THE COURT OF LAW
The #2 dream in America is to win a lawsuit.
Why liability insurance?
100 years ago the #1 dream in America was to own land. The Oklahoma Land Run was the largest, most spectacular competitive event in human history. Many of us are here in this state as a result of the dream of our forebears. 100 years later times have changed.
Today, the #1 dream in America is to win the lottery and the #2 dream in America is to win a lawsuit. We live in a vastly different culture and it has become litigious. This reality makes the relationship you have with your insurance agent become very important. In fact, as your personal wealth grows this relationship becomes one of the most important professional relationships of all. This is why we do what we do.
If you add up everything you own and subtract out what you owe that's your net worth.
Your net worth is your castle.
You are the king/queen of your castle.
Your castle needs protection from all the dragons and orcs that are out there waiting to ransack it.
So, you need a wall.
This wall needs to be big enough to protect your castle.
Your insurance liability limits are the wall that surrounds and protects your castle. The bigger your castle, the bigger the wall you need to protect it.
If you have a net worth of $50,000, you need at least $50,000 of liability to protect it. If you have a net worth of $5 million, you need at least $5 million of liability to protect it. If you have a covered loss your castle remains unscathed while your wall, the liability insurance, pays for the loss.
Keep the dragons and orcs at bay. Review your insurance with us today.