How Does An Umbrella Policy Work And How Much Does It Cost? We’ve talked about all the different types of auto insurance. I’d like to now talk about whether you should get an umbrella policy given this was the most brought up next step in the comments section. An umbrella policy is also known as a personal liability insurance. When you’ve spent a lifetime building assets for your retirement, the last thing you want is to get sued for all your’re worth. Accidents happen all the time and the more you are worth, the more the injured person will go after you. If someone in a $1. Porsche 9. 11 Turbo GTS runs you over after running a red light, you’re probably more inclined to hire a lawyer and sue for big bucks than if you were run over by a 1. Honda Civic! Auto insurance policies only cover so much. My auto insurance policy has a maximum $5. I could get more liability, but the increase in premiums would make my insurance less worthwhile. My car is only worth about $5,0. Because I have assets over $5. I elected to get an umbrella policy to cover the rest of my net worth. The chances of getting sued for over $5. I’ve got to be found negligent in the accident, 2) I’ve got to create massive damage in the accident, 3) The victim needs to go through the process of suing, 4) The victim needs to win, 5) Cases are usually settled out of court for less, 6) I drive half the national average, 7) I’m a pretty careful driver with a slow car, and 8) I’m a nice guy! Unfortunately, even nice guys get unlucky sometimes. If I do get sued for say $1 million, I’m safe because my auto insurance coverage will kick in to pay the umbrella policy deductible, and then my umbrella policy covers me for the rest. The picture above illustrates the point clearly. The only out of pocket expense I incur will be my auto insurance deductible of $1,0. SCENARIOS WHERE AN UMBRELLA POLICY MAKES SENSE1) You drive a fast car and have a net worth of $1 million dollars. You enjoy hitting the bars and clubs every weekend in your $7. BMW M3. Your hobbies include snowboarding, rock climbing, sky diving, and poker. How Much Do Architects Charge? Most homeowners report spending between $2,073 and $8,080 when they hire an architect. An architect is an asset to any project. Effective September 1, 2013, the Texas Concealed Handgun License Class is a Four Hour Class, not including RANGE TIME. The cost of the class is $60. Information on obtaining license plates & placards for Texas. Ordering Driver Records. An individual can order a driver record online or by mail. Driver records are not available in driver license offices. Right now, I have a Netflix account for about $15 a month in which I can watch every HBO show I want to. I’m just one session behind. Given you go out on the weekends, you also tend to have at least one drink before getting behind a wheel. At the age of 3. 6, you just don’t want to settle down and have amassed a nice nut. Assessment: You are higher risk than average. Get an umbrella policy with liability coverage of at least $1 million if not $2 million given you’re in the growth phase of your career. Also get comprehensive auto insurance that covers the damage of your car and liability of around $5. You drive a $1. 2,0. SUV, have a 1. 2 year old son, are a homeowner, and worth $3 million dollars. You never go out to party on the weekends anymore. Your idea of a good time is snuggling up with your husband to watch Revenge on DVD. In six years, your son plans to go off to college at a cost of $5. You also have a homeowners insurance policy with $5. Assessment: You are an average risk person. Get an umbrella policy with liability coverage between $2 million to $3 million. Weight the value of peace of mind vs. Make a decision what the likelihood is that you will be sued for your entire net worth. Your SUV is probably not worth getting comprehensive auto insurance, so just got with liability. If it gets destroyed, it sounds like you can easily buy a new one. You drive a $8,0. Honda Accord, are the only working spouse, have three children, are a homeowner, and worth $8. You spend all your time at the office and then at home with the kids. I never fully understood the purpose of the umbrella policy. It does make a lot more sense now that you have broken it down. Not that much in cost when you really.Find answers at www.texaschl.us