Do I need an Umbrella?

Imagine your son or daughter’s friends enjoying a pick-up basketball game in your backyard when the old, rusted goal becomes unhinged, drops on a player and injures him or her.

Or, you are in an at-fault auto accident where the other individual is injured.

If any of these injuries far exceed the base limits of your auto or homeowner’s policy, an umbrella policy can cover the claim made against you on behalf of the wronged party. First, your insurance may pay the settlement amount up to the limits of your coverage. If the settlement amount exceeds your coverage limits, your umbrella policy will pay once your basic liability limits have been exhausted. It can also protect you from bodily injury liability claims and property damage liability claims. In addition, Umbrella policies provide a broader form of coverage and can help cover legal fees, false arrest, libel and slander. Umbrella insurance can come into play if you are found liable and need to pay damages, or if you are sued and need to pay for your legal defense.

An umbrella policy also helps you protect your assets. Your car, house, investments and retirement accounts, as well as your normal checking and savings accounts and even future income, are all considered assets. If you are sued for a large amount of money and do not have enough liability insurance or an umbrella policy to cover those costs, your assets can be exposed.

People typically choose to buy an umbrella policy because they want to prevent the possibility of financial ruin due to one misstep or unforeseen accident. Coverage for an umbrella policy typically starts in the range of $150-$200 for a $1 million policy.

GCHS Student Earns Scholarship from Foresters Financial

Congratulations to recent Guerin Catholic graduate Carly Demas who won a $2000 Foresters Financial™ Competitive Scholarship! Carly is studying at Indiana University.

Each year, Foresters Financial™ offer 250 tuition scholarships up to $2,000 to eligible students pursuing post-secondary education at an accredited university, community college or trade program. Eligible students include Foresters policyholders as well as children and grandchildren of policyholders.

This year, the winners average achievement levels included approximately 102 community service hours (per winner) in activities they created or held a leadership position.  Most winners were involved in around seven community service activities and had a GPA of 3.79 (on a 4.0 scale).

The application is open from December 1, 2018 until February 28, 2019. For more information and to see if you qualify, visit foresters.com.

Three Cathedral students earn $2500 in scholarships from Catholic Financial Life for the 2018-2019 school year.

Three Cathedral students earned $2500 in scholarships from Catholic Financial Life for the 2018-2019 school year. High school and college scholarships are awarded based on service. The average hours of service for these Cathedral High School students was 59. (L to R): Sophomore Maddie Cler earned a $500 high school scholarship. Seniors Ben Treece (Butler University) and Kate Burnside (Colorado University) earned $1000 college scholarships.

Catholic Financial Life (CFL) sets aside a percentage of its earnings each year for Catholic grade school, Catholic high school and college scholarships for students who have a life insurance policy with CFL. This summer more than $264,000 will be awarded in educational scholarships to members for the 2018-2019 school year! Of the 244 high school applicants nation-wide, 164 received an award. One hundred sixty-five seniors competed for 80 college scholarships.

Seven Bishop Chatard High School students earned $4000 for the 2018-2019 school year from Catholic Financial Life.

Seven Bishop Chatard High School students earned $4000 for the 2018-2019 school year from Catholic Financial Life. Six underclassmen earned $500 each and averaged 87 hours of service while Senior Rachel Doyle (IUPUI) earned $1000 with 155 hours of service. (L to R): Rachel Doyle, Tom LeMark, Isaac LeMark, Max LeMark, Lucy Kellison and Margaret Doyle. Not pictured: Incoming freshman Kylie Nagel.

Catholic Financial Life (CFL) sets aside a percentage of its earnings each year for Catholic grade school, Catholic high school and college scholarships for students who have a life insurance policy with CFL. This summer more than $264,000 will be awarded in educational scholarships to members for the 2018-2019 school year!

High school and college scholarships are awarded based on service. Of the 244 high school applicants nation-wide, 164 received an award. One hundred sixty-five seniors competed for 80 college scholarships.

Six Roncalli students earn $3500 in scholarships for the 2018-2019 school year from Catholic Financial Life.

Six Roncalli students earned $3500 in scholarships for the 2018-2019 school year from Catholic Financial Life. Five underclassmen earned $500 each and averaged 50 hours of service while Senior Ethan Newett (Purdue University) earned $1000 with 66 hours of service. (L to R): Aidan Newett, Will Schoettle, Ethan Newett and Tyler Newett. Not pictured: Incoming Freshmen Brady Newett and Colin Newett.

Catholic Financial Life (CFL) sets aside a percentage of its earnings each year for Catholic grade school, Catholic high school and college scholarships for students who have a life insurance policy with CFL. This summer more than $264,000 will be awarded in educational scholarships to members for the 2018-2019 school year!

High school and college scholarships are awarded based on service. Of the 244 high school applicants nation-wide, 164 received an award. One hundred sixty-five seniors competed for 80 college scholarships.

From life insurance to retirement planning, education savings, and more, Catholic Financial Life has been helping its members protect their financial lives for nearly 150 years. With assets of $1.38 billion and 110,000 members across the United States, Catholic Financial Life’s strength comes from being a different kind of financial community.  As a member-owned organization, we are accountable to our members. Our longevity is a testimony to their loyalty, and our success is a result of being a trusted financial partner.

