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re: Are umbrella insurance policies even necessary for most people?

Posted on 2/4/24 at 4:45 am to
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
5345 posts
Posted on 2/4/24 at 4:45 am to
quote:

$112/mo for $1MM


That is unreasonably high.
Mine for $2mil is $360/yr.

quote:

Garnishment I hear only happens in rare cases anyway. Most PI firms wont pursue beyond known policy limits.


This is not true. I was personally in a trial this week, and they are going after a friends wages.
Posted by masoncj
Atlanta
Member since Jun 2023
291 posts
Posted on 2/5/24 at 9:30 am to
Yep the OP is getting ripped off

I have a $3m UP and it’s about $500 a year
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