Umbrella" Policy(was Insurance)

[blank]

Bob,

PMFJI, but an "umbrella"(more properly known as Personal Excess Liability or
PEL policy) is usually a separate policy that covers personal liability
only(note the "personal" - any "commercial" or business activities will
likely be excluded) excess of any other personal liability coverage(auto,
homeowners, marine and sometimes even aircraft
> I assume your umbrella is with your homeowners insurance.
> Are you able to separate out one vehicle (the GMC) and
> still keep the umbrella and other vehicles with the
> homeowners?

 

[blank]

Dave,

I realize your tongue is firmly planted in cheek here, but for those in the
group that might be "humor-impaired", it's difficult to give absolute
answers when you have none of the details. Insurance, just like Law, varies
by the jurisdiction and the circumstances.

Criminy, did I just compare myself to a lawyer?

Patrick

>
> Spoken like a true insurance expert. Never, say Yes or No, when a
> thousand words will do the job more accurately! VBG!
> David Lee Greenberg
> GMC Motorhome Registry
> Dedicated to the preservation of the Classic GMC
> http://www.gmcss.com/registry.htm
>

 

[david l greenberg]

On Thu, 6 Apr 2000 07:19:04 -0500
writes:
> Bob,
>
> PMFJI, but an "umbrella"(more properly known as Personal Excess
> Liability or PEL policy) is usually a separate policy that covers
personal
> liability only(note the "personal" - any "commercial" or business
activities
> will likely be excluded) excess of any other personal liability
> coverage(auto, homeowners, marine and sometimes even aircraft to be sure tho'). The only restriction is usually that a minimum
> "underlying" limit be maintained on the primary policies($500,000 is
common, but
> it varies from one insurer to the next). The PEL policy can be
> purchased from any carrier, but usually people purchase from either
their
> homeowners or auto insurer as the premium is so small that many
insurers don't
> want to issue a PEL by itself. Plus, having it with only one carrier
does
> simplify the claim process a bit.
>
> HTH,
> Patrick
>

Spoken like a true insurance expert. Never, say Yes or No, when a
thousand words will do the job more accurately! VBG!
David Lee Greenberg
GMC Motorhome Registry
Dedicated to the preservation of the Classic GMC
http://www.gmcss.com/registry.htm