Hi, I’m Attorney Jason Abraham. I’m often asked, ‘what is the advantage of having umbrella coverage?’
Umbrella policies are sold as excess insurance above, and beyond, what you have on your car or motorcycle. They’re sold in million dollar increments and are very inexpensive. They are based on your driving records, but in most circumstances, a million dollar umbrella should be under five hundred dollars.
Make sure you have the underinsured, and uninsured, motorist endorsement on the umbrella coverage. The umbrella will protect you in the event you hurt somebody, or somebody hurts you, and they don’t have any insurance or don’t have enough.
Although I’m critical of insurance companies in a lot of circumstances, we have an opportunity here to buy the amount of insurance we need to protect ourselves. Be educated, be smart. Buy as much insurance as you can afford.
If you would like me to personally review your insurance coverage, call me at 1-800-800-5678 today.