[Nords]

Quote:

Originally Posted by brewer12345 I believe you would be best served by an umbrella policy, even if you have to go to another insurer to get it.

I agree but there's a hidden story here and my inner nuke is curious about why an insurance company feels compelled to take this step. I guess the essential question is: what's not covered by a personal excess liability policy that would be covered by an umbrella policy?

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Originally Posted by brewer12345 You want a minimum of $1MM umbrella, 2 or 3MM would be better. These policies are cheap protection against unlikely, but potentially devastating happenings.

I stumbled across an interesting gotcha with Armed Forces Insurance's umbrella liability policy that may apply to other company's policies as well. When I called to raise our umbrella liability limit (thank you, Hawaii real estate & Berkshire Hathaway!) I was informed that there was an annual limit on the size of the increase. In other words the higher limit that we wanted couldn't be jumped all at once-- it would have to be done over two years (or technically over 365 + 1 days). This "requirement" was eventually waived upon vociferous complaining by a 25-year customer taking up way too much "Customer Service" time, but it's an interesting loophole that I hope others can avoid.