Comments on: What Is an Umbrella Insurance Policy?

By: James

James — Wed, 12 Jun 2013 17:59:57 +0000

Part of me wants to say that umbrella insurance is a good idea. The practical part of me wants to think that it is non-sense. I mean, c’mon… insurance on top of insurance? Umbrella policies do nothing but give the big insurance companies more money. How much insurance do we actually need anyways? You guys should write an article about how much money we waste in our lifetimes on insurance coverage.

By: Michael @ The Student Loan Sherpa

Michael @ The Student Loan Sherpa — Wed, 12 Jun 2013 03:49:38 +0000

I agree with Mike, the asset threshold should be lowered.

I’d also recommend you talk with your agent to discuss how this policy works with your homeowners insurance. Homeowners insurance does not cover what it once did, but many would be surprised about the variety of situations in which it will afford some coverage.

By: Christopher Harrington

Christopher Harrington — Tue, 11 Jun 2013 21:15:34 +0000

Great post! My coworker and I were were discussing this topic this morning. Thanks for the useful information.

By: Mike@WeOnlyDoThisOnce

Mike@WeOnlyDoThisOnce — Tue, 11 Jun 2013 19:39:14 +0000

I agree that the assets rule of thumb should probably be set lower, depending on where those assets are housed. Very informative.