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Can you share which company your $5m policy is with? I'm considering umbrella coverage, and $25/month is a crazy good deal.
by tothrowaway 3y ago
Can you share which company your $5m policy is with? I'm considering umbrella coverage, and $25/month is a crazy good deal.
- bombcar 3y agoMost companies that do home AND auto will offer it. The trick (not really a trick) is that the umbrella can ONLY be added after you maximize coverage on home and auto. Check the bogleheads forum for discussions on insurance.
- astura 3y ago> the umbrella can ONLY be added after you maximize coverage on home and auto. This isn't universally true - I have an umbrella policy with USAA. They require me to have a minimum of coverage on my home and auto to have the umbrella policy, but it's not the maximum they offer. It's a couple tiers down. Of course, the price for the umbrella policy might depend on your home/auto coverage.
- balderdash 3y agoChubb - you need to go through a broker and I should note i also have homeowners insurance that has some liability coverage which I suspect also influences the umbrella rate - just find a broker that sells Chubb/aig/natgen/travelers that cater to high net worth individuals (you don’t need to be one! I had a renters insurance policy from Chubb right out of college) But those policies tend to be more customizable - and my experience is that they’re more inclined to pay claims