A commuter walked past a store every day with a sign in the window: Umbrellas—$3.00. One very rainy day this commuter discovered she had left her umbrella at home, so she stepped into that store. She was surprised to learn that the store was out of umbrellas. The moral of this story is that it is best to buy an umbrella before it is needed. Afterwards, it is too late.
People who expect never to have an accident make sure their cars have airbags. People who do not expect to have a fire buy fire extinguishers and smoke detectors. If this makes sense, it also makes sense for the people who do not expect a large liability claim to buy umbrella insurance.
Anybody developing a financial plan is concerned with building and/or preserving his or her financial assets. Liability insurance is a very important tool in protecting one’s assets. The high limits available in a personal umbrella policy help ensure that a lifetime of savings will not be lost through a moment of carelessness that results in a liability claim.
Be prepared. Call us today 966-3732.
