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Personal Liability Umbrella (Insurance) Policies

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Old 03-04-2004, 11:14 AM
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We've had one with American Family since we purchased our home in '87. It was strongly recommended to us by our agent (a friend of ours as well) because we have an inground pool and waterfront on the river which were both viewed as possible liabilities. American Family insures all of our vehicles, boats, and properties.
I think the coverage is now at 3 million; not sure of the cost- one of the advantages of having a spouse that's a CPA is I don't have to write the bills , I just ask whether I have any money or not (and permission, of course )















NOT!
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Old 03-04-2004, 11:15 AM
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Quote:
Originally posted by craig223
Dude!!!

When was the last earthquake in South Carolina?
Yeah Craig, but when was the last one in the DC area? About 4 or 5 weeks ago.

As a matter of fact... I was sitting in my State Farm Agent's secretary's office when it happened.

Last edited by Sydwayz; 03-04-2004 at 11:18 AM.
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Old 03-04-2004, 12:00 PM
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I have $1M coverage through Travelers for about $150/year. (Stupid cheap for the peace of mind.) The only other policy I currenty have with them is auto.

Last edited by Macklin; 03-05-2004 at 07:24 AM.
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Old 03-04-2004, 12:08 PM
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Quote:
Originally posted by craig223
Dude!!!

When was the last earthquake in South Carolina?
One of the most active faults in the Country runs from Charleston thru Columbia. Columbia and its surrounding area had 600 tremors last year. I know this because I work at a Nuke plant ,we have detection equipment everywhere around the site.

Insurance is for just in case, right?


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Old 03-04-2004, 12:14 PM
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Quote:
Originally posted by Jan
One of the most active faults in the Country runs from Charleston thru Columbia. Columbia and its surrounding area had 600 tremors last year. I know this because I work at a Nuke plant ,we have detection equipment everywhere around the site.

Insurance is for just in case, right?


Jan
WOW, I didn't know that!!!

Are you all warming up down there? It's going to be 75 here tommorrow!!!
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Old 03-04-2004, 12:16 PM
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Does this help reduce premiums on anything else insured (ie. will it reduce your auto cause you have other liability coverage then, etc)? Or is it just additional insurance/piece of mind?

I'd like to get sued for "everything I own". I need help making the payments on all of it anyway.
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Old 03-04-2004, 12:44 PM
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SF made me change my liability coverage on my autos when I got my umbrella policy. But as my agent said...you have enough assets now you can't afford to be without more liability coverage.

I think I pay around $175 or so a year for it.
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Old 03-04-2004, 01:17 PM
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I just called SF for 1million vs 2 million, ill see where they come out. Ive never heard of this. and they have never recommended it.
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Old 03-04-2004, 01:17 PM
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Quote:
Originally posted by Von Bongo

I think I pay around $175 or so a year for it.
1mil or 2?
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Old 03-04-2004, 01:44 PM
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its great if you have wild kids too.
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