Seventeen Archdiocese of Indianapolis Students Awarded $3900 in Scholarships from Catholic Financial Life

Seventeen Archdiocese of Indianapolis Students were awarded $3900 in Scholarships for the 2018-2019 school year from Catholic Financial Life. Most students earned $200 scholarships while one high schooler from Seton Catholic School in Richmond earned a $500 scholarship.

Gemma LeMark, Christ the King Catholic School; Thomas Davey, Immaculate Heart of Mary Catholic School;
Casey Newett, Harold Schoettle and Mary Schoettle, Nativity Catholic School; Quentin Gibson, St. Francis and Clare School;
Mary Belby and Patrick Belby, St. Luke Catholic School; Allison Donnelly, John Doyle, Dalton Fugate, Avery Nagel, Marissa Post and Jacqueline Quadrini, St. Pius X Catholic School; Alexander Gillum, St. Therese of the Infant Jesus (Little Flower) Catholic School; and Josey Meeks and Katelyn Meeks, Seton Catholic School, Richmond.

Catholic Financial Life (CFL) sets aside a percentage of its earnings each year for Catholic grade school, Catholic high school and college scholarships for students who have a life insurance policy with CFL. This summer more than $264,000 will be awarded in educational scholarships to members for the 2018-2019 school year!

Four Our Lady of Mt. Carmel students earned $800 in scholarships from Catholic Financial Life for the 2018-2019 school year.

Four Our Lady of Mt. Carmel students earned $800 in scholarships from Catholic Financial Life for the 2018-2019 school year. (L to R) Kathryn Tiplick, John Tiplick, Christopher Legg and Jude Legg.

From life insurance to retirement planning, education savings, and more, Catholic Financial Life has been helping its members protect their financial lives for nearly 150 years. With assets of $1.38 billion and 110,000 members across the United States, Catholic Financial Life’s strength comes from being a different kind of financial community.  As a member-owned organization, we are accountable to our members. Our longevity is a testimony to their loyalty, and our success is a result of being a trusted financial partner.

Twenty-two St. Maria Goretti students earned $5,300 in scholarships from Catholic Financial Life.

Twenty-two St. Maria Goretti students earned $5,300 in scholarships from Catholic Financial Life. Nineteen SMG students earned $200 each for St. Maria Goretti. Three 8th graders averaged 57 hours in service and earned $500 each towards Guerin Catholic High School.

Back row (L to R): Conner Lawrence, Eli Schenk, Adam McNeany, Caleb McConkey, Kennedy Cradick, Kayla Reis, Tressie Lyons and Matthew Wagoner. Front row (L to R): Elizabeth Sweeney, Kenzie Reis, Merrin Lyons, Steven Alvarez, Delaney Tyndall, John Norton, Avery Tyndall and Addison Smith. Not pictured: Logan Clark, Noah Clark, Evan McNeany, Grace Ward, Joey Witkowski and Katie Worcester.

From life insurance to retirement planning, education savings, and more, Catholic Financial Life has been helping its members protect their financial lives for nearly 150 years. With assets of $1.38 billion and 110,000 members across the United States, Catholic Financial Life’s strength comes from being a different kind of financial community.  As a member-owned  organization, we are accountable to our members. Our longevity is a testimony to their loyalty, and our success is a result of being a trusted financial partner.

 

Fourteen Guerin Catholic High School students earned $9000 in scholarships from Catholic Financial Life

Fourteen Guerin Catholic High School students were awarded $9000 in scholarships for the 2018-2019 school year from Catholic Financial Life. High school and college scholarships are awarded based on service. Ten underclassmen earned $500 each and averaged 75 hours of service while four seniors earned $1000 each and averaged 149 hours of service.

Back Row (L to R): Principal James McNeany, John Paul Farrell, Senior Annaleigh Cummings (Bellarmine University), Senior Maren Fitschen (University of Indianapolis), Senior Carly Demas (Indiana University), Mary Kate Ward, Fiona Weber and Max Fallen. Front Row (L to R): Senior Jonah Lyons (Indiana University), Noah McNeany, Blake Kimmel, Nathan Friedman and Aaron Cradick. Not pictured: Lauren Wagoner and Grace Worcester.

How do I include specific items of jewelry, artwork, collectibles or furs on my homeowner’s policy?

Listing items such as jewelry, artwork or furs separately on your homeowner’s policy is called scheduling. It is quite easy to do, affordable and ensures your items are protected beyond your personal property insurance. While homeowner’s insurance covers personal property, coverage is limited for rare or expensive items like jewelry, art and furs unless they are scheduled.

Personal property insurance covers your general household items; however, items like jewelry, furs, fine art, firearms, collectibles need to be scheduled because there typically is a $1500 policy limit for these types of items. For example, if you own $3000 worth of unscheduled jewelry, you may only have coverage up to $1500, and property deductibles apply.

Start by making a list of the items you want to schedule. Write up a detailed description of each item and set a value. If you already have current appraisals, make copies and forward them to us to be added to your homeowner’s policy. Scheduling with us provides broader coverage of your items including theft, the loss of a gemstone or the loss of the item itself, with no deductible. And, separately listing $5,000 of jewelry usually costs less than $40 a year.

Check your policy declarations page for scheduled items or call us at St. Joseph Agency at 317.564.4949 and we can help you ensure your jewelry, art and furs are protected.