Saline Real Estate and Homes for Sale

If you own your own home, whether here in Saline or not, you have homeowner's insurance.  As an extra level of protection, today I'd like to cover an umbrella policy for your Saline real estate.

Your homeowner's insurance policy (and, if you have a car, your auto insurance policy) will protect you from financial ruin due to accident (in most cases).  There are exceptions in every policy, so how do you gain protection for those exceptions?  How do you protect yourself from a huge legal settlement against you?

An umbrella liability policy.

Umbrella liability is relatively affordable, and can be easily coordinated with your existing insurance policies.  It is for everyone, not just for the "well to do."  Umbrella liability insurance is so named because it acts like an umbrella, sitting on top of your auto and homeowner's liability policies, to provide extra protection. 

Some examples of where umbrella coverage often comes into play: 

• An auto accident in which you're sued under your auto insurance policy.
• Your neighbor slips and falls on your property, and you're sued under your homeowner's insurance.

Your auto and homeowner policies have some liability insurance that would be used to settle most legal claims.  But what if a settlement (or judgment, if it goes to court) is $800,000 and you only have $300,000 of liability insurance?  The insurer would pay $300,000, but where are you going to get the other $500,000?  Virtually everything you own would be fair game to pay off the debt.  The only good news is that some states protect certain assets (like your home) from seizure. 

Are you worried?  You should be. 

With America's love affair with lawsuits, you can't afford to not have an umbrella policy for your Saline real estate.  Talk to your insurance agent, TODAY.

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If you have questions about your specific situation, or if you're considering buying or selling any Saline real estate, you owe it to yourself to take advantage of my experience in the Saline market.  I'd be happy to meet with you!  Just give me a call at (734) 476-2063, or send an e-mail, "Vance (at) SalineMichiganRealEstate (dot) com".

You can search for homes and condos in Saline here.

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