Should I buy a personal umbrella policy?

Should I buy a personal umbrella policy?

You may have heard of personal umbrella insurance policies that act as a sort of bonus coverage in case you’re sued by someone. Everyone wants to feel protected from lawsuits, especially in our sometimes overly litigious society, but doesn’t your auto or homeowners insurance cover you? You’ll find most standard types of insurance only cover you up until a certain amount. A personal umbrella policy (PUP) adds another layer of protection and can be used to pay for legal fees and fines incurred in excess of what your standard insurance covers. If you’re involved in an automobile accident, whether you have a PUP or not, contact one of the car accident lawyers with Ellis Law right away. We’re standing by, 24/7, to hear your side of the story. 

When does it make sense to buy a PUP? 

Personal umbrella policies are great for anyone who wants extra peace of mind. They are relatively affordable, and can really come in handy if you are sued. People who work with kids, people who own a commercial fleet of vehicles, landlords who are responsible for maintaining safe common spaces, and business owners should all strongly consider a personal umbrella policy. Accidents do happen, and if you’re found to be at fault, you could end up spiraling into bankruptcy and losing your home, shop, and/or savings. If you’ve been injured in the accident as well, even if you’re not sure who is at fault, you should contact a personal injury lawyer. Only with talented legal representation can you be certain your rights are being protected. 

When not to buy a personal umbrella policy? 

Basically, if you can afford it, and you want to make sure your assets are protected from a lawsuit, you should buy a PUP. That being said, if you have no assets to protect, you might not feel you need extra coverage. At Ellis Law, we advise anyone who owns a home, business, or rental property, or works with kids, the elderly, or as a caregiver of any type, to buy a personal umbrella insurance policy. The choice is yours, though should an unfortunate event happen, you should be more prepared to avoid financial disaster with a PUP. 

Accidents usually happen for a reason 

Accidents usually happen for a reason, but sometimes that reason isn’t obvious. If you’ve been injured in an accident in the Los Angeles area, you should schedule a free and confidential consultation with Ellis Law. We can help form a clear picture of what exactly happened, and we can steer you towards trusted physicians who will properly assess your medical needs. Our talented partners strive to make the process of hiring a lawyer as easy as possible for you. If you are too hurt to travel to our offices, we can make an appointment to come chat with you in your home or care facility. You are under no obligation to retain our services after our consultation. 

An experienced legal team with no upfront fees 

Should we decide you have a case, we’ll get to work right away with no upfront legal fees. We don’t get paid unless we win you a jury verdict, or you agree to a fair settlement. Even with good insurance, it can still be all too easy to empty your savings account after a serious accident, especially if you’ve needed medical care or missed work. Don’t let a lack of funds stop you from pursuing justice. Meet with our legal experts today and take the first steps towards securing compensation. 

We’ve won over $350 million for our clients 

It’s a figure we’re very proud of, and it’s a figure that continues to grow. Founded over 25 years ago by U.S. Army veteran and Loyola Law graduate Andrew Ellis, Ellis Law has earned a reputation for delivering results. Though every case is different, and no outcome can be guaranteed, here are some examples of damages we’ve collected for our clients in the past: 

  • $1.4 Million: Plaintiff was rear-ended at a traffic light by a commercial truck 
  • $2.4 Million: Serious accident on the 10 freeway 
  • $2.9 Million: Accident in Los Angeles caused by unsafe lane change 
  • $3 Million: Fatal accident caused by truck driver asleep at the wheel 

When your health, happiness, and financial future are on the line, you owe it to yourself to work with the best. Contact a personal injury lawyer with Ellis Law today.