Category Archives: Umbrella Policy

What Coverage Do I Need For An Above Ground Swimming Pool?

abovegroundpoolDear Sherri, I have decided to take the plunge and install an above ground swimming pool. Do I need to contact my insurance company? – Sincerely, The Plunger

Dear Plunger, Did you NOT watch my Ask Sherri video about Homeowner’s policies and swimming pools? I almost drowned because of that video :). Anyway, the answer is yes, you should definitely call your agent. Installing a pool can bring up many questions, such as; do you need to fence the entire yard or just the pool? Is there a diving board? If so, some companies have special guidelines and recommendations. Some companies will require that you increase your personal liability limits to $1 million due to the increased risk. Also if you already have an umbrella policy, adding a pool can also affect that policy, since you might also have to increase your umbrella limit. These are just a few of the things that will need to be worked out so that you are properly covered.
This is why it is so important to communicate with your agent whenever you have an insurance question or concern. I’m a strong proponent of contacting your agent at least at renewal time to review your coverage, discuss any changes, and confirm you are getting all the coverage you need, such as flood, in-home business, or a personal articles floater just to name a few. I know you are busy, but you don’t want to find out about a missing coverage when you have a claim, so do it at renewal time! Good Luck, and don’t swallow too much water!

– Sherri

Do I Need To Increase My Umbrella Policy Limit Before My Son Get’s A Driver’s License?

umbrellapolicyDear Sherri, My son is going to apply for his driving permit this summer; do I need to increase the limit on my umbrella policy now or can I wait until he is licensed? – Already Worrying in LI

Dear Worrying in LI, Before you do ANYTHING with your insurance, call your doctor and get sedatives. Lots of sedatives! Now, about your umbrella policy, yes, you should increase your limit and you should do it as soon as possible. Too many parents wait until AFTER their teen gets a permit and then they find out it is too late to increase their policy as they desired. Keep in mind that once you have a youthful driver in the household some insurance companies will not allow you to increase your umbrella limit at all or will only allow you to increase your limit by one million. Therefore, after getting those sedatives, call your agent immediately and increase your umbrella limits before your teens get their permits.