 Selling life insurance question.? |
| I have been having interviews for a life insurance company. My uncle advised me NOT to do it, because it's kind of a screwy business and you can get yourself into financial trouble doing it. W... |
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 Am i eligible for medicaid? |
| i live in florida, am 20 years old, dont have a job, go to school full time, trying to go to a dermatologist and prices are insane without insurance; help plz ... |
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 Where can my fiancee get financial assistance for medical bills? |
| This past weekend, the daughter of my fiancee fell very ill and has been hospitalized. When she is released from the hospital in about three days, we expect the bills to exceed $10,000.00. My fiancee ... |
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 Can you carry a life insurance policy on a family memeber without their permission? |
| We recently found out that our great uncle supposedly has life insurance policies on everyone in the family. We are located in Ohio and we are just concerned with this situation and would like to ... |
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 Is it a law that a company must cover your health insurance for the rest of the month when you quit? |
| I know someone who like to quit their job, but they don't know if the company will terminate their health insurance immediately or not. They can't ask anyone at the company. Is there a law ... |
|
 What happens if my jewellery is recovered? |
| I recently had my apartment robbed and all my jewellery taken (mostly sentimental). I want to put this whole thing behind me and just file the insurance papers, but I still have hope that my ... |
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 Can someone tell me how hard it is for a nurse to work for an insurance company? |
| What I would like to know is: Is it very hard to work for the insurance companies that have a nurse on call for their 24 hour nurse line. I have alot of nursing experience and would like to find ... |
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 DECEASED PARENT'S LIFE INSURANCE? |
| My mother died (while still employed) at Allied Signal back in 1970. Today the company is known as Honeywell. I've hit every stone wall there is in trying to research the Life Insurance company ... |
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 Which Term Life Insurance policy to cancel? |
I have 2 Term Life Insurance policies on myself.
Both are for the same dollar amount.
"A" is 20 yr, of a stable Insurance company under State Farm Insurance ($68 per month)
&... |
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| How does insurance exactly work? |
| Ok, you have a bill, the bill is more than what you put into insurance, say you just started the first year and only paid $500, and that bill is $1000. Insurance just pays for it all even though you ... |
|
 Travel insurance policy start date? |
| The travel insurance i want to buy includes cancellation cover. Do i put the policy start date as the start of my holiday? because if i do that am i covered from now if i have to cancel? =/ sorry im 1... |
|
 How long after giving up smoking before being in the clear? |
| I used to smoke and my insurance premiums are based on my being a smoker. However, now that I have given up, I want to be re-assessed on the basis of being a non-smoker. How how before insurance ... |
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 Can we file insurance claim when selling the house? |
| We are selling our house. The inspector found some hail damage and requested the roof to be replaced. My home insurances covers hail and wind damage, but would they pay for if we are in the process ... |
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 Insurance policies are always for 12 months. Why? |
| just wondering why all insurance policies seem to be for 12 months. Is there any reason why insurance companies don't have eg 18 month policies. Or why not just rolling monthly policies? Are ... |
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John | How to buy an umbrella liability insurance policy? |
Homeowners who insure their homes and cars with the same insurance company can often buy an "umbrella" policy that covers everything beyond their homes and vehicles.
Although I don't own a home, I have substantial financial asset (stocks and bonds) that I want to protect. If possible, I want to avoid renters' insurance because I don't have much valuable stored at home. What is the best way for me to protect my financial asset against lawsuits that aren't from car accidents?
I want the insurance company to provide good lawyers in case I'm hit by a frivolous lawsuit, such as sexual harassment and discrimination although my profession doesn't expose me to medical malpractice suits.
What are my options and how should I choose? |
 |
 
mbrcatz
|
An umbrella liability policy has an "underlying limit requirement". For homeowners, it's usually $300,000. That means, that you have to have personal liability (found on a renters policy or homeowners policy) with limits of at least $300,000 before the umbrella policy "kicks in".
The renters policy costs $150 a year, give or take. You WILL have to purchase it in order to get a personal umbrella policy, which should run you around $250 a year for $1,000,000.
The truth of the matter is, even if you don't own your home, you LIVE somewhere, and you have the same liability exposure from living in an apartment as you do living in a home. If a friend trips on your carpet and breaks his leg, he can still sue you!! Your dog can still BITE someone, and you can still hit someone while driving a golf cart at the club!
You CAN find a company willing to write the policy without the underlying renters policy, HOWEVER, it will probably have defense costs WITHIN LIMITS, and have a $500,000 deductible (underlying limit, which you choose to decline) so you'll have to prove to them that you've paid the first half mil before they start paying anything. This would be through an inadmitted carrier in your state, and will probably run you $750 a year. Cheaper to do it the other way. |
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Eunice Melinda Saunders
|
Hi, my name is Eunice Saunders and I am an Insurance Agent. You must have "underlying" insurance to purchase Umbrella policy. First get a small renters policy say 20k or less with at least 300K in personal liability coverage then you will qualify for the Umbrella policy. The renters policy is very cheap...maybe 50-60 dollars per year and it will give you the additional coverage that you need plus protect your belongings as well. Good luck! Eunice |
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Loollea
 |
some of the lawsuits you listed (harrassment/discrimination)
might not be covered by a personal umbrella, you might need a professional liability policy - see your agent for details and quote |
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justcurious
 |
get an agent |
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