Comments on: Liability Umbrellas http://frugalbabe.com/2008/09/07/liability-umbrellas/ A rich life without a lot of money Thu, 29 Jul 2010 17:00:09 -0600 hourly 1 http://wordpress.org/?v=abc By: MITBeta @ Don't Feed The Alligators http://frugalbabe.com/2008/09/07/liability-umbrellas/comment-page-1/#comment-24886 MITBeta @ Don't Feed The Alligators Thu, 11 Sep 2008 18:41:36 +0000 http://frugalbabe.com/?p=548#comment-24886 I agree that $216 is reasonable. We pay about $250 for $1 million in coverage, and pay about double what you pay in auto and homeowner's insurance -- which is a market factor more than anything, I'm sure since we both have clear driving records and no history of problems with our homeowner's policy. I agree that $216 is reasonable. We pay about $250 for $1 million in coverage, and pay about double what you pay in auto and homeowner’s insurance — which is a market factor more than anything, I’m sure since we both have clear driving records and no history of problems with our homeowner’s policy.

]]> By: M3 http://frugalbabe.com/2008/09/07/liability-umbrellas/comment-page-1/#comment-24878 M3 Thu, 11 Sep 2008 02:06:40 +0000 http://frugalbabe.com/?p=548#comment-24878 We have an $1 million umbrella policy and it has provided tremendous piece of mind...I think we pay about $200/year... We have an $1 million umbrella policy and it has provided tremendous piece of mind…I think we pay about $200/year…

]]> By: One Frugal Girl http://frugalbabe.com/2008/09/07/liability-umbrellas/comment-page-1/#comment-24814 One Frugal Girl Tue, 09 Sep 2008 01:15:03 +0000 http://frugalbabe.com/?p=548#comment-24814 We pay roughly $200 a year for a $1 million dollar policy, so $216 is definitely reasonable. We pay roughly $200 a year for a $1 million dollar policy, so $216 is definitely reasonable.

]]> By: FrugalBabe http://frugalbabe.com/2008/09/07/liability-umbrellas/comment-page-1/#comment-24809 FrugalBabe Mon, 08 Sep 2008 18:51:09 +0000 http://frugalbabe.com/?p=548#comment-24809 Stefanie - Our homeowners policy is $546/year and we pay $62/month for our auto policy. So that total is for the house and both cars. But, our cars are 17 and 18 years old, so we just carry liability coverage on them. Another of the many perks of driving cars until they die :) Kacie - we're not planning to lower any of our existing limits. Our homeowners policy and auto policy both have $300,000 liability limits built in, so the umbrella policy would be in addition to that. Right now, I'm leaning towards just doing it - I'm feeling like $18/month is a good price for extra peace of mind. Stefanie – Our homeowners policy is $546/year and we pay $62/month for our auto policy. So that total is for the house and both cars. But, our cars are 17 and 18 years old, so we just carry liability coverage on them. Another of the many perks of driving cars until they die :)

Kacie – we’re not planning to lower any of our existing limits. Our homeowners policy and auto policy both have $300,000 liability limits built in, so the umbrella policy would be in addition to that. Right now, I’m leaning towards just doing it – I’m feeling like $18/month is a good price for extra peace of mind.

]]> By: Kacie http://frugalbabe.com/2008/09/07/liability-umbrellas/comment-page-1/#comment-24808 Kacie Mon, 08 Sep 2008 18:23:17 +0000 http://frugalbabe.com/?p=548#comment-24808 @ Stefanie, ouch! That's a pretty high premium. Maybe you live in a state where insurance is really expensive. Have you shopped around to get quotes from other companies in awhile? Do you have tickets or have you been in a wreck recently? For one car, I pay $366 every six months and I have full coverage from Geico. @FrugalBabe, if you were to add the umbrella policy, would you opt to lower your liability coverage in other categories, or use this as an additional bit of coverage? If you felt comfortable lowering your car and home liability limits and went for the umbrella policy, would it save you some money? I'm not too familiar with umbrella policies so I don't know if that would even work. @ Stefanie, ouch! That’s a pretty high premium. Maybe you live in a state where insurance is really expensive. Have you shopped around to get quotes from other companies in awhile? Do you have tickets or have you been in a wreck recently?

For one car, I pay $366 every six months and I have full coverage from Geico.

@FrugalBabe, if you were to add the umbrella policy, would you opt to lower your liability coverage in other categories, or use this as an additional bit of coverage?

If you felt comfortable lowering your car and home liability limits and went for the umbrella policy, would it save you some money?

I’m not too familiar with umbrella policies so I don’t know if that would even work.

]]> By: Stefanie http://frugalbabe.com/2008/09/07/liability-umbrellas/comment-page-1/#comment-24806 Stefanie Mon, 08 Sep 2008 16:56:18 +0000 http://frugalbabe.com/?p=548#comment-24806 I have no idea, but tell me I read this wrong... you pay $1297 a year for homeowners AND insurance on two cars? We pay just under that for JUST insurance on 2 cars... for only a 6 month policy! I have no idea, but tell me I read this wrong… you pay $1297 a year for homeowners AND insurance on two cars? We pay just under that for JUST insurance on 2 cars… for only a 6 month policy!

]]> By: chacha http://frugalbabe.com/2008/09/07/liability-umbrellas/comment-page-1/#comment-24805 chacha Mon, 08 Sep 2008 16:39:41 +0000 http://frugalbabe.com/?p=548#comment-24805 Actually, that sounds pretty reasonable. That's less than $20 a month... If it makes you feel more secure, I think it's worth it. I've been reading your blog for a while - I love all your green and frugal tips! Actually, that sounds pretty reasonable. That’s less than $20 a month… If it makes you feel more secure, I think it’s worth it.

I’ve been reading your blog for a while – I love all your green and frugal tips!

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