For example, Ronald Moore, a former senior product manager for MetLife Auto and Home Insurance, describes a scenario where a balcony collapses at a dinner party, severely injuring several people. While $1 million may seem like a lot of coverage, liability totals can add up fast. "The amount of coverage depends more on your personal comfort level and where you are in life." "The important thing to realize is that you don't need $1 million in assets to need that much coverage," says Schaum. Umbrella insurance policies usually start at $1 million in coverage, but insurance companies offer these policies in increments up to $5 million and sometimes even $100 million.īen Schaum, an underwriting process manager for Progressive Insurance, says that a large majority of people who purchase umbrella insurance opt for $1 million in coverage.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |