Real Life: What is the Benefit of an Umbrella Policy?

A ?real life? example from one of our clients comes from an unfortunate accident involving their son and his girlfriend.? Despite the tragic nature of the story, there was one less thing to worry about because they had proper insurance coverage.

One of our insured?s 18 year old son is driving the insured?s car to for a quick?trip to the store with his girlfriend, the claimaint. The insured swerves to miss a dog and strikes a tree in the roadway. There were no witnesses and the claimant has no recollection of the accident.

The claimant, an 18 year old college student, was hospitalized for over three weeks with multiple fractures and internal injuries. She is able to walk with crutches but continues physical therapy. She has a permanent drop-foot?injury as a result of the accident.

The insured?s personal umbrella policy limit was paid. Are you wondering what an umbrella policy is, and if you need one?

Wisconsin residents, please contact Dan Wolfgram if you would like to discuss your entire insurance protection.

Source: http://myknowledgecenter.com/personal-insurance/real-life-what-is-the-benefit-of-an-umbrella-policy/

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