...ount their blessings. A good lawyer can distribute and preserve that settlement in a way to maximize the benefit of the injured person. c. So, get a personal umbrella, and if you are the guy with a net worth ever $3,000,000, buy a bigger umbrella!...
...00-$600,000, or even higher if you have a “personal umbrella”. 6. Personal Umbrella: Think of “umbrella insurance coverage” as coverage that hovers over your other coverages in order to provide an extra level of protection. A condition of coverage is for you to carry robust limits in your underlying (auto, homeowners’) policies. In return, you can have an additional coverage of $1,000,000 or more. It is a great bargain for persons with assets to p...
...INSURED DRIVER AND LOSE YOUR HOUSE, BUSINESS, RETIREMENT, EVERYTHING. SOME UMBRELLA! This almost happened to some friends. Their agent talked them into an umbrella but failed to offer them the UM and UIM. Fortunately, WV law required them to do so, so the coverage was obtained. Don’t count on being so fortunate! Get the coverage IN WRITING. Write me via “comments” below or to hunterjb@3wlogic.net with any questions. If I don’t know the answer, I c...
...hovers over all of your other coverages. (Note with this; you can have an umbrella with holes! I actually had a case where the agent wrote to his clients to talk them into getting an umbrella, convinced them, but failed to provide them U.I.M.! It turns out that in WV he HAD to, so they got the coverage, but YOU cannot risk having that good fortune. 6. Of course, most of you are reading this AFTER your collision, so we will do the very best for yo...
...not have enough insurance, or had no liability insurance, and a “personal umbrella” can provide you liability and underinsurance coverage over and above all other insurance, typically for a million dollars or more! When you purchase an “umbrella”, you must carefully review, and often upgrade, all of your underlying coverages. Without proper coverage limits, you might lose the coverage you thought you had. Sometimes it is your insurance company’s...
...ge, that your UNINSURED COVERAGE and UNDERINSURED coverage be part of that umbrella. https://hunterlawfirm.net/buy-a-1000000-umbrella/. Here’s an example. You are hit head on by someone with $20,000 per person and $40,000 per occurrence. You and your spouse are hospitalized for a month, and one of you needs major surgery. Your small business or professional practice is ready to go under, and that “disability plan” you bought isn’t going to be enou...
...ommercial Umbrella’s: You can get much larger coverages which serve as an “umbrella” over your other coverages. To qualify, you must meet your carrier’s “minimum coverage requirements” for your various policies. Once you do that, you easily have $1,000,000 of liability, U.I.M and U.M. coverage, or more. In one recent case of mine, that coverage made the difference between financial recovery and financial ruin for my clients, small business owners....
...plenty of insurance, malpractice, commercial, auto, home, medical, and an umbrella. Why an umbrella when you are just starting out? What if the guy who injures you has little or no insurance? You may be in a hospital for months, or, worse, at home with no insurance, for months. There is no guarantee a lawyer cannot become homeless. d. Find a local lawyer who has great paper forms and system and “borrow” his. Ask, and you shall receive. Divorce in...
...Have you heard “Mayhem” explain to you the benefits of owning “a personal umbrella”? Of course not! He literally could not care less. He just wants to hook you. Does USAA’s retired general say anything except inane “general”ities? Of course not! He’s there to sell insurance, not to explain insurance. He’s USAA’s cheerleader, not its teacher. You should see what I see as the lawyer of an innocent passenger or driver. His or her life is turned upsi...
