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1 Million Dollar Insurance Policy???

Discussion in 'BlackHat Lounge' started by digitalpower, Mar 3, 2009.

  1. digitalpower

    digitalpower BANNED BANNED

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    One of the methods I'm trying is requiring a 1 million dollar insurance policy for a weekend. Any ideas on how much this would cost and what a good insurance company would be?
     
  2. plurtle

    plurtle Newbie

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    not really sure what you need it for but the cost will vary based on what company you use for insurance and exactly what you are insuring... the only time I ever need a 1 million dollar insurance policy was on a seriously large music event and the the cost is also based on size of venue and number of attendees.... We had quoted the insurance company about 1000-1500 people and they wanted about $1 per person... hope that helps!
     
  3. billygood

    billygood Senior Member

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    if it's a person whole life policy and your about 28, it will cost about 14K per year. I've insured cargo in the past and a 1,000,000+ auto from new york to long in a container cost 480.00 ( no it was not my car, it was a clients car that I was shipping )
     
  4. john14809

    john14809 Junior Member

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    Not sure if I understand the question, however there is a $1 million dollar insurance policy, it's called an umbrella policy. You can only get if you have auto and a homeowners policy first. The umbrella requires you have $300K policy for your auto. If you have auto and homeowners at the same insurance company you get a great discount for the umbrella which will run about $500 for the year where I live in the states. If you insurance is at different companies for auto and homeowners then you will pay much more for the umbrella which will be around $1,000 a yr.