| Today, lawsuits and court awards are consistently
on the rise. In many cases they have reached excessive
proportions. There was a time when liability limits of $1,000,000.
or $2,000,000. were considered adequate. NOT ANY MORE!
For example this year alone hundreds of people across Ontario find
themselves being sued as a result of an auto accident. In many of
these cases the amounts being sued for are in the 2 to 5 million dollar
range. Although they may have carried 2 million dollars of liability
protection on their automobile policy, they unfortunately still face the
very real possibility of losing every asset they have acquired to this
point in their lives because they simply did not have enough liability
insurance.
Also, a PERSONAL UMBRELLA Policy provides additional "first dollar
liability protection" for certain coverage's not normally included in
your standard policies.
Some examples are: Personal injury (libel, slander) false
arrest,
wrongful eviction, defamation of character.
Excess automobile coverage is provided outside Canada and the United
States in excess of $250,000 retained limit.
Extension of coverage to officers or members of non-profit
organizations
HOW DO I OBTAIN A QUOTE ON AN UMBRELLA POLICY?:
This is the easy part. If you are an Ontario resident simply pick up the phone and call us toll free at
1-800-590-3269. Tell our
telephone receptionist that you want information on a PERSONAL UMBRELLA
Policy and a friendly Insurance Broker will be pleased to
provide you with a quote and answer any questions you might have.
We feel very strongly about this valuable coverage especially in this
day of sky-rocketing liability lawsuits. |
