This post is part of a series sponsored by PersonalUmbrella.com
There are 151,944 crashes each year because of slick and dangerous icy roads. Getting ready for the hazards of winter driving is key, but you can also give insureds an extra layer of protection with a personal umbrella policy with “excess Uninsured and Underinsured Motorist Coverage” or excess UM/UIM.
Mind the Gap
Excess UM/UIM kicks-in to cover this “gap” in insurance and takes care of things like bodily injury, lost wages, pain and suffering and emotional distress — for your insured and any passengers.
It works like this: When there’s an accident and the other driver is at fault and doesn’t have enough (or any) insurance to take care of the damage, your insured is responsible for any outstanding expenses left after all underlying policies pay out.
Excess UM/UIM protects the driver and her passengers when she’s not at fault for an accident and the other driver doesn’t have any (or enough) insurance to pay for essential medical care, lost wages, pain and suffering or emotional distress.
Your clients may not live in a winter wonderland, but they may visit one this holiday season. Check out vacation pre-game tips to help get them prepped, then take 90 seconds to give them a standalone personal umbrella quote. There are only four questions to answer for a policy up to $5 MM.
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