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

Posted on 2/4/24 at 5:13 pm to
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
14341 posts
Posted on 2/4/24 at 5:13 pm to
#1 You’re paying too much.

#2 With the cost of vehicles, health care and liability claims you can blow through $500k in a heartbeat. A friend was involved in a multi car accident he the cost of vehicle physical damage alone was in excess of $200k.
Posted by Rize
Spring Texas
Member since Sep 2011
15916 posts
Posted on 2/7/24 at 10:15 pm to
quote:

#1 You’re paying too much. #2 With the cost of vehicles, health care and liability claims you can blow through $500k in a heartbeat. A friend was involved in a multi car accident he the cost of vehicle physical damage alone was in excess of $200k.



I’m probably way underinsured. I’m not even sure what my policy is on auto but I don’t have anything beyond that.
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