Fuller Insurance Blog

Hulk Hogan Needed A Personal Umbrella Policy

Why do you need a personal umbrella policy? Hulk Hogan's son and a friend were in a 2007 car crash. The friend was critically injured in the crash -- the friend's family sued Hogan.

Hogan settled the lawsuit with the friend's family for an undisclosed amount. Hogan had $250,000 in auto insurance coverage but did not have a personal umbrella policy. Hogan's assets are estimated to be $30 million.

Question: How much more did Hogan have to pay to settle the lawsuit, above the $250,000 in liability coverage he had on his auto insurance policy? We don't know. But, if he had a personal umbrella policy he could have been protected.

If you have assets to protect, you need to consider purchasing a personal umbrella policy. Call Fuller Insurance for a personal umbrella quote today!

Read more about Hulk Hogan suing his Ex-Wife and Insuance Broker from the Insurance Journal.

Accidents Happen. Protect Yourself with a Personal Umbrella.

If you have young children or teenagers, you know they do not always make the best decisions. Accidents happen. If an accident ends up injuring someone or damaging their property, you as the parent can be sued and found liable. Protect your assets with a personal umbrella policy.

Use this personal umbrella assets worksheet to figure out if you have enough liability coverage on your assets. If you don't have enough coverage,  you need a personal umbrella policy.

Take a look at these real-life tragedies to see how a personal umbrella policy saved the day! Remember, accidents happen. For more information about personal umbrella insurance, or to get a quote, call Fuller Insurance.

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