Your agent at Voi Insurance Solutions LLC may suggest an umbrella policy when you reach 40, even if you’ve declined it before. This isn’t due to stubbornness. We want all of our Glendale, CA, clients to have the financial security that comes with adequate coverage.<\/p>\n
Umbrella insurance is a secondary policy that provides additional liability coverage once your primary policy has been exhausted. Carrying it ensures that you won’t have to pay out of pocket for a settlement. An umbrella policy applies to all primary policies a person holds, so financially, it doesn’t matter whether a person with an umbrella policy causes a car accident, a boating incident, or if someone falls at their home and sues for medical costs.<\/p>\n
The need for umbrella coverage increases after the age of 40. Without it, people would have to pay a liability settlement out of pocket, leaving them less time to replenish their savings or retirement fund. If a 25-year-old caused an accident and only had auto coverage, they might have to pay a portion of the settlement out of pocket.<\/p>\n
For instance, to pay a $100,000 settlement, they might have to empty their retirement fund. But they have 40 years to repay themselves, so this doesn’t pose a problem. Now, imagine the same situation with a 40-year-old. This individual now only has 25 years to repay themselves. A person who causes an accident is liable for all injured parties.<\/p>\n
Incurring a liability at 60 years of age without adequate coverage could deplete a nest egg, but with umbrella coverage, it never negatively impacts the person’s finances.<\/p>\n
Don’t get caught without umbrella coverage, Glendale, CA, residents! Call or email Voi Insurance Solutions LLC today to set up your policy. Let us help you safeguard your financial security.<\/p>\n","protected":false},"excerpt":{"rendered":"
Your agent at Voi Insurance Solutions LLC may suggest an umbrella policy when you reach 40, even if you’ve declined it before. This isn’t due to stubbornness. We want all of our Glendale, CA, clients to have the financial security that comes with adequate coverage. The Significance of an Umbrella Policy Umbrella insurance is a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2,9,3],"class_list":["post-184","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-glendale-ca","tag-umbrella-insurance","tag-voi-insurance-solutions-llc"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=184"}],"version-history":[{"count":1,"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/184\/revisions"}],"predecessor-version":[{"id":185,"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/184\/revisions\/185"}],"wp:attachment":[{"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.voiinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}