the importance of umbrella insurance brought to you by boston personal injury law firm ccm&f
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![Page 1: The Importance of Umbrella Insurance brought to you by Boston Personal Injury Law Firm CCM&F](https://reader031.vdocuments.us/reader031/viewer/2022030206/58ab4a7c1a28ab61758b5fa1/html5/thumbnails/1.jpg)
The Importance ofUmbrella Insurance
![Page 2: The Importance of Umbrella Insurance brought to you by Boston Personal Injury Law Firm CCM&F](https://reader031.vdocuments.us/reader031/viewer/2022030206/58ab4a7c1a28ab61758b5fa1/html5/thumbnails/2.jpg)
Most insurance is specific to a certain realm.
![Page 3: The Importance of Umbrella Insurance brought to you by Boston Personal Injury Law Firm CCM&F](https://reader031.vdocuments.us/reader031/viewer/2022030206/58ab4a7c1a28ab61758b5fa1/html5/thumbnails/3.jpg)
Umbrella insurance is something else.
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It can be used as a source of money that goes above and beyond other
types of insurance.
![Page 5: The Importance of Umbrella Insurance brought to you by Boston Personal Injury Law Firm CCM&F](https://reader031.vdocuments.us/reader031/viewer/2022030206/58ab4a7c1a28ab61758b5fa1/html5/thumbnails/5.jpg)
For example, say you have a car insurance policy that covers $100,000 and you have
the worst day of your life and cause $300,000 worth of damage.
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Your car insurance policy would onlycover that first $100,000 and you’d be
on the hook for the rest.
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If you had umbrella insurance, which may be up to $1 million or $2 million, you could
have the umbrella insurance cover the rest of the damages.
![Page 8: The Importance of Umbrella Insurance brought to you by Boston Personal Injury Law Firm CCM&F](https://reader031.vdocuments.us/reader031/viewer/2022030206/58ab4a7c1a28ab61758b5fa1/html5/thumbnails/8.jpg)
It’s called “umbrella” insurance because it covers so many different
areas at once
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It only applies to severe cases, but those are the cases where it’s
needed the most.
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Let’s say you put your bag down on the staircase in a store for a minute and
someone trips over it, falls down the stairs and gets severely injured.
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The umbrella coverage would kick in for that scenario because you committed a negligent
act, and someone got hurt severely.
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The only way someone can collect the money from the umbrella insurance is to
sign a release that blocks them from suing you ever again over the matter.
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Insurance companies are not obligated to tell anyone that their client has umbrella coverage,
but they have to be honest when asked.
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A lawyer who knows what they are doing will ask, and our firm has benefited from
knowing when to ask.
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Have you been injured? If so give us a call
Phone: 617-379-1797 Toll Free: 866-528-3515
www.coluccilaw.com