I'm from the South, but I've heard this phrase here in the Midwest as well. "When it rains, it pours". The phase means that when something happens, more of it will follow. This generally means when something bad happens, more bad is on the way. Get a speeding ticket and then get into an auto accident? When it rains it pours. Your toaster dies and then an electrical fire happens, when it rains it pours. Get into an auto accident and then the next day get into ANOTHER accident, when it rains it pours!

In insurance, we have a kind of policy called a PCL, or Personal Catastrophe Liability policy. The PCL policy is a general liability policy that gives at least One Million dollars of liability that covers your other liabilities, like auto, home, watercraft, etc. In order to get a PCL policy, most companies are going to require higher liability limits, and those limits will depend on the company and their filing with the state that you live in. So, if your state approves a minimum $250,000/$500,000 split limit or $300,000 combined single limit (like here in Indiana) you have to have those limits in order to have a PCL policy.

When most people here the phrase, "A million dollars in liability," they think:

"That can't apply to me, that's only for millionaires, or at the very least people that make way more than I do! I drive a 10 year old car, no one's going to think I'm worth a million dollars!"

The problem is people forget the old adage, "when it rains, it pours".

You maybe hit a minivan. You go to check on the minivan and it is full of high school football players. Two of the players just got accepted to the local university on a full scholarship for football. Those football players were injured and won't be able to play now.  Guess who's on the hook for their college education now?  When it rains, it pours!

You are driving your car and skid on some ice. Your car skids into a tree and it breaks the tree. The tree goes down into a house and hurts the owner of the home. When it rains it pours.

These aren't unlikely scenarios, these accidents happen all the time! The people that were injured are completely just in wanting large amounts of money, they're not trying to go after anyone because they are money hungry, they just need more money to cover the expenses of the accident! It doesn't matter what you were driving, it matters that their injuries are and you want to make sure that you are covered for the amount of the expenses, so you get a PCL policy.

The nice thing about PCL policies is that they're relatively inexpensive. If your family has a clean driving record, you're looking at only a couple hundred bucks for at least a million dollars in coverage! Not too shabby for a lot of protection.

As always, your agent will be able to advise you with more info. OR, United Insurance Agencies can do insurance across the US, and we'd be more than happy to advise you and become your agent, you can email us here and we'll be happy to take care of you!

Something I haven't mentioned yet is the common term for a PCL policy. An "Umbrella" policy. 

An Umbrella Policy will have you singing when it rains, because when it rains, it pours!

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