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Disability Insurance - ERISA Attorney

North Carolina Workers' Compensation

Medical Malpractice, Hospital Malpractice, Professional Negligence

North Carolina Workers' Compensation

Disability Insurance - ERISA Attorney

Disability Insurance: Do not buy it through your employer

Medical Malpractice, Hospital Malpractice, Professional Negligence

Umbrella Insurance Will Protect The Family

A recent survey has discovered that the vast majority of people have not taken the necessary precautions to protect their home equity, retirement savings, college savings, and/or personal savings. The survey discovered that out of the 86 percent that were concerned with protecting these, only 13 percent had taken the simple step of purchasing an umbrella liability insurance policy. The survey was commissioned by the Hanover Insurance Group, Inc.

An umbrella liability insurance policy could provide coverage of $1 million or more for protection from unforeseen claims or suits filed against the policyholder for such things as personal injury, libel, slander, invasion of privacy, malicious prosecution, and defamation of character or discrimination.

Most homeowners do carry liability insurance through their homeowner’s policy or their automobile policy. However, these coverages are often not enough protection for their assets if a personal injury award is handed down against them in court.

A typical personal umbrella liability policy generally costs around $150-200 a year for a typical family with two cars and a home. This policy can provide coverage for defense costs in a lawsuit, protect against settlements that could take away a person’s accumulated wealth or savings or garnish their wages, and cover the policyholder no matter where they are.

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