|
| To add 2,000,000 to my umbrella would be around $700 per year. It would put me at 7,000,000 total with Farm, Auto, Umbrella. Over 10 Million they would have to go to an outside underwriter but 10 million and under they can do in house. As far as an at fault accident on a big scale I am fortunate to not know anybody currently in that situation. I did ask my agent how often he has had to reach into an Umbrella policy to cover lawsuit situations and he said twice in 20 years he has been doing this. I don't think a guy needs to be crazy paranoid and carry a crazy amount of insurance. What one guy thinks is to much coverage another will think is not enough. It is just the way individuals view risk. But, I think I can budget an extra $700 to carry 2,000,000 more if I sleep better at night. | |
|
Farm semi llc question
