bobandsherry
Thinks s/he gets paid by the post
- Joined
- Nov 24, 2015
- Messages
- 2,694
$225 for $1mill, Tampa FL area. Written with Traveler's.
$150 for $1M with RLI. Couple, one house and two cars and two drivers in Eastern North Carolina.
Probably will check on cost to bump it to $2M next time I talk to Insurance Agent.
We pay about $250/yr for 2 million in Texas.
Just curious, but when is the right time to drop this type of coverage? Our risks are much less than they used to be with no kids at home, only driving limited miles, DW not driving at all, etc.
$292.03 for $2M. We have a 2018 Outback & a 2019 Accord Hybrid.
Though our auto insurance got the 15% discount w coronavirus, wonder if that will impact umbrella?
Heh, it also serves as an enticement for someone to sue you. Years ago my daughter was involved in accident. Suit was filed against us, reason really unknown. But lawyer for insurance company said that when someone finds a large umbrella policy it just invites them to file a suit, just playing the odds that they get a friendly judge and/or jury. But as you said it also caused insurance company to put a quality attorney on the case to cover their interest. In the end the suit was settled for an amount that covered the medical bills, which wasn't a whole lot.$2m is an often quoted amount to have in order to have enough skin in the game to make it worthwhile for the lawyers to get involved to the fullest extent.
Can yall share what you pay for how much umbrella? I looked through the forum and found a discussion dated 2014 but nothing recent. Maybe I didnt use the right search terms.
Just got our umbrella policy renewal. We carry $2m. Last year: $273. We bought a new Subaru Forester midyear and it went to $403. This year it remains $403. Does this seem realistic to yall? I looked for a survey of umbrella premiums and haven't seen one yet. Our underlying liabilities are a 100K rental prop, a 400k residence, a beater car and a Subaru Forester. We have USAA and we have all policies with them (yeah I know, theyre high sometimes but they have paid 100pct of the time within a day of loss or so, so we stay with them. Reroofed the rental prop no probs etc etc) Is this just the regular USAA markup, is everyone's this high? What do yall think? We are in South Texas if that's relevant.
THanks