Geico Umbrella with Multifamily - is it really covered?

[Jesse M.]

Hi all,

I know Geico Umbrella policies have been discussed in numerous posts in these forums previously with regard to multi-families, and it always seemed that the consensus was that they provide decent coverage and potentially asset protection for landlords for up to 4 multifamily properties.  

I got another umbrella with them recently after being with another insurer for a while and i saw something concerning in the policy document.  It has this line:

3. Business property means:
(a) any property on which business is conducted; or
(b) any property containing more than two residential units

and then this later in the document:

We do not cover damages arising from:
5. Business pursuits or business property of an insured.

When i was on the phone with their rep i really couldn't get a clear answer, they advertise heavily for landlords, and the rep seemed to imply that rentals are different than business property, but the definition in the document seems to say that multifamilies with more than 2 units would be excluded.

Anyone have any experience getting a clear answer from Geico on umbrella coverage for multifamilies?  or any experience using the umbrella coverage in a multifamily scenario?  

Thanks for any thoughts...for many of us umbrellas are good asset protection, but not if we go to use it and then find out our multifamily property is excluded!!