When did you get umbrella insurance?

[Anonymous]

As soon as we had any meaningful assets to protect.

[Anonymous]

Note from a personal injury lawyer:

You all need to check your insurance.

Auto: there’s liability and underinsured/uninsured motorist coverage. Given the average family in this area, get lots of both. Liability protects you if you cause a collision. UIM protects you if you’re hit by a driver with the minimum coverage, which can be just $30-50,000 depending on where you live. Get as much of these as you can. Don’t skimp here. Don’t tie the amount to your assets. That’s dumb. Think about how much money would you want available in the insurance “pot” if someone caused you to lose a leg or be unable to work again. That’s the UIM policy.

Also, umbrella insurance is very cheap typically. Get at least $1,000,000.

Even though I fight with insurance companies all the time for my clients, I’m a huge proponent of getting all the insurance. It’s better to fight about whether you have $250,000 in injuries, or $1,000,000 in injuries, etc. and know there’s insurance to pay it than to have nothing to fight about because the defendant only has $30,000 and your UIM is only $100,000.

Get the insurance!!!!

[Anonymous]

Anonymous wrote:Note from a personal injury lawyer:

You all need to check your insurance.

Auto: there’s liability and underinsured/uninsured motorist coverage. Given the average family in this area, get lots of both. Liability protects you if you cause a collision. UIM protects you if you’re hit by a driver with the minimum coverage, which can be just $30-50,000 depending on where you live. Get as much of these as you can. Don’t skimp here. Don’t tie the amount to your assets. That’s dumb. Think about how much money would you want available in the insurance “pot” if someone caused you to lose a leg or be unable to work again. That’s the UIM policy.

Also, umbrella insurance is very cheap typically. Get at least $1,000,000.

Even though I fight with insurance companies all the time for my clients, I’m a huge proponent of getting all the insurance. It’s better to fight about whether you have $250,000 in injuries, or $1,000,000 in injuries, etc. and know there’s insurance to pay it than to have nothing to fight about because the defendant only has $30,000 and your UIM is only $100,000.

Get the insurance!!!!

I did a brief stint in PI and man, I spent so much time saying "yes, your husband is paralyzed and likely to die but the most we can get from the other driver is $30k"

[Anonymous]

lol how so many of you consider umbrella insurance to be a status symbol. Pathetic.

We have an umbrella policy because we’re landlords. No other reason.

[Anonymous]

Anonymous wrote:When my oldest teen began driving.

—Very wealthy person

Wow, you were rolling the dice for a long time before that. You or your husband could have seriously injured someone else long before that.

[Anonymous]

When we joined nonprofit boards. Upped it when we became landlords.

[Anonymous]

Anonymous wrote:lol how so many of you consider umbrella insurance to be a status symbol. Pathetic.

We have an umbrella policy because we’re landlords. No other reason.

That’s when we got ours, too but you don’t have to be such a cretin about it.