I am confused by the "anything other than" comment at 3:54. Are you saying if you have a house (the one you reside in), you DO or do NOT need an umbrella policy? I sometimes have trouble deciphering sentences and need help with this one -- thanks. I do have an umbrella policy because I own the house I reside in, and I have a car. Wanting to make sure I really do need this policy since I'm low income and don't want to spend money needlessly. :)
@jennifersalazar20142 жыл бұрын
Yes!! Keep it! If you have equity in your home - umbrella coverage is a great way to protect your investment.
@danbutler77087 ай бұрын
One thing is hardly ever mentioned is, who pays the attorney fees, if you don't have the policy you will! If your policy is insufficient and not enough, you will pay all of the attorney fees from your pocket. The smart thing to do is get the policy by the policy and make sure that you deduct the policy on your taxes Understand that insurance is 100% tax deductible therefore who's really paying, the government gives you the right off so if you get it as 100% tax write-off who's paying, the government gives you credit for insurance
@Danny-fs1hk2 жыл бұрын
Thanks!!
@LifeHappens24 жыл бұрын
Good video. Thank you for sharing this important info
@eddierobles21373 жыл бұрын
Very good information. Thank you very much.
@RiskWell3 жыл бұрын
Quite welcome, Eddie! Glad you enjoyed it.
@ChapstickBoomtown3 жыл бұрын
Would you say that people who own boats would fall into the category of people who need an umbrella?
@RiskWell3 жыл бұрын
Not as much as the other categories, but yes it’s still a good idea!
@kev-othegamer3 жыл бұрын
Thank you.
@puduhari12 жыл бұрын
If 90% of my money is in home equity and retirement accounts, do I need an umbrella policy when I have a teenage driver at home.
@jennifersalazar20142 жыл бұрын
Yes!!
@swingman50 Жыл бұрын
Would putting all your assets in a trust protect them?
@bella3008 Жыл бұрын
Which insurance company do you recommend for purchasing umbrella insurance policy?
@pandar204010 ай бұрын
It would be the same company you use for home and auto
@AgentOffice3 жыл бұрын
☔
@cesarsanchez94832 жыл бұрын
Crap! I have investment properties in my personal name
@RiskWell2 жыл бұрын
Thankfully, it’s a relatively easy fix. Happy to make an attorney recommendation if you need one. You can visit www.riskwell.com if you need help with getting your insurance updated. Happy to help.