 Car health insurance...? |
| Why does car health insurance not exist I mean if it did then you would just pay a premium and then when you took it to a repair shop the insurance would cover it.... |
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 Insurance- is there anything I can do?!? |
Long story- I will appreciate if you read it-
My husband was in the hopsital last summer becuase of a mold allergy (from mold at his work). He was in for 14 days and in very serious condition. W... |
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 [Health Insurance] What is the difference between "deductible" and "maximum out-of-pocket expense limit"? |
| [Health Insurance] I dont exactly understand how both the terms apply to my expenses towards a medical care. I am talking about Physican and Hospital Services in particular, rather than Preventive C... |
|
 Anyone bought a trampoline, put it up and then have an insurance company demand you take it down or drop you? |
| Insurance company has demanded trampoline come down. Saftety nets, adult supervisor followed to a "T". Spent good amount of $$$ on it! Been up for less than a year. Under warranty. Anyone ... |
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 Have you screwed up more than me? |
| I wrecked my car twice in 1 year, that sucks, 2000 ford mustang GT, hot rodding is not wise people, what should I do, I have a job but deductibles, and insurance have eaten me up within the last 12 ... |
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 Neighbor's gigantic tree falls on my garage. In PA.? |
know this.
My insurance company will pay for the damage to my garage.
Who pays for the removal of the tree?
They say it is an "Act of God" so the person who'... |
|
 How safe are Aig annunitys .They are not Fdic insured? |
| My wife and I each have AIG annuitys .They are not FDIC insured. How safe are they . Can they be rolled over to a FDIC insured fund?... |
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 Question about insurance covering dental procedures? Please answer!!? |
My insurance covered my orthodontics as a teen.
They covered all routine dental work.
They covered a procedure in which I had a baby tooth pulled, because there was no adult tooth ... |
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| Can health insurance coverage be denied (because of a prexisting condition) after COBRA expires? |
| I retired from my job at 65. After my retirement my company "kicked out" our two dependent children from the company health plan. Both children are at this time still covered under COBRA. <... |
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 I am a commercial insurance producer. What are the most profitable industries to go after? |
| I just got started in commercial insurance, property & casualty, risk management, workers comp, etc. I have been told I need to find a niche to specialize in and go after it. My goal obviously is ... |
|
 Does Home Insurance cover vandalaism to a car ? |
| Someone threw a bunch of salt into the gas tank of my 89 chevy van. Found this out since the van wouldn't start. Spent a bunch to have it flushed, got pump, filter replaced. Now have a cap with ... |
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 Question about car wreck & medical bills?!?!? |
| If your in a car accident and paramedics come and ask you if you want to be taking to the hospital and you refuse and then they said they dont think you are not of sound mind because of the wreck and ... |
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 Insurance company question? |
| if a person has auto insurance for $100,000 and he hits someone and they have broken bones and the person they hit wants more than $100,000 for pain and suffering, how could the person get more money ... |
|
 Why is it that insurance companies don't want to insure property that is rented out? |
| I would like to buy a trailer and rent it out. I am particular about tenants and I take care of my property. Insurance companies frown on rentals. Why is this when the landlord also wants to have ... |
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Figato | Umbrella insurance: what does it cover? |
I'm specifically concerned with my wife's candle making craft.
She plans on selling a few candles to family and friends. Very small operation.
If one of these people burn their house down and decides to sue us because of a "faulty candle" (ugh .. the things you have to worry about these days!)
Would our umbrella policy cover it? |
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mbrcatz
|
Likely not. There's a "personal umbrella" and a "commercial umbrella". The personal umbrella, if it's a TRUE umbrella policy (many are not these days, they're really "excess liability") has an exclusion on it for business activities. It doesn't matter how small the business is - it's a business activity. If the candle was a GIFT, then your homeowners liability policy would be covering it first. Of course, if it's a gift, then you don't have the same standard of legal negligence, either, and it's harder to be sued.
For a commercial umbrella, she'd need the underlying general liabiltiy policy first, and frankly, you'd have to sell a heck of a lot of candles to be able to afford the liability premiums.
You should be discussing your options with YOUR AGENT, though. |
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van_at_lincoln
 |
Your personal umbrella would not cover this type of exposure. If you wife is selling candles, she needs general liability insurance for her business. She then could get a commercial umbrella policy. But, sadly, your personal umbrella isn't going to cover damage caused by her candles... |
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regerugged
 |
Without seeing your policy, it is a hard question to answer. Generally the Umbrella covers what the underlying policy covers. If it is attached to a homeowners' policy, there would be no coverage. What you described is a products liability claim. |
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daveguy48
|
Great Question.
First off you would want to check to see what types of coverages your policy has. An umbrella insurance policy is made to cover above and beyond what normal home, auto, or life insurance would provide.
A good site for types of insurance coverages is http://www.finance-your-life.com
It has an article on types of coverages that will help you understand exactly what umbrella insurance covers.
Happy Insuring =)
Dave |
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William
|
She is operating a small business even though it sounds like she is doing it as a hobby. More than likely you won't get sued for this but should you, your personal general liability umbrella would not cover it. However I would say that you can probably call your agent and have them put a rider onto your policy to cover this for very little money. |
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Forrest L
 |
Talk to your insurance agent - that is what they get paid a commission to do - answer your questions and have the authority to do so with regards to your policy. |
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