about Concealed Handgun License. Texas CHL training courses are led by an NRA Certified Instructor and 10 year law enforcement veteran. Only specialty contractors, including HVAC, fire sprinkler systems, plumbing, electricians and well drilling/pump installation specialists, need to be licensed in Texas. Seldom do you ever go out. You’ve sworn off alcohol ever since you drove your car straight into a tree six years ago. You are working like a mad man to provide for your family and wonder whether tuition costs will continue to spiral out of control. Every time you think of the fact that three people are depending on you, you start to get a panic attack. Assessment: You are an average risk person who definitely needs an umbrella policy. You do everything a normal person would do as determined by the insurance actuaries, but you’ve got three dependents. If something happens to you, or you cause an accident, a lot of people will be negatively impacted. Not only get a $1 million umbrella policy get another $1- 2 million in term life insurance policy that will go towards your kids if you die. A comprehensive auto policy is probably a waste of money, but it depends on your liquid assets and how safe of a driver you are now. You have two teenagers and a net worth of $6. Try as you may, you feel you can no longer control your children. They aren’t very good students, aren’t going to win any athletic scholarships, hang out with the wrong crowd, and have a lot of angst. Because you don’t want to be the uncool mom, you allow your teenagers to drive. Assessment: Your teenagers put you at huge risk because you are responsible for all their actions before the age of 1. Everyday you pray they come home safe. Absolutely get a $1 million umbrella policy! Your teenagers could bankrupt you in a heartbeat! You are a landlord and/or business owner with a $3. When you have customers, you invariably open yourself up to more risk. I feel sorry for doctors who are trying to save lives but constantly operate under the assumption they will get sued by their patients. ![]() As a landlord, no matter how hard you screen your tenants or assess the safety of your unit, something bad may happen. Same thing goes from running any business. Assessment: You absolutely should get an umbrella policy worth $1 million or greater for potential garnished wages. Landlords should have landlord insurance and business owners have various business insurance options. The world is a very litigious place. Live the American dream but protect yourself. Example that does not need an umbrella policy: You drive a $2. Jeep, earn $6. 5,0. At the age of 2. 7, your vehicle is a blight on your finances because of the cost. All that money spent paying the monthly payments could go towards a downpayment on a house, or investments in the stock market. You still feel young and invincible with an attitude that you can work forever! Assessment: You are a risk taker because you’re putting your life in harm’s way with poor financial habits. As a result, you will likely never amass a net worth even close to $1 million. This is great because you therefore don’t need an umbrella policy. Your expensive comprehensive auto insurance policy which acts as a lead balloon on your net worth will do. DON’T GET TOO MUCH INSURANCE EITHER! How much insurance you have can easily be found via public records. If you are deemed at fault in an accident, by the time a lawyer calls you they will know exactly how much insurance coverage you have. If you have a net worth of $1 million, but have an umbrella policy of $5 million, guess what? The lawyer is going to be way more motivated to go after $5 million! The irony is, if you had no umbrella policy and only an auto insurance liability coverage of $3. This now becomes a game of how good you are at hiding your assets! Insurance companies also don’t want you to have more umbrella policy than you need due to their liability reasons obviously. You pay the monthly or yearly premiums, but they pay the full amount. The good thing to note is that the higher your umbrella policy, the more inclined your insurance company will be to fight for your rights! INSURANCE AMOUNTS ARE DIFFERENT FOR EVERYONEYou can certainly go without an umbrella policy, but I wouldn’t recommend it if you have a net worth beyond your auto or homeowners liability coverage. My auto insurance liability covers $5. Sounds like a lot, but what if I cause a 1. Suddenly, $5. 