Homeowners insurance personal liability

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Puffy Lux

Hi all, I am trying to determine what type of coverage I need for personal liability under my homeowner's insurance. My question is what types of items does it cover? Would it cover bodily injury/property damage caused in a car accident? I'm trying to determine if I also need to increase my auto insurance coverage now that I'm buying house. Can someone even come after the house since it's not owned outright?

Thanks!

submitted by /u/koneillp
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Adding a business to my liability policy?

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Puffy Lux

So I’m getting ready to vend at an event, and the event center is asking to be added to my business liability policy? Is this normal? I’ve vended dozens of different events, and no one has ever asked to be added to my policy. Wouldn’t they have their own policy? It’s just weirding me out a bit. Any insight would be helpful. Thanks!

Puffy Lux

submitted by /u/thenotoriousallykate
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Is IT person open to enough liability that they need umbrella policy

Puffy Lux
Better water better life

I have a full time IT job but in the evenings I do some IT work for companies. On the work I do for these other companies I do predominantly email hosting, etc. in the event that technology goes down, which is common, I’m curious to know if I’m at risk of being sued for lost productivity or lost profits due to technology down time. I have enough assets that it concerns me about being sued. Do I need insurance to protect myself? If so, would an umbrella policy cover me adequately?

Roses

submitted by /u/dirtbikedude705
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How Much Umbrella Liability Insurance Should You Carry

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Puffy Lux

How does personal umbrella liability insurance work (or any liability such as auto and homeowners). If you had say $100K in assets, and $100K in liability coverage, and you had an actual liability judgement against you of say $200K… what would happen. To protect the $100K of assets do you need liability coverage of $100K or did you need $200K of liability coverage in this case.

The point is when buying umbrella insurance or any liability coverage such as auto… do you need to buy for the amount of assets you have… or do you need to buy $5M or $10M which is a reasonable upper bound on most losses — but still accept your not protected against larger losses.

This is cross post from /r/legal. There is a discussion in /r/personalfinance here that brought this up: https://www.reddit.com/r/personalfinance/comments/cpyxmd/how_do_you_gauge_the_appropriate_auto_insurance/.

submitted by /u/saltyhasp
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Passenger, no-fault state, both companies denying liability

Better water better life
Puffy Lux

Hi all-

Puffy Lux

I am in Florida. In December, I was involved in a car accident. My friend was driving when we took a left turn and an oncoming car hit the passenger side door directly. I was in that seat. The injuries were minimal but I still had to go to the emergency room for x rays, pain meds, bandages… and we all know how expensive that can get! Lol. It's been months and I recently received a bill from the hospital saying that after insurance adjustments, I still owe money. I called BOTH drivers' insurance companies before calling mine. My friend's insurance company said to call the other driver's. The other driver's said that there was a dispute between both companies and that I should contact my insurance. My claims adjuster told me that what I was told didn't really make sense, because Florida is a no-fault state, and someone should be paying the other 20% of my bill! He called the other companies and got back with me, saying that he was shocked with the situation. The dispute ended with the arbitrator deciding that NEITHER driver was at fault, so now I am stuck with outstanding medical bills and no company coming forward to cover it. I feel that it is extremely unfair as an innocent party in the matter to have to cover my own bills at this point, but I do not know much about insurance to know whether this is a normal thing. My claims adjuster did not like it at all and said that I might want to look into demand letters. He said it seems fair that both would pay 50%, if they cannot decide who is at fault.

Can I get opinions from others?

submitted by /u/faewyn01
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My company has been denied general liability insurance from over 50 carriers. This is literally impossible.

Puffy Lux
Better water better life

I own a makerspace (community workshop) in NYS / NYC. We have operated for 2 years and have not even got a single reasonable quote. We offer:

-Community workshops with tools such as: lasercutter, CNC, 3D printer, hand tools, band saws.

-Classes for adults on these tools.

-Childrens classes on 3-D printing, laser cutting NO handtools or power tools

-We consult and do product design for people

-Our employees are trained by us and use the tools

-We help people complete their projects as needed

I am beside myself and so angry. The last insurance agent gave us this premium: It was $9,000 for every $20,000 of income. Its just not possible..

She mentioned 3D printing got us denied multiple times, it had "a lot of risk."

