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#52
posted to rec.boats
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Umbrella policies being gutted by State Farm
"JimH" ask wrote in message ... "Gene Kearns" wrote in message ... On Wed, 18 Jul 2007 06:29:07 -0400, "JimH" ask wrote: Yes, agree completely. But the original poster's complaint was his belief that by excluding a friend who borrows his car as an "insured" under his umbrella policy, that somehow left the O.P exposed. The O.P is still covered when the inevitable lawsuit comes, his friend is not. So increasing the limits on his underlying policies is a complete waste of money as far as coverage on himself is concerned. BINGO! Give that man a ceegar! Ok..... then, is the friend covered by any sort of insurance that *he* purchased? -- Grady-White Gulfstream, out of Oak Island, NC. I will defer this for Calf Bill to answer based on his expertise in the area of personal insurance. Let's see what he has to say on this. ;-) crickets Hey Bill, we need an answer. ;-) |
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#53
posted to rec.boats
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Umbrella policies being gutted by State Farm
"JimH" ask wrote in message ... "JimH" ask wrote in message ... "Gene Kearns" wrote in message ... On Wed, 18 Jul 2007 06:29:07 -0400, "JimH" ask wrote: Yes, agree completely. But the original poster's complaint was his belief that by excluding a friend who borrows his car as an "insured" under his umbrella policy, that somehow left the O.P exposed. The O.P is still covered when the inevitable lawsuit comes, his friend is not. So increasing the limits on his underlying policies is a complete waste of money as far as coverage on himself is concerned. BINGO! Give that man a ceegar! Ok..... then, is the friend covered by any sort of insurance that *he* purchased? -- Grady-White Gulfstream, out of Oak Island, NC. I will defer this for Calf Bill to answer based on his expertise in the area of personal insurance. Let's see what he has to say on this. ;-) crickets Hey Bill, we need an answer. ;-) I gave my answer. Was the sh*t add a commercial you worked in? |
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#54
posted to rec.boats
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Umbrella policies being gutted by State Farm
"Calif Bill" wrote in message ink.net... "Don White" wrote in message ... "HK" wrote in message ... JimH wrote: "Gene Kearns" wrote in message ... On Wed, 18 Jul 2007 06:29:07 -0400, "JimH" ask wrote: Yes, agree completely. But the original poster's complaint was his belief that by excluding a friend who borrows his car as an "insured" under his umbrella policy, that somehow left the O.P exposed. The O.P is still covered when the inevitable lawsuit comes, his friend is not. So increasing the limits on his underlying policies is a complete waste of money as far as coverage on himself is concerned. BINGO! Give that man a ceegar! Ok..... then, is the friend covered by any sort of insurance that *he* purchased? -- Grady-White Gulfstream, out of Oak Island, NC. I will defer this for Calf Bill to answer based on his expertise in the area of personal insurance. Let's see what he has to say on this. ;-) Bilious Bill has a lot of claims, eh? I thought RG was our infamous insurance hawker. This is one of the few times he has an opportunity to add something of value to the discussion...rather than his usual outhouse overflow. Get your head out of Harry's ass. The OP was about not being covered by the umbrella policy if someone not in the family is driving the vehicle. Umbrella's cover you when all other insurance is exhausted. And if you are not covered by the Umbrella when an non relation drives, it is worthless insurance. It was never to cover the unrelated person, it was always to cover Yourself and family if something happens that exceeds the limits on your other policies. And most umbrella require at least a $500k policy on the car, boat, etc. JimH, this is what an umbrella policy is. And if it does not cover you (never covered the non-insured driver of your car) if an uninsured or underinsured person drives your car, and gets in an accident, your policy is worthless! Huh? Care to repeat that, this time in English Bill? |
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#55
posted to rec.boats
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Umbrella policies being gutted by State Farm
Calif Bill wrote:
"JimH" ask wrote in message ... "JimH" ask wrote in message ... "Gene Kearns" wrote in message ... On Wed, 18 Jul 2007 06:29:07 -0400, "JimH" ask wrote: Yes, agree completely. But the original poster's complaint was his belief that by excluding a friend who borrows his car as an "insured" under his umbrella policy, that somehow left the O.P exposed. The O.P is still covered when the inevitable lawsuit comes, his friend is not. So increasing the limits on his underlying policies is a complete waste of money as far as coverage on himself is concerned. BINGO! Give that man a ceegar! Ok..... then, is the friend covered by any sort of insurance that *he* purchased? -- Grady-White Gulfstream, out of Oak Island, NC. I will defer this for Calf Bill to answer based on his expertise in the area of personal insurance. Let's see what he has to say on this. ;-) crickets Hey Bill, we need an answer. ;-) I gave my answer. Was the sh*t add a commercial you worked in? You shouldn't post after you drink, Bilious. |
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#56
posted to rec.boats
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Umbrella policies being gutted by State Farm
"HK" wrote in message ... Calif Bill wrote: "JimH" ask wrote in message ... "JimH" ask wrote in message ... "Gene Kearns" wrote in message ... On Wed, 18 Jul 2007 06:29:07 -0400, "JimH" ask wrote: Yes, agree completely. But the original poster's complaint was his belief that by excluding a friend who borrows his car as an "insured" under his umbrella policy, that somehow left the O.P exposed. The O.P is still covered when the inevitable lawsuit comes, his friend is not. So increasing the limits on his underlying policies is a complete waste of money as far as coverage on himself is concerned. BINGO! Give that man a ceegar! Ok..... then, is the friend covered by any sort of insurance that *he* purchased? -- Grady-White Gulfstream, out of Oak Island, NC. I will defer this for Calf Bill to answer based on his expertise in the area of personal insurance. Let's see what he has to say on this. ;-) crickets Hey Bill, we need an answer. ;-) I gave my answer. Was the sh*t add a commercial you worked in? You shouldn't post after you drink, Bilious. Stop projecting your lifestyle on others. |
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#57
posted to rec.boats
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Umbrella policies being gutted by State Farm
nada wrote:
Dan wrote: nada wrote: HK wrote: 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. Many refuse to recognize it. The administration is about eliminating "unnecessary regulation, which is to say all regulation of big business. The credit card industry managed to gain all control and regulation of its dealings with customers and in the process anyone that has any "contract" with big business. They write unilateral contracts and have the power to change and enforce them. They reserve the right to use our judicial system to enforce them but virtually eliminate the citizen access to redress of our Laws and Courts. The food supply is no longer safe. Adulteration of our foods is now allowed to be labeled all natural and so and so on. Big business has gotten every thing on its dream list in the last several years including unregulated oil industry which operates as a cabal. Their definitional of free trade and elimination of unnecessary government etc is survival of the consumer and citizen in the jungle full of their predation. Caveat Emptor is more relevant today than anytime, in history. Our Republic is seriously wounded. Where do you get this crap? The Onion? You label anything offensive that does not conform to your apparent self interests. Either that or you don't care to look at the facts. I suggest you look at facts with reason and logic and not some allegiance, blind or otherwise. I suggest you go back to school and learn how to write in English. |
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