Lititz Umbrella Insurance

They Want More Because You Have More

After a crazy week, John was looking forward to spending quality time with his family. Just a few blocks from his house his cellphone rang. Glancing down to see who was calling, he missed the approaching stop sign. And that's when everything changed.

Running the stop sign, John rammed the car that had the right of way. The accident resulted in serious injuries to the driver and passenger of the other vehicle. John was sued, and without any grounds to justify his distracted driving, found at fault and ordered to pay $1 million for medical expenses, lost wages and the "pain and suffering" of the injured parties.

John's auto insurance policy had a limit of $300,000 - leaving $700,000 of the judgement still to be paid. John worked had and was successful in his business that he built from the ground up. He saved and provided well for his family. He had assets. Assets he worked hard to earn, and unless John had another way to pay the remaining $700,000, these assets (retirement savings and college funds for his teenage sons) were at risk of being used to satisfy the judgement against him.

Fortunately John understood the value of a personal Umbrella Insurance policy. An Umbrella policy provides protection in situations like this the worst-case scenario where you could lose everything in a lawsuit.

Why put your hard earned assets at risk? Umbrella Insurance in Lititz, PA is an affordable layer of protection typically starting with $1 million in coverage, with additional coverage available if your financial situation changes. Contact Robertson Insurance & Risk Management today for more information.