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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (49765)	3/9/2006 7:28:32 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<Did the agent who discouraged you from getting an umbrella then also encourage you to raise the liability limits on every policy you have?>> No. No agent whatsoever discouraged me from buying an umbrella policy. The company would love to sell me one. Discussion of risk covered by such a policy, however, is done with someone other than an agent trying to earn a sales commission. (If you recall, my post mentioned talking with an underwriter, not an agent selling the insurance.) And no agent has actually ever tried to tell me to raise liability limits. I make those judgment calls myself and decide what to do, after the personal research and conversations with appropriate people have been completed. The simplest example might be the cancellation of collision coverage on an old car. Or raising the deductible on home insurance in order to obtain a lower rate. Actually, most of the decisions I make about insurance have more to do with cutting back on the crap (which the agents, especially life-insurance agents try to sell) and buying the types of insurance I might actually need some day (such as insuring my home for its full CURRENT value, or purchasing long-term care insurance, or updating health insurance to an optimum amount under whatever new policy guidelines and provisions are being issued at the time).