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A comment on Ask HN: What did you do when you suddenly got rich?. Parent comment

Re:Ask HN: What did you do when you suddenly got rich? by gtirloni on Wednesday July 24, 2019 @11:47PM (#20522384)
>If someone is on your property and injures themselves or you accidentally harm someone, they can sue you for millions.

That was a bit of stretch, no? I agree with the other points.

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Re:Ask HN: What did you do when you suddenly got rich? by henry_uhnw on Thursday July 25, 2019 @07:40AM (#20524499)
It really isn’t. I’m an advisor and work almost exclusively with clients who have $10mm or more. At that point if you get in an accident or hurt someone and someone finds out that you’re wealthy, there is a reasonable chance they will come after you. I’ve seen it happen and heard it anecdotally.

A $5mm umbrella policy with one of the best insurance companies in the US is like $500/year. I just went out and got a quote on it last week. The best part is if that were to happen, the person suing will have to go up against the insurance company’s lawyers, who are most likely very good.

Even if the probability of that happening was in the low single digits, would you really want to run the risk over $500/yr?

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Re:Ask HN: What did you do when you suddenly got rich? by dragonwriter on Wednesday July 24, 2019 @11:50PM (#20522408)
> That was a bit of stretch, no?

No, healthcare costs plus lost wages and other damages for injuries can get into the millions quite easily, and slip and fall injuries are a real legal liability of property owners.

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