If you are like most people, you have some liability insurance coverage through your homeowners and automobile policies. But have your coverage limits kept pace with your exposure to risk? Are you making more money, living in a more expensive home, or holding more assets than you were a decade ago? Even if your income and net worth haven’t increased significantly over the past 10 years, consider this: Between 2001 and 2007, the average jury award for all liability cases increased by almost 62%. Although the risk of being hit with a multimillion-dollar judgment in a personal injury case is fairly low, so is the cost of owning adequate protection. An umbrella liability insurance policy may help add an extra layer of insurance coverage to your current risk-management strategy without significantly higher premiums. For a Rainy Day
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