select

News Releases - RSS Feed

FOR IMMEDIATE RELEASE
Monday, February 06, 2012

CONTACT:
Nancy Doll
Nancy.Doll@fbfs.com
(515) 226-6215

In honor of Umbrella Day, take a fresh look at umbrella insurance


Umbrella insurance offers additional protection for your assets

WEST DES MOINES, Iowa (Feb. 6, 2012) — Umbrella Day, on Feb. 10, honors the practical invention that dates back to ancient Greece. The primary use for an umbrella, of course, is protection, whether from the sun or the rain. One great way to acknowledge this unique holiday is to consider how umbrella insurance can protect you and your wallet from different types of liability.

Umbrella liability insurance, sometimes called excess liability insurance, arches over your existing car and homeowners policies to provide you an added layer of protection against liability that exceeds the limits of those policies. An umbrella policy provides you financial protection for occurrences for which you are held legally responsible.

For instance, you might have a standard minimum $100,000 in liability coverage as part of your home insurance. If a serious accident were to happen on your property and you were sued for $1 million, you'd be responsible for the $900,000 gap in your coverage. That would put your assets – such as wages, savings, home and personal property – at risk. The same gap can happen if someone in your family is at fault in a car accident, and damages and medical expenses exceed your auto liability limits. Umbrella liability insurance covers those gaps.

“It's not uncommon for judges and juries to award large personal injury judgments,” says Dan Pitcher, General Manager, Farm Bureau Property & Casualty Insurance Company and Western Agricultural Insurance Company. “These unfortunate situations happen in the blink of an eye, but the cost of resolving them can last a lifetime.

“Umbrella insurance can give you millions of dollars of protection at a reasonable price,” adds Pitcher. “In addition to adequate limits on auto, farm, homeowners and life insurance policies, umbrella insurance is an important – and affordable – way for people to protect their financial future.”

Typically, personal umbrella policies are written in $1 million increments, and can include additional coverages, such as for libel, slander, false imprisonment, eviction or invasion of privacy.

About Farm Bureau Financial Services
Through an exclusive, multi-state agent force, the companies affiliated with the Farm Bureau Financial Services brand underwrite, market and distribute a broad range of insurance and financial services products to individuals and businesses. Learn more about us by visiting Facebook, Twitter or YouTube.



Securities & services offered through FBL Marketing Services, LLC+, 5400 University Ave., West Des Moines, IA 50266, 877/860-2904, Member SIPC.


Property-casualty insurance products are offered through Farm Bureau Property & Casualty Insurance Company+* and Western Agricultural Insurance Company+*/West Des Moines, IA and are intended for residents of AZ, IA, KS, MN, NE, NM, SD and UT.

Fixed life insurance and annuity products are offered through Farm Bureau Life Insurance Company+*/West Des Moines, IA and are intended for residents of AZ, IA, ID, KS, MN, MT, ND, NE, NM, OK, SD, UT, WI and WY.

Variable life insurance and annuity products are underwritten by an insurance company that is not affiliated with our companies.

Agent must be a registered representative of FBL Marketing Services, LLC to discuss mutual funds or variable products.

+Affiliates *Company providers of Farm Bureau Financial Services

Terms and Conditions
Using this site means you accept its terms.
Buy SSL Certificate
SSL CERTIFICATES - Get Info
©2014 FBL Financial Group, Inc.