Various Insurance Coverages – Limiting the Loss
...can assert as if the other guy carried that much liability insurance! Your company stands in his shoes instead of or in addition to his coverage. 7. Personal Umbrella: This is fascinating coverage, at least when you need it! Let’s say you have your house paid for, a few hundred thousand in your I.R.A., $50,000 or so in savings in investments, and vehicles worth $50,000 – $100,000. You have too much to go bankrupt, so maybe it is time for an “Umbre...