Personal umbrella liability policies are not just for the wealthy.

America might well be called the Land of Lawsuits. People are suing each other right and left, and juries are awarding multi-million dollar verdicts in some cases. No one, no matter what his or her income level, is immune from these huge judgments.

While multi million dollar verdicts are relatively infrequent compared to the total number of claims, there is a real possibility that you could find yourself embroiled in a lawsuit that could wipe out your assets and even your future earnings.

Although liability protection under your auto and home insurance policies may be adequate for most claims, it’s not sufficient to protect you against the type of monster awards being metered out by many juries today. These gaps in coverage can be lessened or closed by a Personal Umbrella Liability Policy which provides coverage of $1 million to $5 million in excess of your existing liability coverage and they are now more affordable than ever.

Check out this information from the: 
New York Times

METRO AGENCY AUTOMOBILE
INSURANCE COVERAGE TIP SHEET

DON’T EVEN THINK OF BUYING A NEW POLICY
WITHOUT THIS IMPORTANT INFORMATION!

There are more coverages and options than those shown below. The examples are for illustrative purposes only. They are not specific recommendations for you.  Please refer to the actual policy form and endorsements for full coverage descriptions, exclusions, conditions, and limitations. 
For more information please contact us.

AUTO POLICY BASICS

BODILY INJURY LIABILITY  •  Example… $100,000 / $300,000 (suggested minimum)
Protects against damages to persons that you are legally obligated to pay as a result of a covered automobile accident.  The first dollar amount shown is the policy limit per person injured; the second is the policy limit per accident.

PROPERTY DAMAGE LIABILITY  •  Example… $100,000 (suggested minimum)
Protects against damages to property that you are legally obligated to pay as a result of a covered automobile accident.  The dollar amount shown is the policy limit per accident.

Tip: A seven-figure umbrella policy is always worth exploring, as it  provides million dollar layers of protection over and above your auto and homeowners liability limits.  “Umbrella” policies start at $1,000,000 and go up from there.

UNINSURED/UNDERINSURED MOTORISTS LIABILITY • Example… $100,000 / $300,000 (suggested minimum)
This coverage protects you against bodily injury [and PD -- if in your state] caused by an uninsured [and/or underinsured] driver who is determined to be liable for the auto accident.  The first dollar amount shown is the policy limit per person injured; the second is the policy limit per accident.

COMPREHENSIVE AND COLLISION  •  Example… $500 deductible
These two optional physical damage coverages pay for the repair or replacement of your vehicle in the event of a covered accident, subject to the deductibles selected.

POPULAR POLICY EXTRA  •  Rental reimbursement example… $20 per day / $900 total (suggested minimum)
Rental Reimbursement is also called “transportation expense.”  It pays a specified amount per day for a rented vehicle, subject to a maximum stated dollar amount, when yours is being repaired due to a covered claim.  There is no deductible.

© 2010 Agency Ideas® / Shulman Consulting Group, Inc.   All rights reserved.

Important information for Blue Cross Blue Shield of Michigan health insurance clients:

Since PPACA became law on March 23, the federal Department of Health and Human Services has released interim regulations for various provisions.

At this time, BCBSM and BCN are implementing benefit changes impacted by these provisions:

• Extending dependent coverage up to age 26
• Removal of lifetime dollar limits
• Removal of pre-existing condition exclusions for children up to age 19
• Prohibiting rescissions with limited exceptions
• Clarifying emergency services

BCBSM and BCN were compliant with these provisions prior to the passage of PPACA, which means no action is required:

• Obstetrician/gynecologist for women's access
• Pediatrician for child's primary care physician

For more information please visit this site: http://www.bcbsm.com/portal/bluesmarketplace/pdf/103091ONHR_180-dayChange_IND_v04web.pdf