Why You Need an Umbrella Insurance Policy
by Lance Winslow
We have all heard stories where someone gets sued for a huge amount, but the insurance company only covers a certain amount. The Insurance Company goes to court for the policy holder, but the courts award
more money than the face value of the policy. The Insurance company pays up to their limits and the lawsuit requires the policy holder to come up with the difference. The policy holder inevitably does not have that much in liquid assets and thus, they lose everything they have. Why did this have to happen?
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