Do I need an "umbrella" insurance policy?
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wrote on 12 May 2020, 23:39 last edited by
When we had the Cheddarshack
I was always worried about the pool, particularly when we were away, sometimes for weeks at at time.That's all gone now.
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wrote on 12 May 2020, 23:50 last edited by
How much did it cost you?
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wrote on 12 May 2020, 23:52 last edited by
It seems like you have to have insurance for everything nowadays.
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wrote on 12 May 2020, 23:55 last edited by
@Loki said in Do I need an "umbrella" insurance policy?:
How much did it cost you?
About
10 pizzas$350 a year. -
@Loki said in Do I need an "umbrella" insurance policy?:
How much did it cost you?
About
10 pizzas$350 a year.wrote on 12 May 2020, 23:58 last edited by Loki 5 Dec 2020, 23:59@George-K said in Do I need an "umbrella" insurance policy?:
@Loki said in Do I need an "umbrella" insurance policy?:
How much did it cost you?
About
10 pizzas$350 a year.I missed the pool part on first pass when I thought I had a better rate than you. I don’t mind spending for some piece of mind. I’m not an insurance type guy and if I thought about it harder I’d probably dump it but I’m used to it now.
I agree that one doesn’t attempt to cover their entire worth.
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wrote on 13 May 2020, 00:30 last edited by Mik
I have one. It saved me enough on car insurance that it paid for itself.
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wrote on 13 May 2020, 12:45 last edited by
Knew a guy that built his own home. Literally, from sawing down the trees until banging in the last nail. He didn't have homeowners, just one liability policy to cover pretty much everything. He said it was cheaper.
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wrote on 13 May 2020, 13:33 last edited by
Does an umbrella policy cover auto? What about having younger drivers on the policy? How does that work?
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wrote on 13 May 2020, 14:09 last edited by
Okay, party at George's place! Be sure to bust your ass on the kitchen floor; payday, bitches!
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Does an umbrella policy cover auto? What about having younger drivers on the policy? How does that work?
wrote on 13 May 2020, 15:51 last edited by@mark said in Do I need an "umbrella" insurance policy?:
Does an umbrella policy cover auto? What about having younger drivers on the policy? How does that work?
Auto insurance has several components, including collision, comprehensive, uninsured motorist, medical and personal injury.
I think the term umbrella is usually used in reference to just a Liability policy that might cover any of your liability from any source.
Many people have multiple insurance policies each containing liability coverage. So if you have a liability policy on each car and your house. These may be redundant policies. If you replace all your liability policies with a single Umbrella Liability policy you might save money.
But this doesn't address collision, medical and the others.
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Does an umbrella policy cover auto? What about having younger drivers on the policy? How does that work?
wrote on 13 May 2020, 16:03 last edited by jon-nyc@mark said in Do I need an "umbrella" insurance policy?:
Does an umbrella policy cover auto? What about having younger drivers on the policy? How does that work?
The umbrella policy provider will typically tell you you need to have a certain minimum liability coverage on the auto policy, then they cover the difference between that amount and your cap.
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wrote on 13 May 2020, 16:12 last edited by Mik
That's how mine works. It protects my assets in this age of deep pocket theory.