Dog Lover? Think About Umbrella Coverage

In today’s economy, everyone is pinching pennies. So why worry about umbrella coverage? Shouldn’t a home and auto policy leave you adequately covered? 

Unfortunately, we live in a world of lawsuits. Substantial damages can be awarded, be extremely expensive, and have a long-term financial impact. Those lawsuits can come from unlikely sources, such as our furry friends.

Take Charlie, for instance. Charlie is a much-loved, rather timid labradoodle who enjoys taking naps on the driveway while his owner mows the lawn. 

Charlie watched from eight feet away as his neighbor, a 39-year-old man, rollerbladed with his kids. The man wiped out on the sidewalk in front of Charlie’s house and broke his leg. He required surgery, costing around $35,000 in medical costs and $18,000 in lost wages.

Fair or not, the man brought a lawsuit against Charlie’s owner, suing for $220,000 in damages. He alleged that Charlie had caused the accident by getting in his way, despite multiple witnesses to the contrary. 

Charlie’s owner was lucky — a jury vindicated Charlie. However, lawsuits like this can easily exceed the limits on a homeowner’s policy, leaving the insured responsible for the remainder. An umbrella policy would prevent that, giving you an extra $1 million to $5 million in coverage.

Our furry friends can put our assets at risk in other ways as well. According to the Center for Disease Control and Prevention, 4.7 million people are bitten by dogs each year, with half of those occurring on the owner’s property. Dog bites, according to the Insurance Information Institute, account for about a third of all homeowner’s insurance claims, which only cover limited damages.

Protect what you love. Call us to talk about your umbrella options. The Wurzel Insurance Agency is here for you! Give us a call at (407) 977-5700 to speak with one of our experienced agents, or email us: hello@wurzelagency.com.