The answers are, “An excess liability policy,” and “It depends.” Before we get into who needs one, let’s really outline what an umbrella policy is, what you need to have in order to get one and then who we advise have one.
?Several years ago, I rear ended a truck in stop and go traffic on I-35 in Dallas. It was my fault. Six years ago, I was rear ended by a truck and it was their fault. Usually the person who hits the person in front of them is at fault. Unless of course the person in front does something that would not be considered an intelligent move, like the guy who changed a tire in the middle of the road on a two lane highway! That was not the case last week!
?Is a town home a house, a condo or something else? Since we’re discussing it from an insurance standpoint (we’ll ignore the real estate perspective), town homes can be viewed as;
A single family home (yes, even if it’s connected on both sides to neighbors)
It can also be viewed as a condo
?The Thanksgiving meal is over and the shopping season is beginning. Are you going to join the throngs of shoppers and brave the malls to find the perfect gifts for family, friends and loved ones? If so, let’s consider a question and reminder that can make this holiday season more enjoyable and help reduce your likelihood of being victimized.
?Thanksgiving is quickly becoming a forgotten holiday sandwiched between Halloween and Christmas. Many people are rushing, trying to cram 5 days’ worth of business in two or three days. Some are trying to get out of town and others are stressing over re-creating the Norman Rockwell painting Thanksgiving. Thrown in the incessant creep of Black Friday coming earlier and earlier (now Thursday evening at Walmart) and it’s no wonder that Thanksgiving is getting short changed.
?Last Monday’s blog post was, “An introduction to flood insurance.” If you missed it, here’s the link for it http://50.87.248.161/~wiseinsu/an-introduction-to-flood-insurance/. It provides a good foundation of flood insurance. I thought I’d share some interesting tidbits of information I learned in writing that post as I always learn something in every blog I write!
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