Month: February 2018

Do You Need Umbrella Insurance

Whether you live in Camden, Big Sandy, Holladay, Bruceton or Nashville, TN, we must all realize we live in a litigious society, and for most families it would be financially devastating to experience a lawsuit. Want to protect your assets? An umbrella policy could provide the extra coverage you need.

What does an umbrella policy cover?

An umbrella policy provides additional liability protection. If someone sues you, this policy picks up where your homeowners or car insurance coverage leaves off. Coverage includes everything from legal fees to the settlement amounts associated with a lawsuit.

Umbrella insurance also covers litigation prompted by:

  • Rental property incidents
  • Malicious prosecutions or false arrests
  • Defamation of character
  • Damages for pain and suffering

Who needs extra coverage?

If you’re worried about keeping your existing net worth and future earnings secure, it might be worth looking into an umbrella policy. People with substantial assets often set up umbrella liability insurance to insulate themselves in the event of a lawsuit, but wealthy policyholders aren’t the only ones at risk. If you don’t have significant assets, the court can target your future earnings to pay off damages.

How much coverage do you need?

Umbrella policy premiums are relatively inexpensive compared to what it would cost to have your assets drained. But the more you have to safeguard, the larger the policy you may need.

To figure out how much coverage you need, first evaluate all savings, retirement accounts and physical property. Next, calculate what the potential loss of your future income would be. Finally, add these figures together to form an idea of your potential coverage amount.

No matter how much you have or don’t have, here at Vick Insurance Group, we feel that an umbrella policy can help you preserve your current and future wealth. Feel free to reach out if you have any questions.

 

From <http://stephen.vickinsurancegroup.myhomehq.biz/why-an-umbrella-policy-might-be-the-right-choice-for-you>


What to do After a Car Accident

Unfortunately, most of us will probably be involved in a car accident at some point. Though you may not be able to guess exactly how you’ll react to a crash, knowing what to expect can make this unpleasant experience less overwhelming.

What to Do Immediately After the Wreck

Take a few deep breaths to process what’s happened. Once you’re ready, take the following steps:

  • Check to see if anyone is hurt. This includes yourself, your passengers and anyone in the other vehicle. If anyone has been seriously injured, call 911.
  • Stay on the scene. Take note of the other vehicle’s make and model, and record the license plate number if you can.
  • Keep yourself safe. If your car is stopping traffic or is otherwise in a dangerous place, pull to the nearest parking lot or roadside. Turn off your engine and turn on your hazards.
  • Document the accident. Exchange insurance information and take a picture of any damage if possible. Later, make sure to file an accident report with the authorities.
  • Go home and rest. Then, as soon as you’re able, call your insurance company to notify them of the accident.

Post-Accident Self-Care

Coping with an accident isn’t just about nursing physical injuries. Your mental health is equally important. Once your doctor clears you for normal activity, check in with yourself.

You may feel a mix of emotions, from shock and disbelief to anger or guilt. Don’t hesitate to share the experience with loved ones or a professional counselor. If you’re still having trouble feeling comfortable behind the wheel after a few weeks, consider taking a defensive driving course.

Even minor accidents can have serious effects, so give yourself time to recover and ask for help when needed.

Be sure and check out Vick Insurance in Camden, TN for our video library and by-monthly blog.


Do You Need Umbrella Insurance?

 

We live in a litigious society, and for most families it would be financially devastating to experience a lawsuit. Want to protect your assets? An umbrella policy could provide the extra coverage you need.

What does an umbrella policy cover?

An umbrella policy provides additional liability protection. If someone sues you, this policy picks up where your homeowners or car insurance coverage leaves off. Coverage includes everything from legal fees to the settlement amounts associated with a lawsuit.

Umbrella insurance also covers litigation prompted by:

  • Rental property incidents
  • Malicious prosecutions or false arrests
  • Defamation of character
  • Damages for pain and suffering

Who needs extra coverage?

If you’re worried about keeping your existing net worth and future earnings secure, it might be worth looking into an umbrella policy. People with substantial assets often set up umbrella liability insurance to insulate themselves in the event of a lawsuit, but wealthy policyholders aren’t the only ones at risk. If you don’t have significant assets, the court can target your future earnings to pay off damages.

How much coverage do you need?

Umbrella policy premiums are relatively inexpensive compared to what it would cost to have your assets drained. But the more you have to safeguard, the larger the policy you may need.

To figure out how much coverage you need, first evaluate all savings, retirement accounts and physical property. Next, calculate what the potential loss of your future income would be. Finally, add these figures together to form an idea of your potential coverage amount.

No matter how much you have or don’t have, an umbrella policy can help you preserve your current and future wealth. Feel free to reach out if you have any questions!

At Vick Insurance, no matter what insurance need you have, we strive to be the insurance company of choice for all your insurance needs for Business, Home, Auto and Life for Camden, Big Sandy, Bruceton, Holladay, Paris and the surrounding counties.