Indiana Personal Umbrella Insurance

There are two reasons why everyone should consider adding a personal umbrella insurance policy:

1. When it’s your fault – additional liability to protect your assets

2. When it’s not your fault- add uninsured and underinsured liability coverage to protect your income and assets

First, you never think it will happen to you.

You find yourself involved in a car accident. Unfortunately, it’s your fault. Even though you never intended for this to happen, you now realize that you’ll be held responsible for any property damage or medical bills. And what’s worse, you could be held responsible for lost income. Depending on the injuries, property damage and lost income you’re reimbursing, you could be responsible for a large amount of money that exceeds your liability limits on your home or auto policy.

Give yourself and your family extra protection in case you find yourself in a legal battle and your other liability limits are exhausted. Bad things happen to good people at unintended times and one unfortunate accident could bankrupt you and your family. A personal umbrella insurance policy will provide this additional cushion so that you, your family and your loved ones are safe and secure without fear of the future. By allowing the Dean Ballenger Agency to help you with a personal umbrella insurance policy, your family is protected worldwide.

Second, you’re the victim of someone else’s carelessness.

There are several ways to protect your family’s assets. Life insurance, investments and long-term disability, to name a few. However, one of the easiest additions to your armor is to include uninsured and underinsured liability coverage in your umbrella policy that protects you in the event of a catastrophic loss. Roughly 1 in 7 drivers is uninsured. Add to that the number of drivers who only carry state minimum coverage – which is not nearly enough to cover a major accident – and that number increases even more. Honestly, it’s crazy.

We feel strongly that it’s important for you to understand why UM/UIM coverage is so critical – if you’re involved in an accident and the person who caused it either doesn’t have insurance or doesn’t have enough insurance to pay for your injuries or lost income. It would also come into play if you are the victim of a hit-and-run, whether in a vehicle, on a bike, or as a pedestrian, leaving you with nobody’s insurance policy to collect against…making it an “uninsured” motorist claim. We also feel that most people would add this important coverage if they had better knowledge.

When do you need a personal umbrella insurance policy to protect your income?

• Lawsuit
• False claims
• Malicious prosecution
• False arrests
• Damage or injury caused by pets
• Personal injury
• Excessive property damage
• Hit and run
• Drunk driver
• Travel to different parts of the world

We would be happy to review your current insurance policies as part of our stewardship philosophy. We can also discuss with you why a personal umbrella policy makes sense for you.

Contact us today at 317-867-5433 to get started on your Personal Umbrella policy