Umbrella Insurance?

Categories: Insurance

My paranoid friends tell me that if I own a house then anybody who can posibly sue me will try to sue on the sum which will include the price of the house. For example, my car insurance covers 100K. But my house costs 700K. If I will get into car accident the other side will try to get 800K from me. And this is why my paramoid friend has umbrella coverage for 1M. Is he too paranoid? Do you have this sort of excessive coverage? your thoughts?

By bobjohn | 05/11/2009 9:44 AM