Do you need an umbrella insurance in Cincinnati? Call 513-662-7000 and speak with one of the experts with our independent insurance agency. Umbrella insurance quotes are available in all 50 states click here.
Do I Really Need Umbrella Insurance in Cincinnati?
If a serious accident or claim occurs and you do not have umbrella protection you may be in serious financial jeopardy due to the fact that all of your personal assets can be taken from you to satisfy court order judgments that are levied against you.
If you believe that filing bankruptcy will help you if a large judgment is assessed against you, you might want to reevaluate that idea.
The court system will first take away all of your liquid assets to satisfy the judgment! So another words, if you had $500,000 in a mutual fund which amounts to your entire life savings, and a $1 million judgment is assessed against you, they will take your $500,000, every single penny! The court could write off the other $500,000, or set up a garnishment order against your future earnings.
Recent Example Where an Umbrella Insurance Policy Would’ve Come in Handy
A local police officer was severely injured by a person who hit the officer by accident and subsequently fled the scene. Later that person turned themselves in. The police officer sued for his injuries and was awarded $1.9 million. If this person did not have an umbrella insurance policy they would need to pay $1.9 million completely out-of-pocket!
Our Agency Can Find You the Best Prices on Umbrella Insurance in Cincinnati
Call 513-662-7000 or send an e-mail to Jack@pathwayinsurance.net