Umbrella Insurance Explained: What It Is, What It Covers, and Who Needs It
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- เผยแพร่เมื่อ 7 ม.ค. 2020
- What is umbrella insurance and how does it work? What does umbrella insurance cover? Do I need umbrella insurance? These are all great questions that I answer for you in this video.
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I like how the examples are completely random scenarios. 👌🏼 well explained
Great video Logan. You laid out information that was succinct and provided a practical view through your examples. Much appreciated!
You're welcome, Steven! I'm glad these older videos of mine are still being seen and adding value.
Great info; thanks for taking the time to make a vid!
That entire example had me at hello. I’m getting this
Thank you, very helpful.
Where or who would I go to in order to get umbrella iins.
If I do side work for someone as a sole practitioner and they say that what I did burned down their house, would this insurance cover me?
What if I co-own property such as, rentals, recreational vehicles, land. Am I still eligible and do I also have to include co-own property?
Good info. Thank you.
You're welcome!
Great laydown of the issue. Thanks!
Thanks!
You’re welcome!
I love it Logan. Any particular company you will recommend for umbrella insurance? Thanks
RLI
@@alinatamashevich3354 why rli?
@@samgrieg2542 Excellent rating, can get them added onto existing policies. LOW cost! I have them, very satisfied.
Would an umbrella policy protect my home if sued as a result of a friend's action as driver of a leased vehicle? I am the lessee, she is the co-lessee.
thank you
You're welcome.
Does Umbrella Insurance have a deductible?
Unless I'm misunderstand this, getting umbrella insurance to match your net worth still doesn't ensure your assets with be fully protected. Say a person has a net worth of $2 million and they get coverage for that amount. If you get hit and lose a lawsuit for, say, $4 million, the insurance company will cover that first $2 million. You'll then be on the hook for the other $2 million. Am I missing anything?
Yeah, but what would cause someone to be liable for freaking $4 million?
@@hypocritekiller4900 lying about sandy hook? 🤷
Can umbrella insurance covers the LawSuits that are older than the Umbrella policy purchase date ?
Nope
N-O....NO! 🤦🏽♀️
Idk why your video sounds i can hear just from my right earbud piece not from both
Will umbrella insurance protect landlords against discrimination lawsuits by applicants?
No response unfortunately 😢😅
You lost all credibility with me when you said "spank that like button".