Sacramento, CA · Member since 2014 · 513 posts · 319 votes
Hi All,
I need to find an insurer who does umbrella policies only. My current insurance agent is saying we'll have to move all our insurance policies to one carrier. Is it cheaper this way or should I find a company that just handles umbrella policies? Need advice on this please!
I was an agent with Country Financial for 3 years. They are a very good company, but like any company they have certain rules. They require you to have your primary residence with them to be able to write a landlord policy. They will allow outside lines policies on some things and still be able to get an umbrella, but they will hit you with a surcharge on the umbrella assuming its an outside lines policy they will allow? If not, then you must bring all policies to them.
The company I'm with now doesn't require the primary to be able to write a landlord policy. On the umbrella, so long as your outside lines policy has the minimum underlying coverage's, we will write the umbrella. But just like any carrier, we will hit you with a surcharge due to having outside lines policies backed up by our umbrella.
You are going to generally get the best coverage, and pricing by doing all your business with one company, but shop around, there are difference in what each company likes and will do?
I was an agent with Country Financial for 3 years. They are a very good company, but like any company they have certain rules. They require you to have your primary residence with them to be able to write a landlord policy. They will allow outside lines policies on some things and still be able to get an umbrella, but they will hit you with a surcharge on the umbrella assuming its an outside lines policy they will allow? If not, then you must bring all policies to them.
The company I'm with now doesn't require the primary to be able to write a landlord policy. On the umbrella, so long as your outside lines policy has the minimum underlying coverage's, we will write the umbrella. But just like any carrier, we will hit you with a surcharge due to having outside lines policies backed up by our umbrella.
You are going to generally get the best coverage, and pricing by doing all your business with one company, but shop around, there are difference in what each company likes and will do?
@Kevin R. I currently signed with Encompass who required we have all our policies including auto insurance with them. I would like to have another carrier to compare it to. Would you PM me your contact info?
@Penny Clark I am an agent for Farm Bureau finacnial services in MN, You can shop around to different companies, my advice is find a multi line company such as farmers, state farm, or even some mutual companies. Make sure you get your autos with that company because then the 1 million dollar umbrella will cover any liability if you get into if your in a car accident.
@Nick Holty, You're right. Most insurance carriers insist on having not only your car insurance policies but your rentals and personal residence policies as well!