STIS Recommends: Personal Umbrella
Personal Umbrella – South Texas Insurance Services
When I am asked to evaluate the adequacy of a customer’s current insurance policies, the first question I ask is, “Are you familiar with the benefits of a Personal Umbrella policy?”. This is traditionally my first question because most people only carry minimal limits of insurance, often meeting state requirements. In other words, you are already underinsured! In my experience, most people are not familiar with the term Personal Umbrella, let alone its necessity and affordability! For as little as $300 per year ($25/mo) your limits of liability can be increased by $1 Million, which more often than not is the magic number people are looking for as a result of litigation. Are you financially prepared for a lawsuit resulting from a car accident, or an injury sustained by a guest in your own home? In 2004, 1 in 208 Texans was a Millionaire, and even they cannot afford the trouble.