What about going with lower coverage but getting an umbrella policy that is

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Mar 25, 2025
7:58:32pm

maYbe Contributor

What about going with lower coverage but getting an umbrella policy that is

cheaper than auto insurance?

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maYbe

Bio page: maYbe
Joined: Oct 3, 2023
Last login: Mar 29, 2025
Total posts: 994 (1 FO)

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Messages

Author

Time

What auto insurance coverage limits should I have? Bodily injury per person,

maYbe

Mar 25, 7:20pm

Tell me about your assets and income

Tare

Mar 25, 7:21pm

College kids can risk lower coverage than doctor who owns home outright.

Ycrazy

Mar 25, 7:25pm

As long as future earning potential is included as an asset, this line of thinking can work.

HTCougar

Mar 25, 7:41pm

Limits should be as high as you can afford. The lower limits leave you open to

Ycrazy

Mar 25, 7:24pm

What about going with lower coverage but getting an umbrella policy that is

maYbe

Mar 25, 7:58pm

Umbrella policies typically require maxing base coverages.

Acorn

Mar 25, 8:18pm

Acorn is right most umbrella require 250/500 limits on autos. But if you have

Ycrazy

Mar 25, 8:32pm

The first question plaintiff attorney will ask is this: What are the limits of

The Old Y

Mar 25, 9:14pm

Buying an umbrella is wise for everyone - wealthy or not. Further, one's insurance limits are not admissible....

HTCougar

Mar 25, 10:28pm

scaring some kid into the idea that he can keep his wages from being garnished

The Old Y

Mar 26, 7:41am

Scarying some kid?

HTCougar

Mar 26, 9:41am

Sure. Telling him his wages will be garnished for the rest of his life if he

The Old Y

Mar 26, 12:38pm

Sounds like you're an expert because of one situation that sounds like it worked in your favor. Gambling works!

HTCougar

Mar 26, 12:59pm

Sounds like you sell insurance for a living. You have, what, 100M umbrella?

The Old Y

Mar 26, 2:44pm

I do sell insurance for a living and we see when things go wrong. You may not

Ycrazy

Mar 26, 2:46pm

Haha. Of course you do. You'll never be able to see it for what it is. ✌️

The Old Y

Mar 26, 2:47pm

There isn’t bankruptcy relief from that? Not sure I believe the threat of

Acorn

Mar 26, 11:03am

Bankruptcy is definitely an option that puts everyone involved in a worse situation.

HTCougar

Mar 26, 12:30pm

LOL. Worse than a lifetime wage garnishment? Would never happen.

Acorn

Mar 26, 4:45pm

Disagree with your first paragraph. Not true in my experience.

Acorn

Mar 26, 11:09am

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