Ursa Majoris Posted July 4, 2008 Share Posted July 4, 2008 Anyone here carry an umbrella policy to provide $1m plus of liability coverage? Anyone recommend doing so? I've been contemplating getting one for a while just in case..... Quote Link to comment Share on other sites More sharing options...
Sugar Magnolia Posted July 4, 2008 Share Posted July 4, 2008 Anyone here carry an umbrella policy to provide $1m plus of liability coverage? Anyone recommend doing so? I've been contemplating getting one for a while just in case..... We carry a 2 mil umbrella policy. It's cheap insurance and helps prevent you from losing everything in case of a big lawsuit against you. Quote Link to comment Share on other sites More sharing options...
rocknrobn26 Posted July 4, 2008 Share Posted July 4, 2008 We carry a 2 mil umbrella policy. It's cheap insurance and helps prevent you from losing everything in case of a big lawsuit against you. We've had a $1mil policy since my daughter got her driver's license. It was fairly $$$ back then, but it was peace of mind. Now it costs ~200/year. It allows you to lower your liability on your auto insurance, so that helps pay for it a little. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 4, 2008 Share Posted July 4, 2008 5mil.....doesnt cost too much for that put Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted July 4, 2008 Author Share Posted July 4, 2008 We've had a $1mil policy since my daughter got her driver's license. It was fairly $$$ back then, but it was peace of mind. Now it costs ~200/year. It allows you to lower your liability on your auto insurance, so that helps pay for it a little. Yeah, I'd be looking at ~$17 / month or roughly $200 / year for $1m. All it takes is one moment's inattention and - BANG! - you just badly injured someone and your ass gets sued off. Quote Link to comment Share on other sites More sharing options...
TheShiznit Posted July 4, 2008 Share Posted July 4, 2008 We've had a $1mil policy since my daughter got her driver's license. It was fairly $$$ back then, but it was peace of mind. Now it costs ~200/year. It allows you to lower your liability on your auto insurance, so that helps pay for it a little. Most companies I work with make you carry 250,000/500,000 limits and 500,000 liability on your homeowners before they even allow you to get an umbrella....but yes it is cheap and well worth the cost if you can get it. Quote Link to comment Share on other sites More sharing options...
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