Bad things happen: that’s why people buy auto and homeowners insurance policies. But America’s love affair with lawsuits means your coverage could fall short. That’s where umbrella insurance policies come in. They provide a convenient and surprisingly affordable extra layer of protection for your key assets. What happens if you are sued for causing an...
Read more
Insurance for Gun Owners
In March 2013, Rep. Carolyn Maloney (D-NY) and eight cosponsors introduced the “Firearm Risk Protection Act” (H.R. 1369), the first nationwide bill to require gun buyers to have liability insurance. If you own a gun, do you need additional coverage? H.R. 1369 stalled in Congress. If passed, it would have imposed a fine of $10,000...
Read more
Umbrella Policies: Rainy Day Protection
Bad things happen: that’s why people buy auto and homeowners insurance policies. But America’s love affair with lawsuits means your coverage could fall short. That’s where umbrella policies come in. They provide a convenient and surprisingly affordable extra layer of protection for your key assets. What happens if you are sued for causing an auto...
Read more
Ten Reasons to Buy a Personal Umbrella Policy
In general, personal umbrellas provide extra coverage, high limits and extend your other coverages &dash: all at relatively little cost. Here are the specifics: The typical homeowners policy provides only $100,000 to $300,000 in liability coverage. A lawsuit can cost much more. A personal umbrella policy can provide limits of $1 million or more, in...
Read more