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The truth about umbrella coverage

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Janet AndersonMyths about umbrella insurance coverage often prevent people from making this important protection part of their financial plan. Here’s what you need to know.

MYTH “I don’t need additional liability insurance because I don’t have much in the way of assets.”
FACT You may not feel you have much in the way of assets at the present time, but if you don’t have enough liability coverage, your future earnings could be at risk.

MYTH “Umbrella policies are only for the wealthy.”
FACT You don’t have to be a millionaire to be sued like one. A friend is hurt on your property or you are involved in a serious car accident—any one of these incidents could lead to a settlement that could be devastating to your family’s financial future.

MYTH “Umbrella insurance is expensive.”
FACT You can buy $1 million of umbrella insurance protection at a very reasonable price. The cost of a $1 million personal umbrella policy can run as low as $145 per year.

Want to know more?

Janet Anderson, Personal Insurance Consultant

Property and casualty insurance programs are underwritten by WEA Property & Casualty Insurance Company. The terms and conditions of your coverage are exclusively controlled by your written policy. Please refer to your policy for details. Certain policy exclusions and limitations may apply.