What is everyone paying on insurance?

[nookandcrannycar]

Originally Posted by Absolutely Red 12

You do know what happens if you're held liable for a collision, and your bare minimum ($5,000) insurance isn't enough to cover the other guys car damage?? Or your ($15,000) injury liability won't cover someones ER bill?
It comes out of your pocket.

I have an extra $1000,000.00 umbrella policy that costs $200 year to cover!!

But you have to (with every carrier I have ever had) bring the liability limit of the underlying policy up to a certain limit (the lowest I have ever seen is 300k and that was rare) before you can buy an umbrella policy and have it kick in.....so it wouldn't be 200.00 it would be 'his 200.00' (which might end up being a bit more or less than 'your 200.00') plus the cost to bring the limit up from the legal minimum he has now to the 'able to buy an umbrella policy minimum'.