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re: Umbrella Insurance Policies

Posted on 1/22/14 at 4:40 pm to
Posted by Platinum
Baton Rouge and New Orleans
Member since Jan 2014
255 posts
Posted on 1/22/14 at 4:40 pm to
I'm just trying to get the best value. Renters isn't expensive- it's $150 a year. The 1M umbrella is $300 a year. I'd make up the difference if I dropped the renters and lowered my current limits on auto (300/500). Probably wouldn't work though.
This post was edited on 1/22/14 at 4:41 pm
Posted by krange1
Destrehan, LA
Member since Mar 2012
171 posts
Posted on 1/22/14 at 4:45 pm to
Don't mind me asking, but what is the need of the 1M umbrella? Do you have a home, own a business, or are you making OT type money? Not trying to talk you out of coverage, just trying to understand your situation.

Another thing you can do is call the insurance company you're with. Go through whatever 1-800 number they have and ask for 1M liability on the auto policy. You may be able to do that.
This post was edited on 1/22/14 at 4:50 pm
Posted by wickowick
Head of Island
Member since Dec 2006
45825 posts
Posted on 1/22/14 at 5:15 pm to
I had to go up from 100/300 to 250/500 with State Farm to add an umbrella, but I also got an additional discount that for another line of coverage which made the upgrade in coverage cost almost nothing additional...
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