00,0. You’ve got to check the latest insurance rates and make an informed decision. According to the Insurance Information Institute, a $1 million umbrella policy typically costs between $1. Each incremental $1 million dollars of personal liability insurance costs on less and les. Here is what it will cost me for various levels of umbrella policy with my insurance company. Texas Marriage License Requirements. If you're getting married in the state of Texas you must first apply for a wedding license at any in- state county clerk office. These offices, some of which are referred to as the . This document outlines the requirements you must adhere to in order to get a valid marriage license that can be used statewide. Let's begin. You do not have to be a previous or current resident of Texas to obtain a marriage license that will be valid statewide. You will receive your marriage license immediately after you submit your application. Once it expires, it can no longer be used to get married. A birth certificate may be necessary to show proof of age. If a parent can not be present, due to death, separation, divorce or other circumstances, proper evidence must be presented for verification. You will need a certified copy of your birth certificate. If the divorce or spouse's death had taken place within the last 3. If necessary, a copy of your divorce records or spouse's death certificate can be ordered from your local vital records office and mailed to you. This document will serve as evidence of your marriage, which you'll need to complete the process of notifying several government agencies about your name change, as well as any non- government institutions that you do business with (ie, banks, employers, credit cards, memberships, etc). It's applicable for Texas or any other state in the union. Completing all the necessary name change documentation prior to your wedding is recommended in order to expedite the name change process. The missing person, or persons, will have someone . Texas is one of only five states that does allow marriage by proxy to be legally performed. The latter, more common approach, would require an actual Texas marriage license. The fact that it is a viable option in this state is notable considering common law marriage is not available in four- fifths of the country. Simply choose a location below to visit. Phone numbers as well as map and accompanying driving direction links are provided for every address. Anderson County Clerk. Church St. Palestine, TX 7. Map. Andrews County Clerk. Northwest 1st. Andrews, TX 7. Map. Angelina County Clerk. E Lufkin Ave. Lufkin, TX 7. Map. Aransas County. County Clerk. 30. North Live Oak St. Rockport, TX 7. 83. Map. Armstrong Deputy Clerk. P. O. Box 3. 09. Claude, TX 7. Map. Atascosa County Clerk. Room 6. 1 Circle Drive. Jourdanton, TX 7. Map. Austin County Clerk. East Main. Belville, TX 7. Map. Bailey County Clerk. S. First St. Muleshoe, TX 7. Map. Bastrop County. County Recorders Office. Pine St 1st Floor. Bastron, TX 7. 86. Map. Beeville County Clerk. Bee County Courthouse. W Corpus Christi St Rm 1. Beeville, TX 7. 81. Map. Bell County Clerk. Corner Of Central & Main. Belton, TX 7. 65. Map. Bexar County Clerks. County Courthouse. San Antonio, TX 7. Map. Blanco County Clerk. P. O. Box 6. 5Johnson City, TX 7. Map. Bosque County Clerk. River St. Meridian, TX 7. Map. Bowie County Clerk. James Bowie Dr. Boston, TX 7. Map. Brazoria County Clerk. E Locust Room 2. 00. Angleton, TX 7. 75. Map. Brazos County Clerk. E 2. 6th St, #1. 20. Bryan, TX 7. 78. 03 4. Map. Brewster County Clerk. West Ave EAlpine, TX 7. Map. Brooks County Clerk. P. O. Box 4. 27. Falfurnas, TX 7. Map. Brown County Clerk. South Broadway. Brownwood, TX 7. Map. Burleson County Clerk. Buck & Fox St Rm 2. Flr. Caldwell, TX 7. Map. Burnet County Recorder. S. Poerce St. Burnet, TX 7. Map. Caldwell County Clerk. S Main St. Lockhart, TX 7. Map. Calhoun County Clerk. S. Ann St. Port La Vaca, TX 7. Map. Callahan County Clerk. W 4th St, # 1. 04. Barid, TX 7. 95. 04 9. Map. Cameron County Clerk. East Harrison. Brownsville, TX 7. Map. Camp County Clerk. Church St Rm 1. 