Everyone is nice and understanding and even if they get hurt on your property, they would never sue you, right? WRONG! You accidently rear-end a school bus and send a bunch of kids to the hospital and none of their familes will sue you -- right? WRONG! Unfortunately in today's litigious society, anyone can and will probably sue you. That is why you need an umbrella insurance policy!
A good home and auto insurance policy will provide you with a reasonable amount of liability protection which will provide you with litigation support up to your policy limits. How much liability coverage do you need, you may ask? You need enough coverage to cover your assets! So spend a few minutes thinking about all that you have --- and how much it would cost you to replace if you lose it all. If you own a home, you should be carrying AT LEAST $300,000 liability coverage on your home and auto policies.
So if your home and auto have a reasonable amount of liability coverage, why would you want an umbrella? The umbrella protects you from that really bad lawsuit, the one where you are responsible for a tragic accident with extensive injuries or even a fatality, and you are sued for $1 million or more. If you are sued and exhaust your policy limits on medical bills and property repairs and legal fees, all of your assets are at risk. An umbrella insurance policy may save you from financial ruin.
A $1million umbrella policy will add to your liability limits and costs very little -- usually $150-200/yr.
There may be some limitations to the coverage, so be sure you ask the questions before you make your purchase. Check for coverage related to libel or slander and social media exposures. Check if the policy extends to your child's college apartment or for a wild party at your home while you are out of town. Verify that your policy will cover your rented vehicles and punitive damages.
Your Trusted Choice agent will spend time with you and explain what your policy really covers. Insurance is a complex contract and NOT something you can buy “in a box”, even though advertisers try to convince you to believe this.
We are your LOCAL Trusted Choice Advisors, SouthGroup-Gulf Coast
http://www.southgroupgulfcoast.com , SALES AND SERVICE AGENTS: Angelyn Treutel Zeringue, Tammy Garfield, Tammy Hogue, Brittany Jones, Denise Russell, Melissa Moran, Alex Treutel, Anne Gillam, Ashlie Moody, Mark Strickland, and Whitney Zimmerman at SouthGroup Gulf Coast. You can reach us by snail-mail or in person: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: firstname.lastname@example.org , phone: 228-466-4498 fax:888-415-8922, FaceBook www.facebook.com/southgroup.gulfcoast, or Twitter www.twitter.com/atreutel !
We have 2 Gulf Coast locations to serve you - 2505 Pass Road - Biloxi and 412 Hwy 90 Suite 6-Bay Saint Louis, MS. We write coverage in 40 different states and can assist you with Mississippi insurance, Louisiana insurance, and Alabama insurance and many other states.
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