Umbrella Insurance Policy - Has Anyone Got One?

saffrontea on 26/08/2023 - 21:31
Last edited 27/08/2023 - 10:56 by 1 other user

I was wondering if Australia has an option for individuals to get an umbrella insurance policy.

This is supposed to be for individuals, and usually includes protections from lawsuits, legal costs, fraud, etc that can impact your assets.

Would be great to have that peace of mind if possible so if anyone has some experience with it, please share kindly. I cannot find any specific insurers for this kind of protection.

Financial Insurance

Comments

  • theHMASfriendship on 26/08/2023 - 21:44
    +14

    Umbrella's are pretty cheap i just buy a new one if i write off the old one

  • jakka on 26/08/2023 - 21:46
    +1

    Maybe try a raincoat?

  • AustriaBargain on 26/08/2023 - 21:47
    -1

    umbrella insurance policy. This is supposed to be for individuals, and usually includes protections from lawsuits, legal costs, fraud, etc

    You out stabbing people with your umbrella or something, is that you John Steed?

  • mskeggs on 26/08/2023 - 22:12
    +6

    This isn't something common in Australia, possibly not even available.
    It is a USA thing, where there are more litigation risks.
    In AU, your house insurance has liability, your car insurance covers liability and we have workers comp.
    So we don't have the same exposure that might exist in America.

    • saffrontea on 26/08/2023 - 22:47

      Thanks - makes sense.

      • MS Paint on 26/08/2023 - 23:00
        -2

        That makes sense. Cheers

  • Iwantthebestprice on 26/08/2023 - 22:17
    +3

    Why you so worried about being sued by everyone? Running some dodgy ass business on the side I bet..

    • saffrontea on 26/08/2023 - 22:27
      -5

      Why so negative?

      • Iwantthebestprice on 26/08/2023 - 22:42

        Gurl.. you literally asked about an insurance policy that protects you from all types of liability.. dodgy AF and you know it

  • Godric on 26/08/2023 - 22:43

    Won't need it heading into Summer

    • try2bhelpful on 27/08/2023 - 00:23
      +2

      Umbrellas can be used for shade as well.

      • altomic on 28/08/2023 - 09:11

        slip slop slap

        • theHMASfriendship on 28/08/2023 - 19:28

          It sounds like a breeze when you say it like that

  • Trying2SaveABuck on 26/08/2023 - 23:05
    -1

    i got no money so if you want to sue me go for it lmao - you cant get blood out of a stone

    well thats a lie my bank account says i have $21.41 i dare say most laywers will charge you a lot more then that bahahaha

  • capslock janitor on 26/08/2023 - 23:06

    lmfao what da hell is this thread

  • [Deactivated] on 26/08/2023 - 23:07
    -1

    Yep, Umbrella is pretty cheap you just buy a new one if it writes off…
    hence, OP, you should get first troll insurance before umbrella's here.

  • randomusername2017 on 26/08/2023 - 23:33
    +2

    Self insure.
    Discretionary Trust
    Pre plan.. shift all your assets 5years prior to launch of Ponzi schemes.

  • [Deactivated] on 26/08/2023 - 23:44
    +1

    Suggest you place all of your assets in your spouse's name so that they can make a new start with a new spouse when you go to the slammer it's protected

    • AustriaBargain on 27/08/2023 - 12:20
      +1

      I just watched Casino again and can confirm this is a foolproof way to protect yourself.

      • [Deactivated] on 27/08/2023 - 13:46

        It's magical

  • ihbh on 27/08/2023 - 09:23
    +1

    If it's your first time, just stick it in his butt. Or thigh as in this case.

    https://www.theguardian.com/world/from-the-archive-blog/2020…

    Best insurance is to make sure you have a good getaway car.

  • ozbargainsam on 27/08/2023 - 09:25

    This is a totally wild guess, but do you listen to ATP?

    • Daabido on 27/08/2023 - 11:05

      They do expensive tours.

      • Chandler on 28/08/2023 - 14:08

        I think they may have meant Accidental Tech Podcast, which I haven't actually listened to for a long time… so what did I miss, @ozbargainsam?

        • ozbargainsam on 28/08/2023 - 17:22
          +1

          Marco talked about Umbrella insurance. It was the first time I'd heard of the concept.

  • pharkurnell on 27/08/2023 - 10:48

    I think Ive now heard everything….

    • Daabido on 27/08/2023 - 11:06

      They number of times I've said that, only for my students to prove me wrong shorlty thereafter.

  • jv on 28/08/2023 - 00:41
    -1

    Umbrella Insurance Policy - Has Anyone Got One?

    I have Raining #1 protection !!!

  • Gdsamp on 28/08/2023 - 15:28

    costs less to be a decent person and behave correctly ,

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