Comments on: I’ve Got 99 Problems but a *Million Dollar Umbrella Insurance Policy* Ain’t One. https://eliteedgemoney.com/1-million-umbrella-insurance-policy/ Money | Minimalism | Mohawks Mon, 31 Dec 2018 20:52:37 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-273785 Mon, 31 Dec 2018 20:52:37 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-273785 In reply to GLENN ALLAN.

Whaaa? That doesn’t seem right? I’d call them up ASAP and figure out what’s going on…

]]> By: GLENN ALLAN https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-273775 Sun, 30 Dec 2018 16:36:03 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-273775 USAA SENT ME A UMBRELLA DICONTINUED?? I HAVE BEEN WITH THEM FOR 40YEARS NEVER MADE A CLAIM ON MY UMBRELLA , NEVER BEEN LATE , MAKE GOOD MONEY , HAVE 3 CARS TWO HOME INSURED WITH THEM AND NEVER MADE A LATE PAYMENT NO CLAIMS ON THE HOMES JUST ONE ON THE CAR( SOMEONE HIT ME) DURING THIS TIME PERIOD. ARE THEY DISCONTINUING ALL UMBRELLA . NOT TH SAME USAA THAT I STARTED WITH;-(

]]> By: J. Money https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-133990 Wed, 12 Feb 2014 13:37:35 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-133990 In reply to Boomerang Girl.

Both are annoying, but equally smart!

Actually, I don’t know which one is smarter to have… probably life insurance I’d reckon. There’s no avoiding that kicking in one day :(

]]> By: J. Money https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-133989 Wed, 12 Feb 2014 13:36:13 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-133989 In reply to BJ.

Oh yeah – I remember having to up my auto insurance stuff too, but I can’t remember if it was because I moved into VA and it was a VA thing, or an umbrella policy thing (I did both at the same time). Either way, I know my car insurance didn’t rise at all… it went down! (But prob cuz I moved from one state to another ;))

]]> By: J. Money https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-133987 Wed, 12 Feb 2014 13:34:30 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-133987 In reply to Franklin B.

Damn, good to know – thanks.

]]> By: J. Money https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-133986 Wed, 12 Feb 2014 13:33:44 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-133986 In reply to Naomi.

ACK!!! Freaky!

]]> By: Boomerang Girl https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-133915 Tue, 11 Feb 2014 01:32:33 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-133915 This is such great information – definitely worth the cost. We are researching life insurance now, but an umbrella policy is next on the list. Thanks, J$!

]]> By: BJ https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-133913 Tue, 11 Feb 2014 00:42:40 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-133913 I have had an umbrella policy for the better part of 6 or 7 years now and I never regret having it. It costs $128/yr for 1MM in coverage in our case. For people trying to cut back every expense this is one area where you shouldn’t. I can find other ways to save that money and not be exposed to unwanted liability. People are quick to sue, and lawyers like large settlements!

One thing to remember at least for our policy anyways is that you need to up your auto coverage from 100/300k to 300/500k to qualify for the umbrella. But again it really is money well spent in my opinion.

Smart post J-money!

]]> By: Heather https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-133912 Tue, 11 Feb 2014 00:15:22 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-133912 Good info! I actually just switched back to USAA and am very happy about it. They’ve always been good to me!

]]> By: Sue D https://eliteedgemoney.com/1-million-umbrella-insurance-policy/#comment-133911 Mon, 10 Feb 2014 23:26:51 +0000 https://staging.eliteedgemoney.com/?p=37589#comment-133911 I took a personal finance course a hundred years ago and the teacher told us about umbrella policy’s saying most agents would not tell you about them. His example of a catastrophe was hitting a bus! My late husband and I had an umbrella right after taking that class.

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