What is an umbrella policy and how will it help you?
What if you are found liable for an automobile accident resulting in serious injuries to the driver of the other vehicle? You find out that the injured party has medical bills exceeding $100,000 and has been out of work for 6 months, because of a fractured leg.
The problem that can occur is that the policy limits may be too low. The limits on your car insurance policy will most likely be exhausted very quickly, leaving you responsible for the rest. The courts can seize your assets and force you to pay a percentage of your income for years. This can be devastating.
The good news is that you can buy an Oklahoma personal liability umbrella policy that can give you peace of mind for a very small fee as little as $14 a month!
- Own a home
- Own a business
- Own a boat
- Own a motorcycle
- Have a teenage driver
- Have a retirement plan/investments
- Have a savings account
- Have household earnings over $50,000 a year
- Have a dog
And the list can go on. The fact is nearly everyone needs an umbrella policy and our RCI Insurance Group agents can help determine the right amount of coverage you need for an affordable umbrella policy.
Personal Liability Umbrella policies are the least expensive protection you can buy. If something serious does happen, it can save your financial future too. Don’t get soaked; get an umbrella!