which insurance company offers the best umbrella policy?

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which insurance company offers the best umbrella policy?

John Boby
Rental Property Investor · LOS ANGELES, CA · Member since 2016 · 56 posts · 3 votes

which insurance company offers the best umbrella policy in California?

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Derek Lacy
Insurance Agent · Maitland, FL · Member since 2015 · 397 posts · 244 votes
10y
Define best. We represent 400+ insurers so I'm sure I can help, but I've yet to find a best for everyone option. What are you looking to cover and what names are they in. For privacy don't put the actual names, but 1 house 5 cars 2 boats in a personal name, 4 houses in an LLC, etc.
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  • Derek Lacy
    Insurance Agent · Maitland, FL · Member since 2015 · 397 posts · 244 votes
    10y
    Define best. We represent 400+ insurers so I'm sure I can help, but I've yet to find a best for everyone option. What are you looking to cover and what names are they in. For privacy don't put the actual names, but 1 house 5 cars 2 boats in a personal name, 4 houses in an LLC, etc.
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  • Randy Beadles
    Investor · River Falls, WI · Member since 2011 · 23 posts · 4 votes
    10y

    For my California properties my independent agent is registered with PersonalUmbrella.com and I'm very happy with my $2M coverage.

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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    10y

    Im not sure if they are they best, but I use Geico.

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  • David Dachtera
    Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes
    10y

    Just curious if anyone has needed to use their umbrella policy.

    Did the prevailing party(-ies) say, "Ok, we'll accept your insurance company's pay out"?

    Did they also add, "... AND all your stuff, too!"

    The part which bothers me is that if the insurance pays out, it means litigation was brought - and you lost.

    ... or would it make more sense to have a proper entity structure in place such that you might lose an LLC and any property(-ies) in it, but your personal possessions were not at risk?

    David J Dachtera

    "Success is not a destination. Failure is not an event. Success is a process, failure is a choice."

    - DJ Benedict 

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