One of the most common questions we receive is “How much coverage do I need?” As insurance agents our job is to advise you of your options giving you the most information so that you can make a decision and answer that question.
Many of us own homes, have children, and travel to work. Some of us may own a businesss, rental properties, have a pool or trampoline in our yards, own pets that come in contact with people, or have recreation vehicles like a boat or snowmobile. If you answered Yes to any of these, then you need to consider a Personal Catastrophe policy, also known as an Umbrella Policy.
Some call a personal umbrella policy the back up plan. We think you’ll call it the better plan.
Purchasing an umbrella or Personal Catastrophe Liability (PCL) policy, can offer you a higher level of financial security. It’s over and above the limit of your auto or homeowners policies, in case you are sued for an accident.
PCL policies are important in this litigious age of multi-million dollar lawsuits. The policy offers an additional $1 to $5 million in coverage for you and eligible family members, if you’re held liable for personal injury or property damage claims.
Contact our agency to learn more about the coverage.