The Need For Umbrella Insurance
Think about life as a constant rainstorm: you wouldn’t go outside without a good umbrella, or at least some form of protection against the rain, would you?
Well, an umbrella insurance policy from Bradley’s Insurance, as part of our personal insurance services, provides you and your family with a legal “umbrella,” so to speak. Lawsuits can and do happen, especially at the worst of times. It’s only natural for accidents to occur, and when they do, you’ll want to be protected from major claims and lawsuits — thus protecting your assets and securing your future.
With this additional liability coverage from Bradley’s Insurance, rest assured that you and your family will have nothing to worry about.
Ottawa Umbrella Insurance
There are three major struggles we all face when it comes to being the target of a lawsuit:
- It costs nothing to initiate a lawsuit
- Juries and judges can be subjective and unpredictable
- Defending yourself often costs enormous sums of money
You’ve worked hard to build the life you envisioned. As you did so, you accumulated possessions; not an ostentatious amount, but enough to make you and your loved ones comfortable. You are proud of these accomplishments. In fact, you have set up a safety net for them with the best insurance you could find.
But now, you need extra protection: an umbrella insurance policy.
What are your limits on your auto and home liability policies? $500,000? $1,000,000?
Sometimes, these limits are simply not enough.
You get into an auto accident. Someone falls into your pool. Whatever the fluke occurrence, you can be sued. What happens if the award goes to the plaintiff? You might assume that you can fall back on your insurance policy to cover it, but what if the amount is over the policy limits?
How will you pay the judgment? How will you even defend yourself during the lawsuit? Some people end up losing their life savings.
We want you to have protection that will top-up after the other policy limits are exhausted. This is the benefit of having umbrella insurance protection.