It’s a cheap way to protect your assets from potentially devastating lawsuits. Even if your assets aren’t substantial, it can be well worthwhile to purchase a million dollar policy (or higher) to supplement your auto and homeowners liability coverage.
Why? In the rare event you are sued, you could be forced to pay a legal judgment from your current assets and future earnings. Although premiums vary, someone with one house and two cars would generally pay about $200 per year for the first million in coverage.
To learn more about umbrella insurance policies and estate planning in Ohio, please contact the trusted attorneys of Browning & Meyer Co., LPA.
Browning & Meyer Co., LPA is a law office with more than 60 years of experience in the firm’s specialized areas of practice, which include estate planning, elder law, estate administration, probate administration, trust administration, asset preservation, tax planning, guardianships, special needs planning, and Medicaid eligibility planning and litigation. We have the ability to offer a wide array of legal services to assist you and your family as you move through the stages of life.