“Got Your Umbrella?”
By David
Kauwe CLU ChFC LUTCF RFC
Consultus LLC
Do You Have Your “Umbrella”?
It’s More Than Just to Protect You Against the Rain!
The Umbrella Liability Policy is One of
the Best
Buys in the Insurance World!!!
In this world of frivolous litigation, folks are very concerned
that as they try to get ahead in the world, there are crooks and cons out there
scheming to take your hard earned wealth.
Then there’s the legitimate accidents, spill a cup of coffee
in someone’s lap, kid’s left their skateboard out in the yard, dog got out
through a hole in the fence and bit the neighbor’s child.
If you have come into some money, how will you protect your
assets?
You could spend Thousands of Dollars setting up All Kinds
of Trusts to protect everything from your house to your car, your kids
to your dog. But what if You Aren’t
quite the Rockefellers and your assets aren’t worth 5 million
dollars?
The Umbrella Liability Policy just might
be what the doctor ordered!!!
An “Umbrella” Policy is a Liability
Insurance Policy written by most Property Casualty Agents like your
friendly neighborhood, home and auto insurance agent. A typical “Umbrella” Policy is written in
denominations of 1 million and can cost as little as $120 a Year for 1 million dollars
of liability coverage. My
coverage for instance cost a little under $200 a Year for 2 million dollars of
liability coverage. This type of
coverage covers you for physical damage, property damage and other types of
liability either you or anyone or anything in your control (i.e. spouse, kids,
animals, house, car etc.) causes. You
will have to raise the underlying limits on your Auto and Homeowners policies,
but the increases are minimal.
Next to Life Insurance, in my opinion, This IS the BEST
Value in the Insurance World. See your home/auto insurance agent to get set
up today!
Now You Know Enough to come out of the
rain and get under the “Umbrella”!!!
Hawaiian Dave
David A. Kauwe CLU ChFC LUTCF RFC is an Associate with
Consultus LLC, a Financial and Estate Planning Firm located in Durham, NC.
dave@hawaiiandaves.com or at (919) 698-8832 cell.
