Don’t get caught off guard by a lawsuit! While most of us strive to be responsible citizens, unforeseen accidents or misunderstandings can lead to legal trouble. Umbrella insurance acts as an extra layer of protection for your finances in case a lawsuit exceeds the limits of your primary insurance policies (homeowners, auto). Please contact Bradford Turner Insurance Group in Cumming, Ga to help secure your Umbrella policy.
5 Common Lawsuits Umbrella Insurance Can Protect You From
| Lawsuit Type | Description | Potential Costs (Estimated) |
|---|---|---|
| Bodily Injury | A neighbor gets injured slipping on your icy sidewalk in winter. Medical bills and lost wages could be significant. | $100,000 – $500,000+ |
| Property Damage | A car accident you cause results in multiple damaged vehicles. Repairs and potential injuries can escalate costs. | $250,000 – $1,000,000+ |
| Dog Bite | Your beloved pet accidentally bites someone causing injury. Medical bills and potential legal fees can add up. | $50,000 – $250,000+ |
| Slander/Libel | An online post you make is misconstrued as defamatory. Legal defense and potential settlements can be expensive. | $25,000 – $100,000+ |
| False Arrest | You’re mistakenly arrested and endure emotional distress and legal fees. Fighting a wrongful arrest can be costly. | $50,000 – $150,000+ |
Important Note: These are estimated costs and can vary greatly depending on the severity of the incident, location, and legal representation.
Remember:
- Umbrella insurance typically offers coverage limits ranging from $1 million to $5 million.
- Consider your assets, lifestyle, and risk factors when determining the right coverage amount.
- Umbrella insurance is relatively affordable compared to the potential financial devastation a lawsuit can cause.
Protect yourself and your loved ones! Talk to your insurance agent today about adding umbrella insurance to your safety net.
