Central Insurance Companies

Common Misconceptions about the Personal Umbrella Policy (Part 2)

Back in 2017, I wrote about several misconceptions that are common to personal umbrella policies. While those four misconceptions still hold true, I thought I would turn this into a two-part series since there are other misconceptions that are quite common. We’ll continue the previous list by adding a few more (along with corresponding explanations as to why each misconception is false):

Misconception #5: “Umbrellas cover everything, right? My home, cars, and all my stuff.”

Well, this depends on the exact nature of what you mean. Umbrellas provide extra liability protection in excess of the personal liability coverage that is included with homeowner, condo, or renters policies. They also provide additional protection over your auto liability limits of insurance. However, umbrellas don’t provide any sort of insurance for physical losses to homes, cars, or other “stuff.”

Misconception #6: “I can’t get an umbrella for my rental property, right?”

Incorrect! There are many types of personal exposures you can schedule on your personal umbrella. This includes rental properties and watercraft policies.

Misconception #7: “Umbrella policies are only for wealthy people.”

Again, this is not true. Anyone can be sued for injuring another person and someone with minimal assets can be sued just the same as someone with significant assets. If you’re intent on keeping your assets – no matter how large or how small they are – consider purchasing an umbrella.

Misconception #8: “I’m a good driver and have never caused an accident, so I probably don’t need an umbrella.”

While auto accidents make up a significant portion of large claims that trigger umbrella coverage, they aren’t the only type of claim to do so. Do you have a dog? Even ones that have never bitten can bite someone for the very first time in the blink of an eye. Do you have a swimming pool? Accidents can happen. Do you ever serve alcohol to friends or family at your home? Again, accidents can happen.

As I stated previously in part one of this post, umbrella policies are quite inexpensive for the amount of protection that you get from them. Don’t leave it to chance – provide the protection that you and your family deserve and purchase an umbrella policy through your local independent insurance agent today!

The information above is of a general nature and your policy and coverages provided may differ from the examples provided. Please read your policy in its entirety to determine your actual coverage available.

Copyright © 2020 Central Mutual Insurance Company. All rights reserved.

Are Your Servers Trained and Certified with TIPS?


We didn’t know if there would be a football season this year, but here we are! The BIG Ten has even reversed its earlier decision, and now games will start in October…GO BUCKS! COVID-19 has changed how we’ll watch these games with smaller gatherings and social distancing in our favorite sports bars. If you own one of these establishments, you are likely focused on ensuring safety precautions/requirements are met, but your servers still need to be prepared to serve and sell alcohol responsibly, whether fans are coming into your establishment, picking up carryout, or ordering delivery.

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Buying a New Car? Don’t Forget the Insurance!

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Buying a new car is such an exciting experience. You’ve done all the research, you’ve finally found the perfect car and you are about to pull the trigger and start the purchasing process. But are you prepared? Did you bring all the information the dealership needs? No need to stress, here is a quick guide on what you should bring when buying a car!

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Hard Lesson Learned: A Hacker Victim’s Story  

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Since October of last year, I always try to have my phone’s ringer turned up if I am not working, and I’m much more adamant about picking up a phone call. Like many people, I tended to silence my phone a lot because of the constant alarms and alerts. Well, if I would have heard and answered my phone on October 18, 2019, I probably would have saved my future mother-in-law $1,000 by preventing scammers from gaining access to her PC. 

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For Kids By a Kid: School Bus Safety!


As kids begin to return to school after several months away, we’ll see more and more school buses on the road. It’s a great time to revisit these safety tips with your children.

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Build a Strong Cybersecurity Culture through Employee Training


Data breaches, hacks, and email fraud are hitting businesses of all sizes. It’s not just the big corporations like Equifax and Marriott International—all companies need to prioritize cybersecurity. According to one report, two-thirds of SMBs suffered a cyberattack in the past twelve months.[1]

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Imagine…your insurance policy doesn’t fully cover a liability loss. Then what?

Imagine your child and his friends are playing with the new, family pup in the backyard. Suddenly, the dog bites your son’s friend in the face causing permanent harm. You are legally liable for the costs, and the limits on your homeowners policy aren’t enough to cover the damages. Or this one…imagine your family is heading to your favorite restaurant for dinner on a rainy night. Slippery conditions cause the car to slide off the pavement onto the shoulder. Your spouse over-corrects, sending the family car straight into the path of an oncoming vehicle. Your automobile liability coverage isn’t enough to pay for the injuries to the other car’s occupants.

Think it couldn’t happen to you? The stark reality is that accidents such as these happen nearly every day. Fortunately, protection is available should the unthinkable occur.

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Keep Children Protected from Cyber Phishing Attacks

Back to school season is upon us. Many school officials, teachers, students, and families don’t know what this school year will look like, as the COVID-19 pandemic is affecting when and how students are returning to school. One thing everyone can agree on is that we want to keep our children as safe and healthy as possible. Precautions are being taken to protect against the virus, but the pandemic is also having an effect on children’s cyber-security. What precautions are being taken against cyber-threats?

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What factors can change the extent of hail damage on neighboring homes?

As the end of summer is approaching, now is a good time to revisit the phenomenon of hail and the possible damage it can do. As the National Severe Storms Laboratory indicates, hail is a form of precipitation consisting of solid ice that forms inside thunderstorm updrafts. Hail can damage aircraft, many structures, automobiles, and can be deadly to livestock and people.

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Identity Theft: One Subject You Don’t Want to Learn at College

As students head off to school this fall, they need to stay vigilant against the scams, schemes, and tricks of identity fraudsters. Student identity theft is on the rise, all around the world. Like most predators, identity thieves like to target the young and the elderly. That’s why college and university students frequently become victims of identity theft. Consider these statistics:

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