When umbrella insurance comes to mind, it is usually associated with commercial insurance policies. However, many high net-worth families rely on such policies to protect their families from liability. If you are in the greater Longmont, CO community, the team at 1st American Insurance Agency welcomes the opportunity to review the advantages of such a policy with you.
Limitations to Primary Policies
Primary insurance policies typically have a coverage limit that cannot be exceeded. In such instances, an umbrella policy can increase your coverage levels to provide the protection you need to keep your assets safe from liability claims. When you have a high net-worth you and your family can become targets to unsavory individuals who are looking to profit through schemes and other deceptions. In the cases where your liability exceeds your coverage limits, you can be held personally responsible, a fact that can have a negative impact on your family for many years to come. Don’t let your family fall prey to frivolous lawsuits or other damaging situations without the protection that you need. Understanding the benefits of increased liability protection that is provided through an umbrella policy can make a significant difference on your bottom line. You have worked hard to provide for your family and it only makes sense to protect them and their financial future.
Don’t leave your family’s financial future unprotected. Find out more about how a personal umbrella policy can protect your family’s assets in many different situations. Contact 1st American Insurance Agency today and learn more about the coverage options available in the greater Longmont, CO area. We want your hard work to be protected and for your family to be covered in the event of a large liability case.