If You Own a Home and a Car You Need an Umbrella Insurance Policy What Is an Umbrella Policy and How Can It Protect Me From Bankruptcy?
Howmuch does an umbrella policy cost? Each person’s costs are going to be a little different, depending on their assets, but it’s relatively inexpensive for how much more coverage you’ll receive. For around $500 per year, I get $1 million in coverage. However, you do have to carry minimum amounts of coverage on your auto and homeowners policies, and you should consider that potential increase in those coverages as a part of the overall cost. Should I get an umbrella policy? Whether or not you need an umbrella policy is up to you. Do you have substantial assets in savings, retirement, or potential future income that you want to protect? What risks exist on your property and in relation to your vehicles that could cause someone to injure themselves? If you find you want to discuss whether an umbrella policy makes sense for you, give us a call or text us at 617.889.5000. We’d be happy to answer your questions (for free of course). At SpadaLawGroup.com, we also have free consumer guides you can download and videos for you to watch to assist you in making better decisions.
While homeowners and auto insurance provide some peace of mind, the sad truth is that sometimes, those policies aren’t enough to protect you, your family, and your assets. That’s why it’s best to have an umbrella policy if you own a home and a car. What is an umbrella policy? An umbrella policy is an insurance policy that provides additional coverage to you in the event that your car or homeowners insurance is insufficient to cover a loss. If you hit a pedestrian while driving and cause them serious bodily harm, or if someone is seriously hurt on your property and a jury decides that you owe them and their family $500,000 for their injuries, you’re in big trouble if your auto or homeowners policy only covers you for up to $250,000. An umbrella insurance policy can help you cover the difference. What do umbrella policies cover? Umbrella policies can cover all sorts of accidents, including dog bites, ATV wrecks, boating accidents, and deck collapses. Whatever the incident, and wherever and whenever it might occur, an umbrella policy may cover it. In addition to paying when you lose a lawsuit, it will also ensure that you have an attorney to defend you at no cost.
With a little stale bread and some pumpkin purée, make this delicious pumpkin bread pudding and be the talk of the Halloween potluck! INGREDIENTS • 1 14-oz loaf of bread (sourdough, French, and brioche all work!) • Butter for pan • 3/4 cup brown sugar, packed • 3 large egg yolks • 2 large eggs • 1 15-oz can pumpkin purée • 1 1/2 cups milk • 1 1/2 cups heavy cream • 1 tsp pure vanilla extract • 1 tsp ground cinnamon • 1/2 tsp kosher salt • 1/4 tsp ground nutmeg • 1/4 tsp ground ginger • Caramel, for serving DIRECTIONS 1. Slice bread into cubes and leave out overnight to dry out. 2. Preheat oven to 350 degrees. Butter large baking dish. In a large bowl, mix together all ingredients except bread and caramel. Add bread, then let soak for 10 minutes. 3. Put mixture in prepared baking dish. Bake until custard sets (40–45 minutes). Let cool for 20 minutes before serving. A Pumpkin Recipe You Might Not Know! Local Chef’s Corner
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Have a gratitude attitude. Fear stops us from reaching our full potential, but it’s very difficult to feel fearful and grateful at the same time. Feeling gratitude for something on a daily basis is one of the best ways to improve your overall well-being. If you’re like me, you might read that and think “Yeah, right!” Even though it seems too easy to be true, trust me — it works! You have nothing to lose. See the forest, not just the trees. One Harvard study found that when a person focuses on one idea in particular, the brain throws out anything that contradicts that idea. So, if you think something is impossible, you won’t be able to consider any information that suggests otherwise. That’s a scarcity mindset. Training your mind to be more open to possibilities starts with an awareness that your brain might be keeping you from seeing them. Developing an abundance mindset helps you achieve your full potential and make good decisions. -Len Spada
4. Serve with caramel.
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