With spring approaching, many homeowners are looking to begin home renovation projects. But regardless of whether you’re starting a small kitchen upgrade or looking to add a new wing, home renovations are not without risk.
One myth about an umbrella policy is that it’s only needed by the wealthy. These days the cumulative value of homes, vacation homes, rental property, cars, boats, savings, investments, and so on, owned by many people who don’t consider themselves wealthy, make them vulnerable to liability beyond their auto or homeowner’s insurance limits. A good question to ask yourself is whether you have assets that you don’t want to put at risk in the event of a catastrophic liability.
Whether you are hosting a Super Bowl party or greeting the New Year with friends in your home, if you are planning to serve alcohol at any type of party it is important to take steps to limit your liquor liability and make sure you have the proper insurance.
Why we recommend higher limits…..and note that this accident sadly involved a driver that was texting!