Accidents happen, even when we are cautious and careful. Your automobile and homeowner policies are designed to protect you in the case of such an accident, but sometimes that is not enough.Million dollar lawsuits are becoming all too common and are increasing in frequency each year. Without adequate coverage, a large liability award from a jury could shatter your financial security. Do you think it can’t happen to you? Consider the following situations.

Real Liability Claims

While painting, a friend shatters his heel when the downspout he was holding onto broke away from the house. Although he was found partially responsible, the fall cost his friend, the homeowner, $1.2 million.
A jury awarded $900,000 to the estate of a 43-year-old father whose death resulted from an automobile accident. The award was based in part on the father’s future earning potential.
At an end-of-school swim party, a 16-year-old dove and hit his head on the bottom of the pool. He became a quadriplegic, and the case resulted in a $1.5 million settlement against the homeowner.

What Liability Insurance Can Do For You

A Personal Catastrophe Liability policy will provide additional protection against the growing wave of exorbitant jury awards in such personal liability cases. This type of policy will not replace your existing automobile or homeowner’s policies. Often referred to as an umbrella policy, it will provide you with extra coverage. A million dollar liability policy can provide you with a great sense of security for just a little bit of money.

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