"HK" wrote in message
...
Hamish wrote:
I am in California. I just got the renewal bill for my personal umbrella
policy, and the "Important Notice" brochure that always comes with it
said, "The definition of insured is revised so that a person or
organization using an insured's auto, RV or watercraft is no longer
covered." So, when I let a valet park my car, he's not covered. If I
loan my car to a friend, relative, or neighbor, they're not covered. If
my ski boat was running - it isn't right now - and I let a friend drive
it to tow me, he's not covered. (Yes, I know that my "underlying" car
insurance covers them up to the limits of that policy, but those limits
are only enough to pay for a stubbed toe.)

I called my agent and she was totally unaware of the change, and asked me
to fax her a copy of the brochure. Then, once she called the
underwriters, she still seemed unconcerned. She was happy to quote me
the increase in premiums to bring each of my car polcies up to the same
limits that were formerly covered by the Umbrella. An additional $206
per year. I will pay the money, because I own a home and it is vital
that I remain insured up to a high limit.

I have taken the trouble to write this post because I think that a lot of
other people will fail to read the "Important Notice" (the brochure is 17
pages long), will simply write the check like they do every other year,
and will end up with a big gap in their coverage. And their insurance
agent won't take the trouble to call them or write them a personal letter
telling about the big gap that just opened up in their coverage. So,
look out! And warn your friends.

Ham


Not to worry; it's just part of corporate America's full screw the
individual plan, brought to you and helped along by the Bush
Administration, which doesn't really truly believe in any sort of
regulation, except on civil liberties.


OMG. You continue to amaze me.