Individual Insurance Coverage Options
Protect your assets with Individual Insurance coverage
How individual insurance coverage works
Consider this scenario:
- Your home insurance provides $300,000 of liability coverage.
- A serious accident occurs on your property, and you’re sued for $1.3 million resulting in a judgment against you.
- Your insurance would pay up to $300,000 for a covered accident, but you would need to come up with the remaining $1 million.
If you had $2 million of coverage under an individual insurance policy, you would not need to liquidate your assets to pay the remaining $1 million in this example.
Individual insurance helps protect you from being at risk if a serious accident occurs. Talk to an agent to find out what the best level of coverage is for your situation.
Please have your account or policy number handy if you are signing up for an On-Line Nationwide Account.