19 Search Results for umbrella.

June 3, 2012 at 11:17 pm

Buy a $1,000,000 Umbrella!

...e paraplegic?” a. First, those claims are very rare. Do NOT text while driving! b. When a plaintiff can settle for $1.5 million, faced with the threat that you will file bankruptcy, they almost always will take it and count their blessings. A good lawyer can distribute and preserve that settlement in a way to maximize the benefit of the injured person. c. So, get a personal umbrella, and if you are the guy with a net worth ever $3,000,000,...

January 24, 2018 at 9:43 pm

A Personal Injury Glossery: Negligence, Insurance, and the Rest

...aims are over $50,000, a court will have to determine the apportionment unless the parties can agree. Other coverages can be $100,000-$300,000, $200,000-$600,000, or even higher if you have a “personal umbrella”. 6. Personal Umbrella: Think of “umbrella insurance coverage” as coverage that hovers over your other coverages in order to provide an extra level of protection. A condition of coverage is for you to carry robust limits in your...

September 17, 2010 at 8:29 pm

Various Insurance Coverages – Limiting the Loss

...Y IMPORTANT. BE SURE YOU HAVE IN WRITING THAT THE $1,OOO,OOO UMBRELLA INCLUDES YOUR UIM AND UM COVERAGES, OR YOU COULD BE HIT BY AN UNINSURED OR UNDERINSURED DRIVER AND LOSE YOUR HOUSE, BUSINESS, RETIREMENT, EVERYTHING. SOME UMBRELLA! This almost happened to some friends. Their agent talked them into an umbrella but failed to offer them the UM and UIM. Fortunately, WV law required them to do so, so the coverage was obtained. Don’t count on...

July 31, 2011 at 3:37 pm

Dear Personal Injury Client: Points to Remember

...ninsured Motorist coverage (U.M.). 2. Underinsured Motorist coverage (U.I.M.) 3. A “personal umbrella”, usually at least $1,000,000, which hovers over all of your other coverages. (Note with this; you can have an umbrella with holes! I actually had a case where the agent wrote to his clients to talk them into getting an umbrella, convinced them, but failed to provide them U.I.M.! It turns out that in WV he HAD to, so they got the...

March 15, 2014 at 1:50 pm

FAQ

...;. Underinsurance and uninsurance are purchased so you can file a claim against your own insurer if the person who “injures” you did not have enough insurance, or had no liability insurance, and a “personal umbrella” can provide you liability and underinsurance coverage over and above all other insurance, typically for a million dollars or more! When you purchase an “umbrella”, you must carefully review, and...

April 28, 2015 at 12:30 pm

WHAT YOU DO NOT KNOW (ABOUT INSURANCE AND SOCIAL SECURITY) CAN HURT YOU!

...coverage at least over and above your other policies. AND, it is critical, with so many drivers having little if any personal injury liability coverage, that your UNINSURED COVERAGE and UNDERINSURED coverage be part of that umbrella. http://hunterlawfirm.net/buy-a-1000000-umbrella/. Here’s an example. You are hit head on by someone with $20,000 per person and $40,000 per occurrence. You and your spouse are hospitalized for a month, and...

March 29, 2010 at 8:30 pm

West Virginia Auto Insurance Coverages

...the “made whole doctrine”, often you can compromise such claims. That is where a good lawyer comes in handy! 6. Personal and Commercial Umbrella’s: You can get much larger coverages which serve as an “umbrella” over your other coverages. To qualify, you must meet your carrier’s “minimum coverage requirements” for your various policies. Once you do that, you easily have $1,000,000 of liability,...

September 24, 2015 at 5:43 pm

Suggestions for Operating and Marketing A Small Firm Efficiently and on a Budget

...ncial ruin and filling a critical gap in your insurances. This one I got from my friend and expert Vince King, whose memorandum and research helped me find $ 1.2 millon in UIM coverage. http://hunterlawfirm.net/buy-a-1000000-umbrella/ Regarding gaps in coverages. Do not learn too late that your liability claim from your devastating car wreck is not covered under your underinsured, UIM, coverage! It is stunning to think there are lawyers in WV...

January 22, 2016 at 10:20 pm

An Article to Bookmark: Until Your World Comes Crashing Down

...ps never will be. Please refer to two of my blog articles for information on insurances and how to protect yourself from ruin. http://hunterlawfirm.net/various-insurance-coverages/; and http://hunterlawfirm.net/buy-a-1000000-umbrella/ So, it was a bad one and now you do not know what to do. You or your spouse is in the hospital. If he is a worker, his paycheck may stop. If a small business person, who will make or sell your product, or pay your...

March 6, 2013 at 1:26 pm

Fundamental Precautions – Before and After Your Serious Collision

...rement, and maybe that beloved spouse. Talk about “picking up the pieces”. There are hardly any pieces. I refer you to my earlier blog posts. Search for “insurance” or “coverage” or “umbrella”. The solution? Up your UM and UIM coverage, and if you can afford an “extra $200”, bet a personal umbrella but MAKE SURE the agent offers you UM and UIM coverage. In at least one extreme case, the...