Why Every Policyholder Needs Umbrella Insurance

December 17, 2004 1:51 PM

Why Every Policyholder Needs Umbrella Insurance

A nice summary from About Personal Finance on why everyone should consider buying umbrella insurance.

"A personal liability umbrella insurance policy can give one added liability protection without a large added cost. Additional liability insurance is often inexpensive, especially compared to the added coverage one gains. Furthermore, liability insurance covers one�s non-business activities anywhere in the world. Having the added protection of a liability umbrella policy is coverage no one should go without."

Personally, I have $1M umbrella insurance from Safeco on top of $500,000 liability insurance from both auto and homeowner's insurance. It only costs me about $100 a year but gives me the peace of mind. With $1.5M liability coverage I am assured I only have a slim change to be involved in a liability litigation.

Don't Let Your Fears Sell You Insurance (December 10, 2004)

WSJ's Terri Cullen explains why you should think twice before buying these four types of insurance: Cancer Insurance, Sports-Injury Insurance, Terrorism Insurance and Identity-Theft Insurance. Here is why.

Mail This Post

Email addresses will never be collected or sold.

Read all 2 posts in the same category of All Other Insurance:

Health Savings Accounts Expand Medical Coverage Options - Dec 20, 2004
Insurance Rates To Rise For Massachusetts Homeowners In Risky Weather Regions - Dec 17, 2004
Why Every Policyholder Needs Umbrella Insurance - Dec 17, 2004
Many States Altering Rules On Insurance - Dec 13, 2004
19 Ways To Save On Auto Insurance - Dec 11, 2004
Auto Insurance Basics - Dec 11, 2004
Vehicle Insurance Ratings from State Farm - Dec 10, 2004
A Term Life Insurance Policy That Pays Back, Sometimes - Dec 10, 2004
Life Insurance For Your Kids: Creepy, But... - Dec 10, 2004
Best and Worst States for Auto Insurance Premiums - Dec 10, 2004
What You Need, What You Don't - Dec 10, 2004
Don't Let Your Fears Sell You Insurance - Dec 10, 2004
Nine Ways To Cut the Cost of Your Homeowner's Insurance - Dec 10, 2004
A Few Words First ... - Dec 10, 2004
The Start of The Insurance Weblog - Dec 09, 2004

Term Life Insurance - most affordable life insurance you can find.

Casino 365 - guide to online casinos, play blackjack, slots, roulette.

Home Directory - looking for home websitse from around the web? our site is a growing community of links to other great resources.

Home Warranty - north america's leading home warranty provider, offers comprehensive home owner warranty, home buyer warranty and other home warranty services.