Whether it's being a little league coach, selling crafts at your local fair, driving people to Sunday church, or volunteering at your local food pantry, most families engage in a lot of activities outside of their regular work and school routines. While these activities can be lucrative and/or benefit the community, they can also expose you to liability. Most of us don't think about this liability when we agree to volunteer or coach, but what happens if someone is injured while you are driving for church or trips on your booth decorations at the fair? Most homeowners' policies won't cover this type of liability if someone sues you for their medical expenses. That's where an umbrella insurance policy can be invaluable.
Umbrella insurance provides protection against financial loss if you are sued while engaging in an activity outside the parameters of your regular home, work, and school routines. This can be volunteer work, working a side gig, or even engaging in extreme sports like motocross racing or double diamond downhill skiing. Your umbrella policy provides funds to settle or defend, if necessary, a liability lawsuit resulting from a covered activity. Without this type of insurance, you could face an obligation of thousands or hundreds of thousands of dollars. Since most of us don't have that kind of money in our bank accounts, such a lawsuit could put your house and your retirement income in jeopardy. One umbrella policy covers you for all these outside activities; you don't have to purchase separate policies.
To learn more about protecting your family from financial loss with an umbrella insurance policy, contact Midwest Professional Insurance. We've been helping families like yours with their insurance needs for more than a decade.