The Need For Umbrella Insurance
by Arunraj V.S.
Haven't you heard about the commonplace story where someone got sued for a large amount but the insurance company was able to pay only 60 percent of the amount or so? Let's say that you are sued by
another person and the court awards him a far greater compensation than what you can afford. In other words, your insurance company is able to cough up an amount that is less than what the court directed you to give to the other guy. Now you, the policy holder, has to pay additional amount from his own pocket.
0 comments:
Post a Comment