The average consumer has access to information that will boggle the mind. Ten years ago “google it” would have gotten you some odd stares from bystanders. Today we “google” pennsylvania umbrella insurance and get 20,000 hits with free advice on buying insurance. Of course then you need a masters degree to sort through this “free” advice to find what works best for you.
Your concern should be having an insurance agent you can trust. An agent who offers honest, thoughtful advice is priceless. If you’ve shopped for pennsylvania auto insurance rates or pennsylvania homeowners rates you know how valuable a trusted agent can be. Your pennsylvania umbrella insurance is no different and quite possibly even more important.
Pennsylvania Umbrella Insurance is one of the most overlooked coverages in my agency. After 23 years in the business I’m still surprised when clients decide to skip the umbrella coverage when I’m setting up their insurance plans.
When your pennsylvania auto insurance or home insurance is called on by the courts you will be put under the microscope. This is the time when people realize what their agent was talking about. The court will use the term “reasonable and prudent” when your insurance is reviewed to see if you carried adequate limits of liability. Reasonable and prudent is the terminology that decides if you obviously carried limits that were comparable to your overall net worth or if you chose blatantly low limits. Many times this will be the basis of the decision to liquidate your personal assets to satisfy a judgement. Hey, I didn’t make the rules ! Google that one and see for yourself.
For a policy that picks up the excess liability, over and above you pennsylvania auto and home insurance limits, what would it be worth to you? Most umbrella policies range from $150-200 per year.
Now, picture this…you’re sitting in front of a judge and jury… and you’re handed a judgement of $750,000 for the car accident you were involved in that injured three other people…was the $150 bucks money well spent? That will depend on what you’ve worked hard to accumulate. Do you own your home ? Do you have a retirement savings ? How about a camp ? Call an agent you know and trust to get a price on pennsylvania umbrella coverage today. Tonight you’ll sleep much better knowing you’ve protected your family.
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