Umbrella policy???

Foxrus14 · 10-18-2013, 02:53 PM

Who all has them and if you don't, you should...

Malibu1 · 10-18-2013, 06:08 PM

+1

kscarrol · 10-18-2013, 06:23 PM

In before the first person asks what an umbrella policy is?

Mr Tonka · 10-18-2013, 06:34 PM

Quote:

Originally Posted by Foxrus14

Who all has them and if you don't, you should...

And it should be for no less than your net worth.

Foxrus14 · 10-18-2013, 08:00 PM

I personally had no idea what it was till I took my concealed carry training. Found out real quick how expensive it is to shoot someone in your own house when they break in.

kevinbahnz · 10-18-2013, 08:52 PM

Quote:

Originally Posted by Foxrus14

I personally had no idea what it was till I took my concealed carry training. Found out real quick how expensive it is to shoot someone in your own house when they break in.

What?

Mr Tonka · 10-18-2013, 10:12 PM

Quote:

Originally Posted by Foxrus14

I personally had no idea what it was till I took my concealed carry training. Found out real quick how expensive it is to shoot someone in your own house when they break in.

I have a separate policy for that. Well, to be specific, it's a small premium for $300k of legal service.

KingOfJericho · 10-18-2013, 11:23 PM

I have one.

hudamang · 10-19-2013, 12:16 AM

Yeah it's necessary these days....never know who's about to sue you!

passing · 10-19-2013, 12:28 AM

this agent thinks its worth it..

if you can afford to be on this board, you can afford a few extra for the what if?? after all, this is America.

Foxrus14 · 10-19-2013, 02:09 PM

Quote:

Originally Posted by Mr Tonka

Quote:

Originally Posted by Foxrus14

I personally had no idea what it was till I took my concealed carry training. Found out real quick how expensive it is to shoot someone in your own house when they break in.

I have a separate policy for that. Well, to be specific, it's a small premium for $300k of legal service.

$300k won't cover it. Average cost to defend yourself after shooting an intruder is $480,000. This is of course with the Cassle law in place. We have a $2 million to take care of everything, car accident, someone suing us or being forced to shoot some Mofo that decided it was a good idea to break into our house.

NemesisX · 10-19-2013, 03:03 PM

So how much does it cost per month for a $2 million umbrella policy?

passing · 10-19-2013, 07:31 PM

Quote:

Originally Posted by NemesisX

So how much does it cost per month for a $2 million umbrella policy?

you should consult with your agent.

NemesisX · 10-19-2013, 07:41 PM

Quote:

Originally Posted by passing

you should consult with your agent.

Well I don't actually want to get one I just wanted some rough estimates out of curiosity.

I'd imagine that a $2 million umbrella insurance policy probably costs less than a $2 million life insurance policy for example but I just wanted some rough figures out of curiosity.

NemesisX · 10-19-2013, 07:46 PM

Quote:

Originally Posted by kscarrol

In before the first person asks what an umbrella policy is?

I'm not going to lie when I first saw the term I thought it was referring to the act of carrying an umbrella with you at all times in case it rains

Foxrus14 · 10-19-2013, 08:02 PM

Quote:

Originally Posted by NemesisX

So how much does it cost per month for a $2 million umbrella policy?

Ours is $219 per year. So...~$18 per month. We have all of our policy's through them. Car, house, jewelry etc...

Foxrus14 · 10-19-2013, 08:03 PM

Quote:

Originally Posted by NemesisX

Quote:

Originally Posted by kscarrol

In before the first person asks what an umbrella policy is?

I'm not going to lie when I first saw the term I thought it was referring to the act of carrying an umbrella with you at all times in case it rains

Needless to say you will be looking for an umbrella policy very shortly...no?

NemesisX · 10-19-2013, 08:13 PM

Quote:

Originally Posted by Foxrus14

Ours is $219 per year. So...~$18 per month. We have all of our policy's through them. Car, house, jewelry etc...

Oh wow that's it? That sounds fantastic actually. Interesting. I'll definitely look into one!

