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umbrella insurance!
Posted by Nevin (more from Nevin) on Fri, 16 Sep 2005 04:07:10
In Reply to: Does anybody here have umbrella insurance?, Rod [Profile/Gallery]
, Thu, 15 Sep 2005 14:09:06
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I know the price has crept upwards in recent years, but the quote does sound high. Even so, 500K is not unusual. I used to carry 1M, but now do 500K because of cost. Your net worth and budget constraints should factor in.
With the umbrella policy, you could reduce the liability limit on your homeowners and auto policies to say 100K, which should reduce the premium slighty and help offset the cost of add'l coverage.
You can have a policy with someone else. The nice thing about that is then two companies are hiring lawyers to defend the claim. As much as the cash protection, the umbrella policy gives the insurer an additional incentive to settle or to defend you well because they are on the hook for a significant chunk of change (even for them).
posted by 24.7.210...
Posts in this Thread:
- Does anybody here have umbrella insurance?, Rod , Thu, 15 Sep 2005 14:09:06
- Re: Does anybody here have umbrella insurance?, Steve G , Fri, 16 Sep 2005 10:47:03
- Take the umbrella please......ask your agent to get...., TKC, Fri, 16 Sep 2005 08:27:13
- Re: Does anybody here have umbrella insurance?, Dale, Fri, 16 Sep 2005 08:16:22
- Re: Does anybody here have umbrella insurance?, patrick008, Fri, 16 Sep 2005 05:46:00
- Wow I have minimums ;), NickR, Fri, 16 Sep 2005 04:56:31
- Nick..., SaabSpeed, Fri, 16 Sep 2005 08:58:21
- umbrella insurance!, Nevin, Fri, 16 Sep 2005 04:07:10 <-- Viewing This Message
- Hell yes; couldn't sleep at night without it., Rafe, Thu, 15 Sep 2005 20:45:23
- What? No., LesH, Thu, 15 Sep 2005 18:27:58
- Umbrella policy, Dick in Falls Church, Thu, 15 Sep 2005 17:55:56
- Re: Does anybody here have umbrella insurance?, OKSaabs, Thu, 15 Sep 2005 14:59:11
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