Quote:
Originally Posted by FAX
That's exactly why it's important to have an umbrella policy added to your auto insurance.
We used to be a land of laws. Now we're a land of lawyers. Subtle but important (and usually expensive) difference.
FAX
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Umbrella policies do add protection - but in general I believe they are overrated. Just more for the other party to go after. I guarantee you that if somebody had 10k liability limits versus 100k liability limits the settlement will always be waaaaay less even for the same accident, same "damages" for the person who has 10k liability limits.
But yeah - they are so cheap - if you have alot of assets might as well get one. With my insurance policy it actually SAVES me money to get an umbrella policy due to the discount it helps me get on my cars and houses.