| The basic coverage for personal liability in | | | | your insurance needs with a reliable agent. The |
| standard homeowners, rental, and auto insurance | | | | internet has many clear, illustrated paragraphs of |
| policies often will not cover high losses of court | | | | available types of policies. Individuals may study |
| awarded damages. Additional personal liability | | | | thousands of agents and companies, have |
| insurance will add a higher level of protection. This | | | | questions answered, and purchase all types of |
| additional policy forms an umbrella because it | | | | insurance policies online from the leading insurance |
| covers protection above and beyond standard | | | | companies of the world. |
| homeowners and auto policies. | | | | Do not risk future financial disaster because you |
| Additional costs will vary with insurance | | | | failed to act by saying, "It can't happen to me. I |
| companies, but usually average from $200 to | | | | don't need extra coverage." The coffee table in |
| $300 a year for additional protection of 1 million | | | | your living room that you gingerly step around |
| dollars. This coverage may insure automobiles, | | | | could cause a house guest to topple over. |
| boats, homeowners, and renters insurance. Most | | | | Another friend on an overnight stay slips on the |
| insurance companies require basic insurance of | | | | staircase as she is on the way to the kitchen to |
| $100,000. | | | | get a cup of warm milk. These people might not |
| The insured should ask the following questions: | | | | be injured, but it is possible. |
| 1. How much do I have to lose? | | | | If anyone has an accident in your home or on |
| 2. What is the monetary total of my assets? | | | | your grounds, they could be severely injured. |
| 3. How much would legal fees cost me? | | | | That is when you are in dire need of a personal |
| 4. Are umbrella personal liability policies which | | | | umbrella policy. The insured needs to evaluate all |
| cover one million dollars or more worth the extra | | | | possible situations that could lead to a major loss. |
| premiums? Most insurance advisors recommend | | | | Remember personal liability insurance does not |
| that they are. | | | | cover any business whether it is operated in the |
| Rate yourself and your family: | | | | home or at an independent location. They are |
| Are you careless? | | | | separate entities. The insured needs business |
| Do you own a pool or an active recreation room? | | | | insurance to cover any losses. Umbrella policies |
| Do other people work in your home? | | | | are available to cover the insured's business. |
| Have accidents occurred in your home? | | | | If you still have doubts, get assistance from a |
| Add to this list of possible personal hazards. | | | | certified public accountant who does not make a |
| If you answered yes to any question, you need | | | | commission on insurance sales, but charges for |
| additional protection of the umbrella liability | | | | the office visit and the advice. Also, and very |
| insurance policy. Don't forget to buy additional | | | | important, take the time to read every word of |
| auto insurance. | | | | your policy, and if you don't understand it: ASK |
| Study liability insurance on the internet or consult | | | | QUESTIONS. |