reprint from Farmers Insurance
Your driveway
You may think of your driveway as a simple strip of concrete that takes you from your private property to public roadways. Or perhaps its brick pavers are an attractive part of your curb appeal. In either case, your driveway is your responsibility — make sure it’s properly maintained so it doesn’t become a hazard.
Trip and fall
Driveways don’t stay smooth forever — uneven pavers or driveway cracks and potholes are a common problem. They compromise the appearance of the driveway, can be hard on your car and most importantly, can present a tripping hazard. If someone trips and falls on your property you may be legally responsible for their injuries. And some homeowners insurance policies may not offer enough protection against major personal liability claims.
What would you do if a mishap occurred on your property and caused damage or injuries beyond the terms of your homeowners insurance? Worse yet, what would you do if you found yourself named as the defendant in a multi-million dollar lawsuit because of damages or injuries that occurred on your property? We don’t expect the unthinkable to happen but sometimes it does. Although there’s no way to completely avoid the possibility of being sued, there is a way to help reduce the potential impact of a devastating lawsuit: personal liability coverage.
Do you have an umbrella?
Farmers Personal Liability Umbrella insurance supplements the liability coverage you already have through your homeowners or auto insurance and provides an extra layer of protection through increased or excess coverage limits. The umbrella policy kicks in when you reach the limit on your underlying liability coverage. Most importantly, the cost of your legal defense is provided for a covered loss.
Plan for the unexpected
Most of us work very hard to accumulate assets — it’s important to try to protect them. You never know when the unexpected may occur — make sure you’re prepared and don’t forget your umbrella. Call me for more information.
You may want to consider purchasing a Personal Umbrella policy if:
- You want greater liability coverage than you already have through your homeowners or auto insurance.
- Your total assets exceed your underlying liability limits.
- You want to make sure your current assets and future earnings are protected.
- You earn or have the potential to earn significant income.
- You have or have the potential to have assets over $1 million, including property and vehicles.
- You are financially responsible for a young or inexperienced driver.
- You frequently carpool young children.
- You own or operate an aircraft or boat.
- You own a swimming pool, trampoline or dog.
- You own waterfront property, a farm or a ranch.
- You employ one or more people in your home.
end of article
Always make sure your auto, fire (home, condo, & renters), earthquake, flood, umbrella, and life insurances all properly work together to protect your home, your business, your future.
Farmers Insurance & the Platinum Elite use an investigative and educational process to ascertain your current risk exposure and deliver to you through our 'Value Insurance Proposal' (VIP) the correct levels of coverage at the right price without compromising vital coverages. You need to protect your family and the assets you have spent a lifetime acquiring.
With Farmers Insurance & the Platinum Elite, there is a difference. Discover:
Why Platinum!
* The content of this blog is for informative purposes only. It does not reflect official standing of any agent, agency, or company mentioned on the blog. Nor is this blog necessarilly an endorsement. Please consult with your insurance, tax, or legal specialist before making any decisions. This blog is purely meant to spark the thought process.
