It takes years of hard work and discipline to grow a retirement nest egg. No one wants to think that a lawsuit could wipe out everything they’ve worked so hard to build. Yet something like that can happen to anyone.
Whether you’re still saving or you’re enjoying your golden years, it’s worth thinking about how to protect your nest egg. That’s because your retirement savings can be fair game if you’re hit with a liability lawsuit.
One of the easiest and most affordable ways to protect your nest egg is with Personal Catastrophe Liability (PCL) coverage. This insurance—commonly known as “umbrella” coverage—provides an extra layer of liability protection over and above your auto and homeowners policies in the event that you (or a covered family member) are sued.
As an article in USA Today shows, insurance to protect your nest egg is important no matter how much you saved–even if it’s a modest amount. Learn more about this important coverage in the source article on usatoday.com.
If extra coverage sounds like something you might need, talk to a professional like an Erie Insurance Agent to learn more and get a free quote.