He has to drive on rough terrain as a part of his job. His old job required a $1 million dollar policy on him and his vehicle. His new job does not require this, but he will still be driving in the mountains. Should I keep the policy?
2007-03-06 14:05:43 · 3 answers · asked by mel s 6 in Cars & Transportation ➔ Insurance & Registration
Need more info. Is he self-employed? If not, then the umbrella may not respond as this is an employer liability issue and not a personal issue.
Is he an independent contractor or self-employed? If yes, then it may be possible to purchase an umbrella policy but make sure it covers his work activities.
If the underlying insurance policies can be increase to $1mm then it's probably cheaper to go this route.
But usually the cost of an umbrella is cheap insurance and well worth the expense.
2007-03-06 14:18:16 · answer #1 · answered by phoenix_sfo 2 · 0⤊ 0⤋
The umbrella covers liability. If you have assets to protect from legal action, the umbrella makes sense. I would not leave home without it, but I have assets that could be taken in a lawsuit.
2007-03-06 14:09:09 · answer #2 · answered by united9198 7 · 0⤊ 0⤋
Umbrellas are cheap they can be bought at Walmart for like $7.00 I wouldn't insure my umbrella.
2007-03-06 14:15:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