I am a tech teacher in a school with the same tools. CNC / Manufacturing companies get insurance dont they? 3D printer manufactures?

NYS is possibly going to fine us for NOT have insruance for employees because we cant get unemployment insurance because we CANT get general liability. This is single handedly the thing I have spent my most time on in the entire inception of this fucking company.

We went from 0 in income to potentially 50-80K this year. Can ANYONE help, im at the end of my rope.

submitted by /u/thanksfortheride
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Is it legal to refuse to provide a liability decision?

Puffy Lux
Better water better life

Just had a not so pleasant conversation with a claimant carrier adjuster. I had been calling him for the last week to obtain a liability decision so I can finalize my claim. I finally got in contact with him, and he yelled at me for “hounding him,” then refused to provide me with their company’s liability decision. He wouldn’t even tell me if it was pending. This is my first time running into something like this and I’m wondering if it’s even legal. Don’t carriers have to disclose their decision or at least let you know if it’s pending?

Wiper Blades USA

submitted by /u/cetacedm
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Public Liability Insurance for a European company to work in Japan

Better water better life
Puffy Lux

Hello!

My contract states that my company has to have public liability insurance while working in Japan. However, I am a bit confused. All of the quotes I've been sent have not asked about where my company will be working at the time, does this mean that the insurance is international? If not, where can I find an insurance provider who will give me a quote on working in Japan? Thanks in advance!

submitted by /u/tobuke
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Driver nearly merged into me. Liability question

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Puffy Lux

The driver was 100% going to hit me merging in off an entrance ramp. I quickly swerved to the left lane without checking my blind spot. I avoided the accident but after I thought had I hit a car swerving out of the way it would have been my liability. So should this happen again I should just let the guy hit me? That seems like a screwed answer. What does the insurance community think

Wiper Blades USA

submitted by /u/TheGreatFadoodler
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[Texas] Filing a liability claim and now insurance is trying to tell me that its a total loss claim but refusing to give me some information

Puffy Lux
Better water better life

So back in the beginning of last month I had a fender bender. Some lady changed lanes, didn't check her blind spot, and side-swiped me. Low impact collision and the only damage appears to be to the body. Clearly her fault (I have her on recording saying she didn't see me and how sorry she was), local PD issued a citation right there, and insurance accepted liability within the hour.

Anyway, my car isn't worth very much and I know that. The insurance company is telling me that he ACV of my car with all taxes, fees, etc. is about 3500 and that the salvage value is 350. I think its a bit higher but that's not the point of this post.

Now, I've had two estimates done. The first one, the insurance company sent a guy to my door to look it over. His estimate came back at about $2000. I then took it to the insurance's preferred repair shop and they came back with an estimate of about $2200, so that seemed to triangulate pretty well. A few days later I get a call from the insurance company stating that they were going to total it.

I protested this and pointed out that I'm in Texas which has a 100% TLT. They countered by saying that the preferred company, in addition to the estimate for 2200, has also passed along information indicating that another 500-700 of repairs might be needed. I asked where this documentation is and they said the repair shop wouldn't provide anything in writing (even though they provided the estimate in writing – WTF?). I pointed out that this still doesn't get them to the 100% TLT but they said something I've never heard: that while the 100% TLT applies to structural losses, they still refuse to fix a vehicle where the repairs exceed 75% of the ACV and are deeming it a "financial loss"

I called the repair shop and spoke to the gentleman who actually wrote the repair and he said he has no idea what they're talking about – that he wrote the estimate as accurately as he could, that there's no phantom $500-$700 in additional repairs floating around and that his opinion was that its all just body and cosmetic damage – no real structural damage to speak of (and, to be clear, I agree with that assessment due to the literal 4 mph impact speed and because I jacked up my car afterwards and looked at it for a good long while and didn't see anything out of the ordinary, took it on a good test drive, and everything checked out)

The fact that this additional $500-$700 has apparently materialized out of thin air, can't be verified in writing, and is just about the magical amount of money needed to get the car from "repairable" to "totaled" makes me think that something's screwy but of course I don't have a lot of experience with this and can't make heads or tales of it.

My own preference is that my car just get fixed which leaves me with a good car, and costs them about $1000 less – so I'm baffled why what appears to be the simplest, most straightforward, lowest cost option, is so problematic

submitted by /u/the_shootist
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