Author Topic: Paying off mortgage?  (Read 15789 times)

shawndoggy

  • Bristles
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Re: Paying off mortgage?
« Reply #100 on: January 16, 2017, 09:09:00 PM »

1st question do you frequent wakeboard forums.

2nd statement. Umbrella policy is better than 550k tied up in a house

Busted!

And the umbrella policy I get.  But when you T-bone the brain surgeon, it's going to result in more liability than your 1-2M umbrella policy.  It's the idea of having unshielded cash that some may find somewhat concerning.

boarder42

  • Walrus Stache
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Re: Paying off mortgage?
« Reply #101 on: January 17, 2017, 05:07:44 AM »

1st question do you frequent wakeboard forums.

2nd statement. Umbrella policy is better than 550k tied up in a house

Busted!

And the umbrella policy I get.  But when you T-bone the brain surgeon, it's going to result in more liability than your 1-2M umbrella policy.  It's the idea of having unshielded cash that some may find somewhat concerning.

at that point its just a sliding scale though.  the amount of income gained by not paying your mortgage down vs the cost to up your umbrella policy ... and at what point is enough enough.  Not to mention the statistical unlikelihood of Tboning someone of that level that the costs of them not working cost you everything you have and its 100% your fault.