For some people, that route is by suing somebody.
Nobody wants to be sued, of course. You could be responsible for attorney fees, court costs, damages and much more.
Could a lawsuit jeopardize your lifestyle and put everything you have worked so hard to get at risk?
The simple answer is yes. Accidents happen, and as you probably know, lawsuits sometimes follow. Your auto and home insurance does provide protection, but only up to your policy limits.
So, what happens if your legal liability exceeds your policy limits? Does the lawsuit only go up to your liability limits? Unfortunately, no.
Or, what happens if somebody sues you for a claim not covered by your other policies? That’s where a personal umbrella policy (PUP) comes in.
A PUP works with your existing coverage to give you additional protection. An auto or homeowner policy does not cover certain types of incidents, like alleged slander, but a PUP does, along with a variety of other claims not covered.
Many policies even provide an attorney to represent you. Plus, you will even be reimbursed for lost wages if you appear in court.
If you have an auto, home, boat, money in the bank or investments, all this could be lost if you are sued. It is also a good idea to have a PUP if you have a young driver in the household or bear an increased risk of liability for any other reason.
Protection amounts vary and the extra protection will not break your budget.
Call or visit your local insurance agent for more information.