Quote:
Originally Posted by stomachmonkey
I have specific policies for oddball **** like Live Oak roots clogging the main sewer line so I'm not on the hook for tearing up the street to fix it. A big thank you to my neighbors who had to pay for the heads up on that one.
Then I have $2M umbrella that covers everything we could not think of to worry about cause sometimes you don't know what you are supposed to know until it's too late and you are left with a big bill while muttering "if only I'd known".
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Yes, both of which are forms of liability policies so you are not on the hook financially for damage caused by you or your property to someone else or their property.
The one covers your financial responsibility to the utility company should your tree damage their sewer line. The umbrella covers excess liability should the underlying policies not be sufficient coverage. Ensure all your underlying policies have the minimums required to trigger the umbrella.