Talking with Davis about Money Matters

Umbrella Coverage

How to prevent one minor fender bender from causing your financial ruin.

Here’s a nightmare for you:  You’re backing out of a parking space at the local strip mall when your phone rings and you look away for just a second.  No, you haven’t backed into anyone or caused injury to a person; that’s the good news.  But… you knocked over a fire hydrant and soon 1500 gallons of water are pouring into the parking lot every single second.  You watch in horror as a small lake forms and water begins to flow under the doors of all the stores.  By the time the water gets shut off, your minor fender bender has caused your financial ruin.  You must replace the hydrant and pay the water bill (and you thought the cost of running your sprinklers in the summer was high).  Then, there’s the huge sinkhole that needs to be fixed and…

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