Ever hear the saying, “my freedom begins where yours ends?” That’s kind of how Personal Umbrella Policies (PUP) work. Right at the line where your auto or home policy ends is where your PUP will take effect. If a lawsuit is taken against you for an accident that happens on your property or involving your vehicle your regular insurance is not likely to be very helpful.
For example, if a neighbor is injured at your 4th of July BBQ you can be sued for an amount that you are completely unprepared to handle. You may be doing something as normal as leaving the parking lot of your office when you accidentally run over a pedestrian on the sidewalk.
You just don’t know when a tragic accident will happen. For many of us, a Personal Umbrella Policy is the only way we can prepare ourselves for these situations and prevent devastating financial times for our families.