As we already know, accidents are not planned, they just happen and when they happen, all we can do in terms of precautions, is to raise our defence against lawsuits and protect our retirement nest egg, home and other assets.

Imagine a situation where you accidentally hit a van full of kids and soccer mom. What are the implications? It will be a tragic accident, but if parents decide to pursue a lawsuit against you, which they will, it can be devastating for your finances and affect your family adversely.

Although your homeowner’s and auto insurance policy does cover some of the liability, but in this Land of Lawyers, where litigation is abundant, a need for Umbrella Liabilty Insurance is acutely felt.

An umbrella policy offers you extra liability insurance that pays for a loss when the limits of your underlying policy are reached. So, if you’re responsible for someone’s injury that requires $1,250,000 of medical treatment and the liability limit in your underlying policy is $250,000, your umbrella policy will pay the additional $1,000,000.As the personal umbrella policy goes into effect after the underlying coverage is exhausted, there are certain limits that usually must be met in order to purchase this coverage. To get your personalized quote for umbrella policy in Omaha and surrounding areas, contact me or visit our quotes page.