Darras Says, "Don't Let Your Independence Day Fun Ruin Your Financial Independence"

June 29, 2010

Fourth of July can be a lot of fun. Backyard barbeques, swim parties, and fireworks. "You want to have protection above and beyond any homeowner, auto or watercraft policy you may have," says Frank N. Darras, the nation's top insurance attorney. "Should someone get injured on your property, a civil suit against you may not be covered by your policy. And, even if it is, chances are the dollar amount of the lawsuit will exceed the benefits of your policy."

An umbrella policy gives you the protection that you need should summertime fun turn into summertime disaster. Umbrella policies offer millions of dollars of insurance protection for minimum monthly premiums. And, as the name implies, it can cover everything from your car to your home. It is designed to pick up where your regular policy leaves off and to prevent catastrophic financial disaster. See www.darraslaw.com.

It was once thought to be insurance for only wealthy people, who were often targets of expensive lawsuits. However, in this era of lawsuit mania, it is wise for anyone to have this type of coverage to protect their homes and other assets. Don't be the person who thinks, "It can't happen to me." It can, says Darras.

Think about this scenario. You might be involved in a boating accident with 6-10 different witnesses. You were alone and in the other boat was a family of four. The majority of the witnesses testify in favor of the family. We would like to think that all of us are protected equally by the law, but the reality is that anything can and does happen in a court of law. Your case could go before a single judge or a jury of your peers. So you could have one person or 12 deciding your fate. Sometimes things don't go as we think they should. It is best to be protected against unforeseen events that could drain all your assets.

Another good thing about umbrella coverage is that it covers you no matter where you are in the world. "An umbrella policy essentially gives you the peace of mind that no matter what happens, your assets are protected against complete financial loss," assures Darras.