<span id="_mce_caret" data-mce-bogus="1"><sup data-mce-bogus="1"></sup></span>Umbrella Insurance

Umbrella Insurance

At Colley Insurance we have provided umbrella protection for people in Guelph since 1934. We know how to protect your assets. 

Our licensed brokers will be happy to assist you in reviewing your options and finding the best combination of coverage and value for your budget and your family's needs. Call us to discuss umbrella coverage further.

Our business is built on a foundation of thoughtful client relationships.

Have you heard of the Deep Pocket theory?

In our society, three things can work against you:

  • It can cost very little to initiate a lawsuit
  • Juries and judges are unpredictable
  • Defending yourself costs enormous sums of money

One other factor also comes into play. If they think you have deep pockets they will dig until they hit bottom, sometimes even further.

A long time ago, you made a plan and you put into action. You worked hard and got there. Over time, you accumulated possessions. Nothing out of this world, but enough to make you and your family comfortable and able to enjoy a few of the finer things in life.

You remember when things weren't quite so good and would prefer to not go back there if you don't have to. You managed risk and bought the right insurance along the way. Or at least you thought you did.

It's likely that your insurance protection didn't keep up with you and now you need extra protection, an Umbrella Insurance policy.

What are your liability limits on your auto and home policies? $1,000,000? $2,000,000?

It's not enough.

It may be an auto or boating accident, a slip around your pool or any number of things that can happen when someone has a little too much to drink at the annual charity dinner party you hold; whatever the situation -- you can be sued. What if you are sued and the award goes to the plaintiff? Okay, you say, the insurance will cover it. But what if the amount exceeds the policy limits? (That can happen, especially if people think you have the ability to pay.)

How will you pay the judgment? How will you even defend yourself in such a lawsuit? Can you actually lose all you have strived for?

You bet you can.

You need protection that will step up when your other policy limits run out. You need Umbrella Insurance protection.

Contact a seasoned insurance professional at Colley Insurance, in Guelph. You'll be surprised at how little you have to pay for a lot more protection.