Do you have a personal umbrella?

Accidents that can change your life and ruin you financially can happen in a matter of seconds. That’s why it’s important to have a personal umbrella policy.

In this actual claim:

The insured’s 18-year-old son was driving his parents’ car to the store with his girlfriend. He left the roadway and hit a tree. The son told police that another car cut him off, but there were no witnesses and his girlfriend had no memory of the accident. She was hospitalized for over a month with multiple fractures and internal injuries and received extensive physical therapy.

Her parents sued the 18-year-old and his parents for unpaid medical bills, lost wages, unreimbursed expenses associated with the physical therapy, and for her pain and suffering. The court awarded the girl and her parents $1.5 million, of which $500,000 was the maxiumum that could be paid by the automobile policy. The remaining money came from the parent’s $1 million umbrella policy that cost them less than $300 a year.

A personal umbrella policy is additional protection above what is provided by your automobile and homeowners’ policies. Limits of $1 million to $5 million are commonly available.

For the cost of a cup of coffee a day, you may purchase a personal umbrella policy with a limit of $1 million. Give E. R. Munro and Company a call at 877-376-8676 or visit our Web site at to learn more about a personal umbrella policy.