How An Umbrella Policy Can Save You From Financial Ruin

A Real-Life Scenario Involving Premises Liability
Incident: The insured hired a friend to replace and install a new dock on the lake behind his house. During the construction, the friend requested some trees be removed in order to get the old dock out of the water. The insured used a backhoe to knock the trees. While knocking down one of the trees, a limb hit the friend on the head and neck.
Outcome: The underlying insurance coverage limits were paid out, but there was still a balance of $800,000 for the claim. The RLI Personal Umbrella paid out the remaining $800,000, avoiding any out of pocket expenses for the insured.
A personal umbrella policy will increase your overall liability coverage with an extra layer of protection beyond the basic coverage provided by your homeowners and insurance policies.

Call Pallant Insurance to discuss purchasing an Umbrella Policy 954-522-3800.

 
By |2018-06-09T09:47:45-04:00May 31st, 2017|Insurance|0 Comments

Summer BBQ: Fun … but don’t ignore the risk.

Assorted meat and vegetables on barbecue grill cooked for summer family dinner

 

Your Grill Should Cook, Not Burn…

the barn. Or the house. Or a child.

Every year, what should be a fun outdoor occasion for family and friends instead turns into tragedy at nearly 9,000 homes, causing deaths, injuries and tens of millions in property damage. Your Trusted Choice® independent insurance agents can remind you that fire damage and potential liability for injury to friends will be covered by your homeowners policy, but we’d much rather you sidle up to the picnic table than hunker down in the emergency room.

Gas grills represent the greatest risk by far, and are involved in more than 80% of all grilling fires. But all types of grills represent a danger if used incorrectly or carelessly. A few simple precautions, courtesy of the experts at the National Fire Protection Association (NFPA), may make the difference:

For all grills:

• Propane and charcoal barbecue grills should only be used outdoors.
• The grill should be placed well away from the home and deck railings and out from under eaves and overhanging branches.
• Keep children and pets away from the grill area.
• Keep your grill clean by removing grease or fat buildup from the grills and in trays below the grill.
• Never leave your grill unattended.

For charcoal grills:

• If you use a starter fluid, use only charcoal starter fluid. Once the fire is started, never add charcoal fluid or any other flammable liquid to it.
• Keep charcoal fluid out of the reach of children and away from heat sources.
• Electric charcoal starters that do not use fire are available. Be sure to use an extension cord for […]

By |2018-06-09T09:47:45-04:00May 16th, 2017|Insurance|0 Comments