Re: Insurance Coverage
Frank
I agree good dialogue.
The umbrella policy is a separate policy. Not part of the homeowners. Some carriers will not write more then 500,000 or 1,000,000 in liability. This is where the umbrella policy comes in. Let's face it, we live in a litigious society and people sue for as much as they can. All the unbrella does is increase the "base" limit on the liability end. I recommend anybody who owns a car and a house carry as much liability as you can reasonably afford. The last thing you should be doing is driving around with minimum liability limits. God forbid you kill a family in an auto or boating accident, I guarantee you can't have enough liability coverage.
As far as the many exposures faced by boat owners, no question you are better off with a marine policy to bring you back to whole after a sinking or other incident.
Hopefully between the two of us we have opened peoples eyes as to the importance of insurance
Merry Christmas
Happy Chanukah
And a healthy new year!
__________________
Captain Shrimpy
100 ton master captain
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