Talk of The Villages Florida - View Single Post - Help with motorcycle insurance
Thread: Help with motorcycle insurance
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Old 05-22-2013, 11:10 AM
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Yucatan2 Yucatan2 is offline
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Default Umbrella
Quote:
Originally Posted by bimmertl View Post
Most people have enough assets to need an umbrella policy. That policy typically provides $1 million in excess liability coverage. In addition, it can provide both uninsured (UM) and underinsured (UIM) coverage in the same amount. With the umbrella policy, there really isn't a need to buy stacking underlying coverage on your auto and motorcycles. So consider pricing an umbrella policy with UM/UIM coverage and get rid of the stacking coverage on the cars.
I'm doing some research on your suggestion. I get the impression that umbrella insurance protects YOU if someone is injured by YOU, or they are injured on YOUR property. Can you show me a link to information that would help me understand how umbrella insurance would cover excess injuries to me if injured by an un/underinsured person?

I am working with my agent now to see, if I have "stacked" insurance on the auto, if I need the uninsured portion on the motorcycles. I'll report back when I get the answer.