Need to be carefull out there

[392cobra]

Originally Posted by mreid

If you have a boat and a house, you need to find out what an umbrella policy is PDQ!

Yep !

If you like what you have and want to keep it,get an Umbrella Liability Policy.
PDQ !

http://www.nytimes.com/2008/03/18/bu...pagewanted=all

[patrickt]

Originally Posted by 392cobra

Yep !

If you like what you have and want to keep it,get an Umbrella Liability Policy.
PDQ !

http://www.nytimes.com/2008/03/18/bu...pagewanted=all

And when you get that umbrella, make sure the insurance carrier knows of your Cobra and that the underlying liability policy for the Cobra and the Umbrella Policy are "tied together." In other words, what you don't want is to have your regular cars insured by GreatHands Insurance, with whom you also have a nice $5M umbrella policy, but GreatHands doesn't know that you also have a collector car policy on your Cobra with Bagerty Insurance (agreed value of $100k and, say, $250k in liability coverage) because you never told them. IM(not so)HO, unless you really know what you're doing, you should have an independent insurance agent helping you place all your coverages. Then make sure you tell your agent everything and, if the ball gets dropped badly (which it probably won't), you go after them on their E&O coverage.