Personal Liability Insurance

[Teknav]

She should be able to get an Umbrella Policy, for having a car insurance; with the same issuer, of course.

Mauritz
Honorary Member of the Mutual Admiration Society!

[psneeld]

Originally Posted by Teknav

She should be able to get an Umbrella Policy, for having a car insurance; with the same issuer, of course.

Mauritz
Honorary Member of the Mutual Admiration Society!

Her umbrella would not attach it to a car policy...which I don't understand...

However...several people have stated that small agencies have access to writing it "on a person"...then the umbrella can be reobtained.

[Robwerks]

Look into getting a liability bond, say $100k or so

[Captain Bligh]

Originally Posted by psneeld

The problem is most insurance wants you to have a base policy...either home, yacht or renters...she only has a car as of now...

But let's say she's out walking hr dog...and some nitwit trips onver the leash or does something to make the dg bite him...what protection does she have? None...

There is personal property insurance for issues like this...but no luck finding a company that will do it with only an auto policy.

Well, no lawyer is going to take a case against someone who has no assets. It is a waste of time for the lawyer. Your girlfriend does not need insurance. Save the money.

[Captain Bligh]

Originally Posted by psneeld

What if she knocks a little old lady down in the supermarket with a shopping cart and the lady decides to sue he for medical damages. Nothing to do with your home yet an umbrella policy that piggybacks your homeowners will cover it...

So why can't you just get the liability insurance...pay a higher premium because there is no base you are working from to do the same?

Sounds like people have gotten these type policies...just haven't found the right company yet I guess.

I have had several responses, even from an insurance guy< who says it can be done.

In a case like that the old lady's lawyer sues the supermarket, not your girlfriend.
Is she accident prone or really unlucky or what?

[psneeld]

Originally Posted by Captain Bligh

Well, no lawyer is going to take a case against someone who has no assets. It is a waste of time for the lawyer. Your girlfriend does not need insurance. Save the money.

Really? Who says??? ...like me... maybe she has a couple mil in the bank?

Just cause you don't have a house or apartment...doesn't mean you don't have assets.....

[psneeld]

Originally Posted by Captain Bligh

In a case like that the old lady's lawyer sues the supermarket, not your girlfriend.
Is she accident prone or really unlucky or what?

Read my other post...life's more complicated than you think....

[SmartMove]

Originally Posted by psneeld

Girlfriend who lives aboard with me is interested in some personal liability insurance.... Her umbrella policy was cancelled when she sold her house and would like to be protected beyond just liability on her car. Anyone know of a company that provides it without owning property or renting?

I haven't read the other posts but we have an umbrella policy and car insurance without property insurance. However, we do have renters insurance to cover the stuff inside the boat that the marine insurance doesn't. Maybe that is how we are able to get it but I don't think so because that was an after thought.

Anyway we have Allstate Insurance.

[MBLittle]

Despise that arguing of minute semantics of a broad topic that is so prevalent on CF.

Seriously, it was a simple question directed at people who have experience.

WHO CARES WHY!?!? It's seriously not the concern of any of you.

All you boring armchair losers do is distract from the intent of the OP and bring down the 'QUALITY' of CF, it's resources and it's community.

Seems like nothing but a bunch of old farts with nothing better to do. "Get off my lawn dang youngins"

Get a life people. Either help OPs or don't reply.

[Captain Bligh]

psneld, i apologize, i did not take that scenario into account. I am not sure what state you are in, but i do have a creative insurance broker here in CA that has helped me with unusual insurance requests. i can pm you his number if you want, but im sure he only works in CA. good luck.

[Group9]

Originally Posted by Teknav

Yes, you must have a primary insurance coverage of sort in order for you to get an Umbrella policy. It all boils down to having an insurable interest that needs protection; no tickee, no washee! Capice?

Mauritz
Knows all and sees all...

How come your salary wouldn't be the insurable interest you don't want to see garnished?

I know you can get specific personal liability policies. I used to have one at work for if I got sued, that was not attached to any property.

[rw58ph]

First she has to have something that is worth suing for. If she has no personal value/wealth, its doubtful someone is going to pay to sue her. We looked at additional personal liability insurance. Being our driving records is not that great we were declined. So we opened an irrevocable and revocable trust and transfer most of our stuff into the trusts. So now on paper we are homeless and broke. So if somebody wants to sue us good luck.

Anyway, if she does not have any value, there is nothing to sue for, so why does she want insruance?

[Boatguy30]

This is a good topic, but it would seem to me not much insurance would be sold if your loophole worked.

Perhaps they would just garnish any distributions you took from your trust so it would basically be off limits or anyone. I'm no lawyer, but would be interested to know more.

[Teknav]

The devil is in the details...Make sure your name is misspelled on anything you own, by a letter or two! For example, let's say your name is Normann Fruitcake...let the official records show a typo...Norman Fruiticake. This will drive search computers like crazy; basically, your properties under your real name do not exist. That's all folks!

The Ritz
Taking the Fifth! <hic>

[Scott Berg]

The issue of insurable interest doesn't apply to liability insurance...

It is underwritten on quantifiable risk and provable assets

Many companies will issue it along with a renters' policy and you can get a renters' policy on a storage unit

The umbrella policies will extend underlying coverage but not cover areas not covered by primary insurance until the deductible is met, in my case 500k

Also, if she were a part owner of the boat some companies will write personal liability coverage on a yacht (quartermaster, jack line, etc) and that can be extended by an umbrella...

Did this for a living for a long time... Don't miss it but do understand it.

Scott