Real Life Umbrella Insurance Claims

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You may think your standard insurance policies are enough to cover you against damages that could arise in regards to your home, car or any other insured item you own.? Well the reality is you probably aren?t as covered as you may think.? Standard policies only cover up to a certain amount, so if there?s a leftover balance, that money?s coming right out of your wallet.? In order to give yourself the addition coverage needed, investing in CT umbrella insurance is the way to go.

Even though you may think you don?t need additional coverage, chances are you?re incorrect.? Countless people are under the impression that their standard policies have everything covered, but they don?t. Umbrella policies provide for what other policies do not.? Here are some examples if you need further persuasion:

Claim Scenario #1

The Insured?s 18 year old son was driving the Insured?s car on a short trip to the store with his girlfriend, the Claimant.? The car left the roadway and struck a tree.? The Insured?s son told the police that a vehicle cut him off, but there were no witnesses and no evidence of any impact with another car.? The Claimant has no recollection of the accident.

The Claimant, a 19 year old college student, was hospitalized for over a month with multiple fractures and internal injuries.? She was in a wheelchair but is now able to walk with crutches and continues with physical therapy.? She has a right drop foot as a result of the injuries.? The Insured?s personal umbrella policy limit was paid.

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Claim Scenario #2

Claimant, age 2, was on the Insureds? property with his grandparents who were there to care for 2 horses owned by the Insureds.? The Insureds were out of town on vacation.? The Claimant was kicked by one of the horses, taken to the emergency room, and then life flighted to a larger hospital.

The Claimant was given a 5% chance of survival and underwent surgery for a cracked skull (a piece of which was missing) with 30% damage to the right side of his brain.? He survived and is residing in a neighboring state at a rehabilitation center. A large payment was made under the personal umbrella policy.

Hopefully these examples gave you a better understanding of CT umbrella insurance.? If you?re contemplating as to whether or not you should get this coverage, then you need it.? Let Paradiso Insurance take care of you today!

*claim examples courtesy of RLI*

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Tags: ct insurance, CT umbrella insurance, paradiso insurance, umbrella insurance

Source: http://www.paradisoinsuranceblog.com/2011/08/real-life-umbrella-insurance-claims/

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