02. Pittsburgh, TX 7. Map. Carson County and District Clerk. Main St. Panhandle, TX 7. Map. Cass County Clerk. E Houston St. Linden, TX 7. Map. Chambers County Clerk. Washington St. Anahuac, TX 7. Map. Cherokee County Clerk. N Main St. Rusk, TX 7. Map. Childress County Clerk. Ave E NWChildress, TX 7. Map. Clay County Clerk. North Bridge. Henrietta, TX 7. Map. Cochran County Clerk. N Main St, # 1. 02. Morton, TX 7. 93. Map. Coleman County Clerk. P. O. Box 5. 91. Coleman, TX 7. Map. Collin County Recorder. S. Mcdonald, Suite 1. Mc Kinney, TX 7. 50. Map. Colorado County Clerk. P O Drawer 6. 8Columbus, TX 7. Map. Comal County Clerk. Main Plaza Room 1. New Braunfels, TX 7. Map. Comanche County Clerk. Courthouse. Comanche, TX 7. Map. Cooke County Clerk. County Courthouse. Gainsville, TX 7. Map. Coryell County Clerk. Main St. Gatesville, TX 7. Map. Cottle County Clerk. Richards, P. O. 7. Paducan, TX 7. 92. Map. Crane County Clerk. Alford. Crane, TX 7. Map. Crockett County Clerk. Ave DOzona, TX 7. Map. Dallam County Clerk. East Fifth. Dalhart, TX 7. Map. Dallas County Clerk. Main St. Dallas, TX 7. Map. Dawson County Clerk. P. O. Box 1. 26. 8La Mesa, TX 7. Map. Deaf Smith County Clerk. East 3rd Rm 2. 03. Hereford, TX 7. 90. Map. Delta County Clerk. W Dallas Ave. Cooper, TX 7. Map. Denton County Clerk. West Hickory St. Denton, TX 7. Map. De. Witt County Clerk. N Gonzales St. Cuero, TX 7. Map. Dimmit County Clerks. North 5th St. Carrizo Springs, TX 7. Map. Donley County Recorder. S. Sully. Clarendon, TX 7. Map. Duval County Clerk. E Gravis. San Diego, TX 7. Map. Eastland County. County Recorders Office. W Main St. Eastland, TX 7. Map. Ector County Clerk. County Recorders Office. P. O. Box 7. 07. Odessa, TX 7. Map. El Paso County Clerks. City County Bldg. El Paso, TX 7. 79. Map. Ellis County Clerk. W Main St. Waxahachie, TX 7. Map. Erath County Clerk. W Washington St. Stephenville, TX 7. Map. Falls County Clerk. P. O. Box 4. 58. Marlin, TX 7. Map. Fannin County Clerk. E Sam Rayburn Dr, #1. Bonham, TX 7. 54. Map. Fayette County Clerk. N Washington St, #1. La Grange, TX 7. 89. Map. Fisher County Clerk. P. O. Box 3. 68. Roby, TX 7. Map. Floyd County Clerk. P. O. Box 2. 18. Crosbyton, TX 7. Map. Fort Bend County. Jackson St. Richmond, TX 7. Map. Franklin County Clerk. P. O. Box 6. 8Mount Bernan, TX 7. Map. Freestone County Recorder. P. O. Box 1. 01. 7Fairfield, TX 7. Map. Frio County Clerks. E San Antonio St, #6. Pearsall, TX 7. 80. Map. Gaines County Clerk. Ave HShallowater, TX 7. Map. Galveston County Clerk. Moody St. Galveston, TX 7. Map. Garza County Clerk. P. O. Box 3. 66. Post, TX 7. Map. Gillespie County. Main St. Fredericksburg, TX 7. Map. Glasscock County Clerk. P. O. Box 1. 90. Garden City, TX 7. Map. Goliad County Clerk. N Courthouse Square. Goliad, TX 7. 79. Map. Gonzales County Clerk. P. O. Box 7. 7Gonzales, TX 7. Map. Gray County Clerk. North Russell St. Pampa, TX 7. 90. 65 8. Map. Grayson County Clerk. W Houston St, # 1. Sherman, TX 7. 50. Map. Gregg County Clerk. East Methvin St. Suite 2. Longview, TX 7. 56. Map. Grimes County Clerk. S Main St. Anderson, TX 7. Map. Guadalupe County Clerk. East Court St. Seguin, TX 7. Map. Hale County Clerk. Broadway Suite 1. Plainview, TX 7. 90. Map. Hall County Clerk. C/O Hall County Courthouse. Memphis, TX 7. 92. Map. Hansford County Clerk. NW Court St. Spearman, TX 7. Map. Hardeman County Clerk. P. O. Box 3. 0Quanah, TX 7. Map. Hardin County Clerk. Highway 3. 26 Court. House Sq. Kountze, TX 7. Map. Harris County. County Clerks Office. Preston St, # 4. 00. Houston, TX 7. 72. Map. Harrison County Clerks. W Houston St Fl 1. Marshall, TX 7. 56. Map. Hartley County Clerk. Railroad Ave. Channing, TX 7. Map. Hays County Clerk. N Guadalupe St. San Marcos, TX 7. Map. Hemphill County Clerk. Main St 2nd Floor. Canadian, TX 7. 90. Map. Henderson County Clerk. P. O. Box 6. 32. Athens, TX 7. Map. Hidalgo County Clerk. N Closner Blvd Fl 1. Edinburg, TX 7. 85. Map. Hill County Clerk. S Covington St. Hillsborough, TX 7. Map. Hockley County. Houston St, # 2. 13. Levelland, TX 7. 93. Map. Hood County Clerk. East Pearl. Granbury, TX 7. Map. Hopkins County Clerk. Church St. Sulphur Springs, TX 7. Map. Houston County Clerk. P. O. Box 3. 70. Crockett, TX 7. Map. Howard County Clerk. Main St. Big Springs, TX 7. Map. Hunt County Clerk. Lee St. Greenville, TX 7. Map. Hutchinson County Clerk. Main St, Rm 2ll. Stinnett, TX 7. Map. Irion County Clerk.
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