Author Topic: umbrella insurance  (Read 2554 times)

Offline moish

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umbrella insurance
« on: December 20, 2010, 02:20:24 PM »
thinking about getting it. anybody have recommendations?

Offline moish

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Re: umbrella insurance
« Reply #1 on: December 20, 2010, 03:36:45 PM »
thanks for all the responses thus far, but i would like to know if i can get it if i dont currently have homeowners or car insurance?

Offline bades

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Re: umbrella insurance
« Reply #2 on: December 20, 2010, 04:45:35 PM »
why would you want an umbrella policy if you dont own a car or home?

Offline moish

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Re: umbrella insurance
« Reply #3 on: December 20, 2010, 04:49:42 PM »
to protect my assets

Offline bades

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Re: umbrella insurance
« Reply #4 on: December 20, 2010, 04:55:50 PM »
i am an insurance broker, and an umbrella policy, must be an umbrella of another policy. it must be attached to another policy, so the basic answer is no..

Offline moish

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Re: umbrella insurance
« Reply #5 on: December 20, 2010, 05:01:27 PM »
it for sure has to? even with a large deductible?

Online AsherO

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Re: umbrella insurance
« Reply #6 on: December 20, 2010, 05:59:01 PM »
i am an insurance broker, and an umbrella policy, must be an umbrella of another policy. it must be attached to another policy, so the basic answer is no..

"Someone" has to hold the umbrella, eh?

What assets are you looking to protect?
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Offline moish

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Re: umbrella insurance
« Reply #7 on: December 20, 2010, 06:06:42 PM »
well generally somebody has homeowners insurance with lets say 1000 deductible up to 300,000, then umbrella wih a deductible of 300,000 up till lets sat 1,000,000, then if hes gets sued and loses a judgement of 1m, all he has to pay out is 1k.
i would like to know if step 1 is necessary. why cant i just get the umbrella with the huge deductible?

Offline moish

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Re: umbrella insurance
« Reply #8 on: December 20, 2010, 06:07:28 PM »
and a judgement can be collected from future earnings as well

Offline bades

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Re: umbrella insurance
« Reply #9 on: December 21, 2010, 01:02:45 PM »
you can get a non owned auto policy, if you dont own a car but if you borrow or rent cars, and an umbrella on top of that, Do you live with your parents? ? if so, you would be covered with there umbrella policy.. if you rent an apt their are things that can be done as well

Offline SuperFlyer

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Re: umbrella insurance
« Reply #10 on: December 21, 2010, 05:05:06 PM »
Moish, your umbrella has been discussed already.http://www.dansdeals.com/forums/index.php?topic=344.msg49469#msg49469

Offline moish

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Re: umbrella insurance
« Reply #11 on: December 21, 2010, 05:14:22 PM »
very funny