.||?|
|Worldwide coverage with no restrictions on where the suit is brought coverage||?|
|Bodily Injury/Personal Injury from your participation or volunteering with a youth sports organization||?|
|Coverage for Host Liquor Liability||?|
|Defense costs paid in addition to the policy limit||?|