Have you ever read about a large jury verdict? How do those defendants pay the cost of those verdicts, not to mention their lawyers? If their home or auto liability coverage isn’t enough, it’s possible those defendants may go bankrupt because of a significant jury verdict.
Because a personal umbrella policy is like a type of excess insurance, it is relatively inexpensive compared to traditional home or auto insurance.
The reason umbrella policies are so affordable is that the law requires that basic coverage must be paid out first. In the case of an auto accident with $500,000 in injury damages, the auto liability policy pays on a primary basis. An umbrella policy is only accessed if the claim has not been completely paid.
Generally, your primary policies will cover personal injury and property damage, but umbrella coverage is a little more extensive. Umbrella policies cover you in case of any bodily injury or property damage cause by you, your pets, or your dependents, directly or indirectly.
Manassas City Public Schools Education Foundation
September 11 at 2:19 PM ·
The pandemic delayed the celebration of our scholarship winners, but let's make up for it with enthusiasm! 🎉 Introducing Samantha Donaire, winner of the Delegate Harry J. Parrish Community Service Scholarship. Find out how Samantha's career plans echo her beliefs.
#MCPSEF
#OneOsbourn
#StudentSuperstars
We remember!
Sit down with your insurance expert to determine your assets and what's at risk if you are sued for millions of dollars. Judgments from fatal car accidents typically exceed $1 million.
When was the last time you conducted an inventory of the property in your home? Experts say it’s a good idea to have an inventory in writing, or on video, as a way to prove losses in the event of a fire or other homeowner’s claim. The inventory may also remind you of the number of valuable items in your home that may need to be protected by an umbrella policy.
If you are a frequent traveler, additional umbrella insurance can help to protect you if an accident occurs on the road. This type of insurance will fill in gaps from your regular insurance policy, plus cover costs if you need to hire a defense attorney.
If you have a boat, you may want to consider adding an umbrella liability policy to protect you if you take guests out on it or if you water-ski or use other recreational watercraft. If someone is injured while aboard your vessel, an umbrella policy covers what your regular insurance will not.
Virginia Tech Dining Services
April 24 at 5:00 PM ·
𝐓𝐡𝐞 𝐅𝐚𝐧𝐭𝐚𝐬𝐭𝐢𝐜 𝐅𝐫𝐚𝐧𝐤 𝐒𝐚𝐧𝐝𝐰𝐢𝐜𝐡 from Owens Food Court
𝘔𝘢𝘬𝘦𝘴 𝘖𝘯𝘦 𝘚𝘦𝘳𝘷𝘪𝘯𝘨
∙ 1 focaccia bun
∙ ½ tsp. pesto sauce
∙ 1 Tbsp, 1 tsp. mayo
∙ 4 oz. fire braised chicken breast
∙ 2 oz. roasted red pepper strips
∙ 1 oz. provolone cheese, sliced
∙ 1 oz. lettuce mix
∙ 1 dill pickle spear
Slice focaccia bun in half. Flip focaccia halves upside down so that the top and bottom of the bread are in the center.
Place provolone on the bottom piece of bread and top with chicken breast. Cover with upside down top of bread and place in oven to toast / melt cheese / warm chicken.
Remove sandwich from oven and open sandwich. Top chicken side with red pepper strips and lettuce mix.
In a small bowl, blend pesto and mayo together with a whisk until combined and smooth.
Spread pesto mayo on top piece of focaccia bread and close sandwich. Cut in half and serve. Place dill pickle spear to the side of sandwich.
Serve with your favorite pasta salad, mixed fruit, or chips. Enjoy!
#VTDining #VTDiningAtHome #HokiesStayHome
Commercial umbrella liability insurance policies will add an extra layer of financial protection for your business. This type of insurance will protect your business from financial costs which may arise if you or the business is ever sued.
GO HOKIES!!
Hokie Club is at Lane Stadium.
October 23 at 1:59 PM · Blacksburg, VA ·
Section DD - North End Zone
Every year you should conduct an evaluation of your homeowner’s insurance to make sure it has kept pace with increases in property values and improvements you have made. However, no matter how up-to-date it is, there are still limits. You can increase your level of protection by adding an umbrella policy to your existing coverage.
Did you know that umbrella insurance policies provide insurance beyond traditional home and auto? They can also provide coverage for claims that may be excluded in primary policies, such as false arrest, libel, slander, and invasion of privacy.
If you own a rental unit, umbrella insurance is a good option. This type of policy will help to protect you against liability that you may face as a landlord: everything from personal injury to someone getting bitten by your tenant’s dog.
Personal umbrella liability insurance is additional liability insurance that will protect you if someone has an accident on your property – or if your property is involved in an accident – and you are found responsible for the incident.
Do you already have an umbrella policy? This is great news, but most people’s financial situation changes yearly, so it might no longer be enough. An insurance expert can go over your current financial status to help you find the right umbrella policy.
Progressive has been insuring recreational products for over 35 years and is an industry leader when it comes to protecting your "toys"! Give us a call to quote your boat, RV or motorcycle. 703-368-9271 Ratcliffe Insurance
If you earn more than $100,000 per year or have more than $1 million in assets, it is a good idea to invest in an umbrella policy of more than $1 million, since your coverage should be at least the same as your net worth.
DRIVE SMART Virginia
November 18 at 6:20 PM ·
Make it click! #LoveClicks
We wish you and your family nothing but the best this Thanksgiving and throughout the holiday season.
Ratcliffe Insurance will be closed both Thanksgiving Day and the day after.
We wish you a safe and happy Thanksgiving!
Did you know that it is necessary to review your umbrella policy annually? This way, you can keep it up to date and make sure you are getting the best coverage possible.
Umbrella policies are designed to reduce the risk that a horrible accident or catastrophe could put you in financial peril. For example, if you have $300,000 in auto bodily injury coverage and you are at fault in an accident with more than $1 million in damage, you can be personally sued for the difference.
Insurance and investment were separated around the 14th century in Genoa. These insurance contracts were not bundled with loans or other contracts and were backed by pledges of landed estates.
Of the estimated 5.5 million car accidents every year in the country, more than 3 million people are injured and 40,000 people are killed, according to the National Highway Traffic Safety Administration.
If you have company-wide celebrations – picnics, parties, and the like – and someone is injured, you may end up on the wrong end of a lawsuit. Protect yourself and your business from litigation with an umbrella liability policy.
It’s important to remember that being a Notary Public isn’t just about stamping documents for a fee. Since you’re responsible for verifying that the signature isn’t a forgery, a bond of some kind is typically required.
Umbrella liability policies are not only for homeowners; business owners can also avail themselves of this particular type of protection. As long as you have customers coming through your doors, you can be held liable for any injuries that may happen.
