Anyone can benefit from the additional liability limits they would have with an umbrella policy. If you own a house, automobile, boat or have liability risks where your personal assets may be exposed, investing in an umbrella policy can help.
With the recent PIP changes in Michigan also, there is an even greater need for additional liability protection.
PIP has various options including opt out, $50,000, $250,000, $500,000 and unlimited for insured people to choose from.
If a person injured in an auto accident has no PIP coverage, or a fixed limit of coverage, an insured who is legally liable for an accident has increased exposure for any damages awarded that would previously have been covered by PIP.
Once underlying personal auto limits are exhausted, an umbrella policy would step in as an additional liability protection to cover this increased exposure.
We know you don’t want to be in a position where you could potentially lose all your financial security, and even your house because of a mistake that occurred. It takes just minutes to setup an umbrella policy and we will make sure that we protect all that is needed so that you can rest easy knowing that you will be covered if there is an accident or issue that you would be held liable for.
We invite you to call us at John Scott Insurance Agency today to learn more about how an umbrella policy (which is very inexpensive) can be one of the best investments you ever make in protecting what matters most to you.