Pasadena Insurance Agency Offers Caution, Tips on Personal Umbrella Insurance

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As the frequency and cost of lawsuits in the United States continue to rise, Houston insurance leader http://www.pasins.com explains why personal umbrella insurance coverage is fast becoming a necessity for protection from unexpected—and potentially catastrophic—life events.

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Your family and your activities result in lawsuit exposures daily. Many people don't recognize these exposures which can result in catastrophic loss and significant financial burden.

As the frequency and cost of lawsuits continue to rise, the insurance experts at Pasadena Insurance Agency explain why personal umbrella insurance is fast becoming a necessity for protection from unexpected life events.

Each day brings new possibilities for unforeseen accidents.

Individuals can be held liable for: what they say, write or do to another person; for accidents that may occur abroad; and for the actions of children—such as texting and driving—among many other scenarios, said Pasadena Insurance Agency President Frank Karkowsky.

Personal umbrella liability insurance offers coverage from such exposures.

“Your family and your activities result in lawsuit exposures daily. Many people don't recognize these exposures which can result in catastrophic loss and significant financial burden. Personal umbrella insurance offers an affordable layer of protection that protects your savings and other hard-earned assets in the case of a worst-case scenario event,” Karkowsky said.

The personal umbrella policies offered at Pasadena Insurance typically have the built-in and necessary features including: personal injury coverage; coverage on a following form basis; worldwide coverage with no limitations on where a suit may be brought against a client; limits of liability up to $10 million.

The policies are also affordable. A personal umbrella covering one house and two vehicles often costs less than $225 in annual premium for $1,000,000 of additional liability coverage. When you consider a 30 year old earning $30,000 per year has over $1,000,000 of lifetime earnings potential and the median starting salary for a college graduate is higher than $30,000, virtually everyone needs to purchase umbrella coverage.

According to Karkowsky, individuals should also strongly consider purchasing an umbrella policy if:

1. Their assets are greater than their insurance liability limits.
2. They are financially responsible for children.
3. They frequently host guests on their property.
4. Their residence includes a swimming pool.
5. They own watercraft or off-road vehicles.
6. They own rental or vacation properties.
7. They participate in volunteer activities.

For more information on a personal umbrella insurance policy from Pasadena Insurance Agency, visit http://www.pasins.com/. Also, join our Facebook community and connect with us on Twitter @PasadenaInsAgcy.

About Pasadena Insurance Agency:

Pasadena Insurance Agency, Inc (PIAI) is a Trusted Choice® independent insurance and risk management firm. They are a third-generation, family-owned, boutique independent insurance agency offering property & casualty insurance, life & health insurance, and consultative risk management services to individuals and small-to medium-sized businesses.

In business for more than 75 years, they have access to the majority of the insurance marketplace either through direct appointments or intermediaries resulting in the appropriate alignment of insurance carrier to clients. PIAI offers a friendly, community-based agency with personalized customer service, while also providing the capabilities of a large corporate agency with established industry relationships and decades of experience. For more information, please visit http://www.pasins.com/.

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