It’s an exciting time in your life. You started a new job, purchased your first home and have the "grown-up" car you always wanted. But did you know the home and auto insurance policies you have now may not be enough to protect your financial future?
When Home and Auto Insurance Isn’t Enough
Ensuring your home and auto insurance has the proper liability limits is the first step in protecting yourself. However, in some scenarios, those limits aren’t enough. And when those liability limits are exhausted, you are financially responsible.
For example, let’s say you are hosting a party for your neighbors in your new home in Mesa, AZ. Everyone is enjoying themselves when all of a sudden one of the kid’s trips and falls down your stairs. It was a pretty bad fall requiring a call to 911. While the child was okay, they will need extensive surgery on both their arm and leg, which means a lengthy stay in the hospital plus physical therapy after. And since it happened at your home, you are liable for those medical bills. Plus, you want what’s best for your new neighbor.
Unfortunately, the liability limit on your homeowner’s policy is eaten up pretty quickly, and there are still bills to pay. These bills could come out of your pocket, or if a lawsuit happens, your future earnings may be at stake. However, if you have an umbrella policy, it would kick in after the personal liability limits on your homeowner’s policy is gone. Giving you an added layer of protection. The insurance experts at INW Insurance Group believe in protecting you from all angles. The right umbrella policy can do that for you.
If you live in Mesa, AZ and are ready to talk about protecting your financial future. Give the friendly insurance experts at INW Insurance Group a call today.