Do you have an umbrella?

Do you have an umbrella?

By Kim Bronder

I’m not talking about the kind that you borrow to protect yourself from the rain! We can buy a good umbrella for about $10! I’m referring to an umbrella that can cost anywhere from $150-$300. Yikes!!! This type is an extra layer to protect your savings, & other assets both current and future against property damage, injuries involving non-household members, libel/slander, landlord liability, and auto accidents for which you could be held liable.

This umbrella, called a Personal Liability Umbrella or Excess Liability Insurance, is often recommended to insureds by not only your insurance agent, but by your Financial Advisor as well. The $1 million coverage is additional to your auto and home insurance. Maybe you have heard the saying, “You don’t have to be a millionaire to be sued like a millionaire.” Umbrellas can protect you from unforeseen lawsuits which in today’s world is a real possibility. I’ve had an umbrella policy for years now. It brought me peace of mind with our young children, when they started driving, when we had a pet, being involved in volunteer organizations and now brings me a sense of security to protect our home and assets.

I challenge you to consider an umbrella policy. If you answer “yes” to any of the questions below, then give me a call:

  • Do I own property and/or rental property?
  • Do I drive a car?
  • Can I afford to take time off from my job to represent myself if I were to be sued?
  • Would my family be able to support themselves if I or a family member were held responsible for a tragic accident?
  • Do I coach or play in sports where I could injure someone?
  • Am I on the board of a nonprofit? Do I volunteer?
  • Do I entertain friends and family at my home?

Source:  Nerdwallet: https://www.nerdwallet.com/blog/insurance/umbrella-insurance-complete-guide/

Kim Bronder
Avid traveler, Mom of Three Daughters, and Insurance Agent
Direct Phone – 913-754-3807
kbronder@maxinsurance.com

Kim has been with MAX for 8 years and has over 18 years of experience in the insurance industry.  When Kim is not at work, she loves to travel, cook and read.  Kim and her husband of 33 years are involved with Retrouvaille, a ministry that helps married couples strengthen and heal their marriages.  She has three grown daughters, two sons-in-law, and a precious granddaughter. Kim enjoys the spring and summer months where she can tend to her garden.

Kim Bronder