Meslee Insurance Services Reinforces the Importance of Personal Umbrella Insurance in Los Angeles

Individuals in accidents may be liable for damages. Meslee Insurance offers Personal Umbrella Policies as additional protection for high liability cases.

Online PR News – 17-June-2014 – Los Angeles, CA – Meslee Insurance Services (Meslee) acknowledges the importance of excess liability coverage in CA, and recognizes that many individuals forgo the security that personal umbrella policies help to protect. The security may far outweigh the premiums if policy holders are ever caught in an unyielding lawsuit.

Personal Umbrella Policy, also referred to as PUP or Personal Umbrella Insurance, offers individuals and families safety for equity and important investments. If an individual is found guilty during the aftermath of an accident, they are responsible for damages and injuries. Such damages and expenses may include, medical fees (doctors’ visits, medications, etc.), surgeries, defense costs, court fees, emotional distress (therapy sessions), and even loss of future income for high profile victims. If the cost of the damages and expenses exceeds the limit of auto insurance (for a car accident) or home owners insurance (for injuries sustained on private property), then personal umbrella policies may alleviate the excess financial burden. Personal Umbrella policies in LA also offer protection over any other personal policies such as those for watercraft, dwellings rented out to others and more.

People often underestimate the importance of personal umbrella policies, especially for growing families with young adults. Parents and guardians are often focused on the expense of premiums and forget the risk of forgoing personal umbrella insurance. In cases where accident damages exceed the limits of existing insurance, plaintiffs, or victims of an accident may pursue defendants’ investments.

Investments may include homes (or forms of residency), property, cars, valuables, collectibles, savings accounts, certified deposit accounts, retirement funds, even future earnings. Severe accidents or cases of false arrest, libel, slander, or invasion of privacy, may destroy the current livelihood of a family. Auto insurance often covers only $25,000 to $50,000 of damages; while home owners insurance often covers up to $100,000, in most cases. If damages exceed the limits of current policies, plaintiffs may seek compensation from other investments—extra or excess liability insurance is not only necessary, it is vital to securing a family’s investments.
Ben Meskin, owner of Meslee Insurance Services in California and Jewelers Specialty Insurance Services, states, “Any individual owning significant assets must consider procuring a personal umbrella policy to protect these very assets they worked so hard to build up. In so many cases, one bad accident can wipe clean what an individual has worked years to build up for himself and loved ones. What is not known to many individuals is that in certain cases, even if the underlying policy excludes coverage, the personal umbrella may ‘drop down’ and provide first dollar coverage minus any deductibles or what is known as Self-Insured Retention if applicable.”

Meskin furthers that Personal Umbrella Insurance and coverage protects individuals and families against losing valuables and assets in situations of high liability. Invest in a Personal Umbrella policy to help secure the future.

About Meslee Insurance Services

Originally established in 1990 by Solomon Meskin, Meslee Insurance Services (MIS), otherwise referred to as Meslee, incorporated in 1997 and began offering specialty and hard to place risks to clients, but quickly expanded the repertoire of insurance services to accommodate individuals and businesses alike. Meslee Insurance Services is a full service brokerage located in the heart of the financial District of Downtown Los Angeles.

In order to provide comprehensive services, Meslee’s insurance agents offer risk management and financial consultations. Through personalized life insurance, home-owners insurance, personal umbrella insurance, auto-insurance, natural disaster insurance, and other types of personal insurance policies, Meslee strives to meet the needs of its clients. For corporations, large and small, Meslee works to provide specific policies, depending on industry and location, including: different types of Business Property Insurance, Business Liability Insurance, and Business Crime Insurance for a variety of retailers, wholesalers, distributors, and manufacturers. Meslee Insurance Services has experienced rapid growth and an impeccable reputation since its inception, and continues to offer reliable services.

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