MARCH 13TH, 2012
By ADMIN
Legal fees are often the largest expense homeowners are faced with when sued due to someone being injured on their property or by an automobile accident. You can be exposed for bodily injury and property damage claims along with defense costs if proper excess limits are not secured through a personal excess liability or umbrella policy.
HUB International is the leading privately held personal lines insurance brokerage in the U.S. and can work with you to determine appropriate personal coverage limits to protect you and your family. You may be surprised to learn that the premium for an umbrella or personal excess policy is inexpensive and can offer significant limits of coverage.
The following article published recently in The New York Times outlines the importance of purchasing a personal liability policy and the many reasons why so many of us need it. Often we do not think of umbrella or excess insurance coverage beyond bodily injury or physical damage to others; however, the article also notes that a personal umbrella policy, “pays off if there is liability for something more obscure, like slander, libel or false arrest. ”
Personal excess or umbrella policies may also offer uninsured or underinsured motorist coverage providing you and your family protection against injury or damage in an auto accident with an uninsured or underinsured vehicle.
To read the complete article, click here.
JANUARY 20TH, 2011
By ADMIN
Every morning, for the past few weeks, people young and old have been checking their local news for school delays, office closures and road conditions. Kids jump with joy as they read their school’s name off the TV screen, while workers groan as they dig out their cars from the newly formed snow.
To most of us, snow invokes mixed thoughts of beauty and inconvenience. But lurking in back of our minds is the fear of how treacherous winter weather can be.
Anyone can Continue reading “Winter Wonderland or Disaster Waiting to Happen?” »
Everyone wants to know how to save money while retaining the best insurance coverage. Patti Clement of HUB International’s Private Client Advisors Group was recently featured in a white paper released by ACE Private Risk Services on opportunities to maximize the value of your personal insurance. Some interesting findings that came out of the survey of 600 agents and brokers include:
Mind the Gap in Coverage: Umbrella policies are a great tool for protection, but Continue reading “Affluent Americans are Overpaying and Underinsured” »
It’s an all too common nightmare: a professional or business person works hard all of their lives to accumulate a certain level of wealth and then loses it all when they are hit by an unexpected lawsuit. Perhaps a visitor is injured in their home(s) or they are involved in an accident with an uninsured motorist.
If they do not have adequate insurance to cover the liability, personal assets may be seized. A life of success wiped away. Continue reading “Will Your Wealth Vanish Into A Black Hole” »