Mr Tonka · 10-19-2013, 08:23 PM

Quote:

Originally Posted by Foxrus14

$300k won't cover it. Average cost to defend yourself after shooting an intruder is $480,000. This is of course with the Cassle law in place. We have a $2 million to take care of everything, car accident, someone suing us or being forced to shoot some Mofo that decided it was a good idea to break into our house.

That's of course on top of the umbrella.

Quote:

Originally Posted by Foxrus14

Ours is $219 per year. So...~$18 per month. We have all of our policy's through them. Car, house, jewelry etc...

Yeah, they are too cheap not to have one.

Malibu1 · 10-19-2013, 10:40 PM

Quote:

Originally Posted by Foxrus14

Ours is $219 per year. So...~$18 per month. We have all of our policy's through them. Car, house, jewelry etc...

Sounds right. Think mine is 250 a year.

Endless619 · 10-19-2013, 10:42 PM

Quote:

Originally Posted by Foxrus14

Who all has them and if you don't, you should...

Did someone say Umbrella? There is only 1....LMAO

BMWrules7 · 10-20-2013, 09:25 AM

Quote:

Originally Posted by Foxrus14

Who all has them and if you don't, you should...

Just remember, most umbrella policies only kick in at 500,000 or $1,000,000.

So, while they are cheap, in general, you need to increase your vehicle limits to $500,000 or $1,000,000 so there are no gaps. And that can have a small extra cost too,

10-18-2013, 02:53 PM	#1
Foxrus14 1 SLY 1 51 Rep 187 Posts Drives: 2014 328i work car... Join Date: Jan 2013 Location: Charlotte, NC iTrader: (0)	Umbrella policy??? Who all has them and if you don't, you should... __________________ 2014 328i - Mine 2012 135i M Sport - Wifey 2014 z28 Hennessey 650 package - Mine 2014 Harley Davidson Street Glide Special - Mine 2014 Harley Davidson Breakout - Wifey
	Appreciate 0 Tweet Quote

10-18-2013, 06:08 PM	#2
Malibu1 First Lieutenant 42 Rep 313 Posts Drives: Charger HC, Backdraft Cobra Join Date: Nov 2010 Location: Washington State iTrader: (2)	+1 __________________ Currently own: 1965 Backdraft Cobra Replica, 2013 SVT Raptor, 2020 Charger Hellcat, 1967 Olds
	Appreciate 0 Quote

10-18-2013, 06:23 PM	#3
kscarrol Brigadier General 9602 Rep 4,130 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	In before the first person asks what an umbrella policy is? __________________ 2021 X3 M40i 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
	Appreciate 0 Quote

10-18-2013, 08:00 PM	#5
Foxrus14 1 SLY 1 51 Rep 187 Posts Drives: 2014 328i work car... Join Date: Jan 2013 Location: Charlotte, NC iTrader: (0)	I personally had no idea what it was till I took my concealed carry training. Found out real quick how expensive it is to shoot someone in your own house when they break in. __________________ 2014 328i - Mine 2012 135i M Sport - Wifey 2014 z28 Hennessey 650 package - Mine 2014 Harley Davidson Street Glide Special - Mine 2014 Harley Davidson Breakout - Wifey
	Appreciate 0 Quote

10-18-2013, 11:23 PM	#8
KingOfJericho Major General 2458 Rep 7,341 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	I have one. __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
	Appreciate 0 Quote

10-19-2013, 12:16 AM	#9
hudamang Enlisted Member 10 Rep 46 Posts Drives: Hopefully M4 Join Date: Aug 2013 Location: San Diego iTrader: (0)	Yeah it's necessary these days....never know who's about to sue you! __________________ To M3 or M4...that is the question.
	Appreciate 0 Quote

10-19-2013, 12:28 AM	#10
passing hey 60 Rep 476 Posts Drives: caprice wagon Join Date: Jul 2012 Location: cruisin down the street in my '64 iTrader: (5)	this agent thinks its worth it.. if you can afford to be on this board, you can afford a few extra for the what if?? after all, this is America.
	Appreciate 0 Quote

10-19-2013, 03:03 PM	#12
NemesisX Captain 321 Rep 905 Posts Drives: '19 Infiniti Q60S Join Date: Jul 2009 Location: TX iTrader: (0)	So how much does it cost per month for a $2 million umbrella policy?
	Appreciate 0 Quote