North Carolina Umbrella Insurance

One Unfortunate Incident

Your dog is part of the family and seems to be the perfect pet, until he bites your neighbor and causes serious injury. You never expected to be the target of a lawsuit, but it can happen to anyone regardless of financial status. What would you do if you were sued for a million dollars or more? If you are held liable for damages caused by an injury at your home or by an auto accident, a legal judgment could easily surpass your current insurance coverage. One of the best ways to protect your financial future is by purchasing an umbrella insurance policy.

For Rainy Days

Typically, an umbrella insurance policy insures against certain risks that your primary policies (homeowners and auto insurance) do not cover. Umbrella policies fill in coverage gaps to provide an extra layer of protection for covered situations such as:

  • Dog bites
  • Car accidents
  • Accidental falls or other injuries on your property
  • Home playground, trampoline or swimming pool injuries
  • Libel, slander, defamation of character or invasion of privacy claims
  • Accidents involving your boat, personal watercraft, golf cart or ATV
  • Serving on the board of a nonprofit organization

An umbrella insurance policy can also help cover legal fees, settlement costs, and can extend coverage worldwide. You can become the object of legal action just by owning a home, having a young driver in your household or kids away at college, owning rental property or possessing recreational vehicles. If a large claim is ever filed against you, having an umbrella insurance policy lessens the chance you will need to liquidate your assets to pay the settlement.

Above and Beyond

It seems as though everyone is at risk of facing a lawsuit these days and courts are awarding larger settlement amounts than ever before. Everything you own, and even your future earnings, could be used to pay a legal judgment if you have inadequate liability coverage. First Pioneer Insurance Agency is dedicated to helping protect your investments, your family and your future. Let our experienced agents help you identify risks and protection gaps to determine the best coverage and price for your current situation.