An umbrella liability policy gives you extra coverage not provided by your auto and home owner’s policies.
Risk and balance are major factors in considering this type of policy. You must balance your trust in God against the risk of being sued as the result of an auto accident or injuries sustained on your property.
The probability of being sued is fairly high in our society, but there’s no way we can insure against every contingency. First, it’s too costly and, second, it’s not trusting God to provide. So where is the balance?
Statistically, very few home owners are going to be sued for $1 million and lose. But if you have a large net worth and your occupation is one with a lot of public exposure, it may be wise to cover yourself for additional limits in our sue-happy society. A great many automobile drivers run a higher risk of being sued for $1 million than home owners do.
Risk and balance are major factors in considering this type of policy. You must balance your trust in God against the risk of being sued as the result of an auto accident or injuries sustained on your property.
The probability of being sued is fairly high in our society, but there’s no way we can insure against every contingency. First, it’s too costly and, second, it’s not trusting God to provide. So where is the balance?
Statistically, very few home owners are going to be sued for $1 million and lose. But if you have a large net worth and your occupation is one with a lot of public exposure, it may be wise to cover yourself for additional limits in our sue-happy society. A great many automobile drivers run a higher risk of being sued for $1 million than home owners do.
0 comments:
Post a Comment