May. 12, 2013,?02:58 PM #3
An "umbrella" policy is one that is a general coverage and provides coverage over and above what you now have. They usually require a minimum level of underlying coverage. Often they will "fill in the blanks" for unusual types of risks not covered in underlying coverage.A "horse owner's liability policy" would be a narrowly tailored contract to cover only one type of liability exposure.
As between the two I'd go for the umbrella as it's much more general. Of course you do have to read it and ensure that it's doing what you want done. As long as it does I'd say it's the better buy.
G.
Mangalarga Marchador: Uma Ra?a, Uma Paix?o
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May. 12, 2013,?03:47 PM #4
I have Private Horse Owners Liability insurance for my mare - I pay $150/year which covers up to 3 horses. I rent so I don't have home owners insurance or anything of the like (I have renters insurance though). The coverage amounts are $500k for occurrence and 1 million aggregate. For peace of mind it's totally worth it especially in this sue-happy world.I use Corinthian:
http://www.corinthianinsurance.com/
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