When it comes to liability coverage in Connecticut, many people can’t imagine needing any more than their basic insurance policies provide. However, your current limits on your auto and/or homeowner’s insurance policies really may not be enough to protect you and your family from potential accidents and lawsuits. Instead, you may need to look into an umbrella insurance policy. Picture any one of these scenarios:
- You’ve been deemed at fault in a major car accident, requiring pay-outs for medical care and property damage. These costs are in excess of your auto insurance coverage limits.
- Someone slips on the sidewalk located on your property and consequently sues you for medical treatment and disability. The cost of the lawsuit exceeds the coverage limits on your home insurance.
- Your dog bites and injures a visitor of your home. All medical expenses are billed to you and you do not have enough liability coverage on your home insurance policy to cover the costs.
In all of the above situations, when your basic insurance policies aren’t enough, you need to have extra liability protection to protect you from financial disaster. Bodily injury, property damage, and lawsuits can add up to thousands, if not millions of dollars. An extra layer of protection can help make liability situations more manageable. You will be covered against the “what if” situations that you can’t prepare to be faced, and won’t have to worry about selling off assets such as your home, boat, RV or other valuables.
While considering extra liability, think about some of these fun facts about our state and how liability coverage may come in handy:
- Over 40 million dollars per year is spent by hunters.
- The best trout fishing is between late April through May, and over 400,000 fishers spend close to $300 million every year.
- The average driver in this state drives about 24,000 miles annually. Compare this to the 17,000 in 1980.
Umbrella Insurance coverage in CT is more affordable than you may think. When added on to one of your basic policies, you may not notice a difference at all! You should speak with an agent to decide which coverage limits are most appropriate for you. While you’re at it, ask about discounts you may be eligible for as well. Our agents will take a look at the policies you do have and recommend liability limits on top of the existing limits on your home and auto insurance policies. Typically, we recommend a limit of at least $1,000,000. However, the type and worth of your assets, as well as additional liability factors, such as the ones listed below, can be reason for extra coverage:
- Young drivers
- Pools or trampolines
In order to get the most accurate quote from the agents at Encharter Insurance, it is helpful to have the limits on your existing insurance policies. You can find this information on your policy’s declaration page.
For more information or for your quote on an umbrella insurance policy in Connecticut, give our agents a call at 888.754.8299 or fill out our online form.