Comments on: Umbrella Insurance: Must-Have Protection

By: Importance of Umbrella Insurance | Umbrella Insurance

Importance of Umbrella Insurance | Umbrella Insurance — Tue, 30 Sep 2008 04:35:17 +0000

[...] Vice President of Product Development for commercial lines at Nationwide Insurance. Business umbrella liability insurance coverage extends to beyond the borders of their basic needs and insurance companies and provides [...]

By: Clint

Clint — Sat, 06 Sep 2008 02:27:07 +0000

Umbrella liability insurance is so named because it acts like an umbrella, sitting on top of your other policies to provide extra protection IN ADDITION to your other policies. Umbrella liability insurance pays $1 million, $2 million and sometimes even $5 million or more of a claim, on top of what your basic policies will pay.

By: Lise

Lise — Fri, 05 Sep 2008 15:53:32 +0000

I’m a little confused… does umbrella insurance exist IN ADDITION to your other policies (so you have a homeowner’s policy, an auto policy, a life insurance policy, AND umbrella insurance), or does it INCLUDE all of these policies (i.e. when you purchase umbrella insurance you’re purchasing all of these, and don’t need to purchase the policies separately)?

By: Carnival of Personal Finance #168 - Fire Up the Grill, It’s Labor Day | One Caveman's Financial Journey

Mon, 01 Sep 2008 12:38:23 +0000

[...] Accumulating Money – Umbrella Insurance: Must-Have Protection [...]

By: Jerry

Jerry — Thu, 28 Aug 2008 23:00:20 +0000

I was never completely sold on umbrella insurance until I saw what happened to my friend in New Orleans during Hurricane Katrina. He lost his house and almost everything in it… and his insurance covered about 40% of their losses. Umbrella coverage makes sense in those kinds of places, definitely.
Jerry