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Well, the lease (a.k.a. Hammond & Hammond, the property mgmt co.) specifically requires liability coverage. Furthermore, they want the owner and themselves to be named on the policy. So, am I essentially purchasing insurance to cover them? That's the way it looks to me. Their requirement for a policy isn't so altruistic as to cover my losses--sounds like it's to cover their butts.
The lady at USAA was very nice, according to my wife. Says she's upped insurance to $100K before. And $300K is about the highest she's ever seen. She flat out says she's never seen a requirement for $500K of coverage. Nevertheless, bumping up that high would only run us $22 for the entire year, so not a huge deal. Said she can't really add other peoples' names (owners or property mgmt co) to the policy, though.
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1987 Venetian Blue (looks like grey) 930 Coupe
1990 Black 964 C2 Targa
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