Are umbrella policies only for the rich!

SvenpDelacruz

My daughter Stella is 16 and my son John is 13. I'm presently considering an umbrella policy for them. I've recently come to know from my friends that they have also opted for an umbrella policy for their teenage children. Now all I wanna know is whether these umbrella policies are really worthy of our lives! Or is it worthy of just the elite or the rich? rgrds, SvenpDelacruz

fatman · Posted: Thu Nov 30, 2006 8:04 am Post subject: Its worthy!

hi!
If you ever get to commit any personal damage to any person or property belonging to any other person you might be held responsible for it . Under such circumstances, you might get the benefit out of an umbrella policy. Also it would hold good when you're sued or being asked to pay more towards your homeowner's or auto policies.
thanks, fatman

sasha · Posted: Thu Nov 30, 2006 9:11 am Post subject: Be careful!

Man its usual for you to consider an umbrella policy as you're telling me that you're on the verge of becoming a parent to teenagers. You can always be at risk for your kid's behavior. Be careful lest your kids may jus cause others to get injured or injure others, for which you may be held accountable. The choice is yours! Sasha T.

Are umbrella policies only for the rich!

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