Picture this scenario – You win the lottery and you begin to buy what exactly you’ve always dreamed of. You get a big, beautiful house, a new luxury car, a shiny yacht. You may say to yourself, “Forget about insurance – If anything happens to my property, I have enough money to just replace it.” This may be true, but you almost certainly haven’t considered liability, especially because you are rich and have just become a target for lawsuits, especially frivolous lawsuits. An excellent umbrella insurance policy would cover this.

Think about this, someone slips on the snow on the leading property of your new house. Or someone falls off of your boat. Or you hit a bicyclist while driving your car. Or somebody that knows you simply won the lottery launches a frivolous lawsuit. To begin with, you have to have a car, home, and boat insurance policy to cover the liability in these kind of situations. But, these kind of policies usually only cover you up to and including million dollars. But being which you won the lottery, people will know ซื้อหวยออนไลน์ that you will be rich enough to cover case of higher than a million dollars. Which means, in an effective lawsuit against you, you can be liable for more than $1 million. An excellent umbrella insurance policy would cover this sort of risk.

An umbrella insurance policy is designed to offer you liability protection above what your usual home, auto, and boat insurance policies cover you. The usual coverage is between $1 million and $5 million above your usual liability coverage, but you can even go as high as $10 million or more by having an insurance company that specializes in high net-worth people. As a lottery winner, this is just about the best protection you can have for the assets.