October 21, 2013

What is umbrella insurance and who should consider acquiring it?

2 thoughts on “October 21, 2013”

  1. Katherine Graham says:

    Umbrella insurance is an extra layer of insurance that can pay for medical, court, or other expenses you may be required to pay after basic home/car insurance policies stop. You should consider acquiring umbrella insurance if you and/or your assets are at risk.

  2. Mike Finley says:

    Beautifully said, Katherine. Umbrella insurance is cheap and worth it IF you need to cover your assets beyond your normal car and home insurance needs. As a rule of thumb, once you hit a net worth of $500,00, you might consider adding this extra layer of protection to protect you from a lawsuit that goes beyond your other insurance caps.

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