Insurance: umbrella
October 11, 2017
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Most folks have insurance on their living space and vehicles. Another important insurance is the umbrella policy. If you are blessed to own your own home and are hospitable its important.
V An umbrella policy is a type of insurance that provides liability coverage over and above your automobile or homeowners insurance policy. For example, if someone is seriously injured on your property or related to your vehicle, their costs might be more than your insurance provides. They might sue for much more. This type of insurance addresses liability.
M Sadly our litigious culture makes this an even more important policy to have. We recommend having it.