Reply to When did you get umbrella insurance?

Forum Index » Money and Finances

Reply to "When did you get umbrella insurance?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=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!!!! [/quote]

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"[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics