young hockey player<\/a>\u00a0who recently checked an opponent from behind, causing the opponent to become a quadriplegic? He and his family had to pay $8M. Luckily, they were insured for more than $2M. Will this case set a precedent? Will the damages awarded in lawsuits be increasingly higher in Quebec? This could happen to kids playing in the school playground or even to us in our day-to-day lives.<\/p>\nWe are also responsible for our pets. What happens if your dog attacks someone who then loses the use of a limb or suffers serious consequences as a result of this attack? We have heard many stories about dogs who attacked passersby, and unfortunately, most often children. What price can you put on the face of a child, who will bear the scars for life? And what price would it be if the child lost the use of an eye as a result of this attack?<\/p>\n
4.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Because not all accidents are covered by the SAAQ<\/b><\/h3>\n
The SAAQ will not indemnify victims of bodily injuries that occur using an off-road vehicle, i.e. snowmobiles, all-terrain vehicles, four wheelers, utility terrain vehicles, motocross bikes, etc. If you own a recreational vehicle and injure people while driving it, they could sue you for many reasons, namely bodily injuries (permanent or not), loss of revenue, loss of enjoyment, personal support costs (housekeeper, home-care nurse, babysitter, physiotherapist, psychologist, etc.) In case of death, you could be responsible for paying funeral fees, loss of enjoyment for family members, as well as financial losses.<\/p>\n
5.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Because a disaster can happen in the comfort of your living room<\/b><\/h3>\n
You live in an apartment on the Plateau Mont-Royal. A fire breaks out. Your home quickly goes up in flames, and the fire spreads to neighbouring buildings. The investigation reveals that the fire could have been prevented had you exercised due care and diligence. Lawsuits start to pile up. Your building\u2019s owner claims the cost to rebuild; the owners of neighbouring buildings claim the cost of the damage to their buildings, as well as the loss of rental income; neighbouring tenants claim the cost of lost and damaged property, their living expenses, lost wages, loss of enjoyment due to bodily injuries\u2026 The list can go on and on, and the costs may quickly exceed $2M.<\/p>\n
6.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Because you don\u2019t have to go through a tragedy to need umbrella insurance<\/b><\/h3>\n
Umbrella insurance may step in first in some cases. For example, if you own a house outside of the country, it is possible to get primary insurance, for civil liability, for these premises. Umbrella insurance may cover you in the case of personal injury related to libel or slander.<\/p>\n
These situations rarely occur but they are nonetheless risky. When unforeseen events occur, people often don\u2019t have enough coverage. Umbrella insurance gives you peace of mind at a low cost. Average annual premiums range from $100\u00a0to $500. Contact your Lareau broker\u00a0for more information. In the meantime, be safe.<\/p>\n","protected":false},"excerpt":{"rendered":"
Last week, I wrote about this little-known but very important type of insurance\u2014umbrella\u00a0insurance. Before reading this article, I suggest you read my previous blog Umbrella Insurance: Coverage to Help you Weather the Storm! in which I cover this insurance in detail. My clients often ask me: \u201cWhat could possibly go so wrong? Why do I […]<\/p>\n","protected":false},"author":23,"featured_media":373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[180,179,181,182,178,173,177],"class_list":["post-251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-accidents","tag-disasters","tag-saaq","tag-tragedy","tag-travelling","tag-umbrella-insurance","tag-usa","sector-personal","sector-umbrella"],"acf":[],"_links":{"self":[{"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/posts\/251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/comments?post=251"}],"version-history":[{"count":0,"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/posts\/251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/media\/373"}],"wp:attachment":[{"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/media?parent=251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/categories?post=251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lareau.ca\/en\/wp-json\/wp\/v2\/tags?post=251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}