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re: Umbrella policy / general liability
Posted on 7/4/16 at 12:29 pm to tiger09
Posted on 7/4/16 at 12:29 pm to tiger09
The State Farm maximum liability coverage under our homeowner and auto policies weren't enough so we added an umbrella policy which covers both policies.
This post was edited on 7/4/16 at 12:39 pm
0
Posted on 7/4/16 at 2:08 pm to tiger09
I cary limits up to 4 million.
Wouldn't dream of giving my life away because a justly in new orleans decided to award someone else my earnings and future earnings
Wouldn't dream of giving my life away because a justly in new orleans decided to award someone else my earnings and future earnings
Posted on 7/4/16 at 2:31 pm to Mr.Perfect
Okay, you all are convincing me to keep an umbrella, but my policy is $1250 per year for only $1MM. Three drivers, but only two (late model) vehicles. I am going to have to shop around harder. I had a broker shop it about six months ago, but the cheaper umbrella was offset by higher auto / home.
Posted on 7/4/16 at 5:08 pm to tiger09
quote:Yeah they are going to get you somewhere. Like I said we have some nice vehicles, i'm 43 wife is 40 we live in St. Tammany spotless records and credit and our car insurance is already $6k a year. Can't wait until my sons start driving!
Okay, you all are convincing me to keep an umbrella, but my policy is $1250 per year for only $1MM. Three drivers, but only two (late model) vehicles. I am going to have to shop around harder. I had a broker shop it about six months ago, but the cheaper umbrella was offset by higher auto / home.
Posted on 7/4/16 at 8:53 pm to achenator
quote:
Yeah they are going to get you somewhere. Like I said we have some nice vehicles, i'm 43 wife is 40 we live in St. Tammany spotless records and credit and our car insurance is already $6k a year. Can't wait until my sons start driving!
You're getting raped dude.
I promise you any broker will be able to beat that price.
I have never written insurance that high on anyone.
Posted on 7/4/16 at 9:02 pm to achenator
What kind of vehicles?
Posted on 7/4/16 at 9:19 pm to dabigfella
First , 16 year old kids can't own cars or anything else as they aren't of the age of majority in most every state.
Second, transferring title to another household member, even when all residents are of the age of majority, doesn't shift the liability, as all umbrella policies' coverage limits apply by statute to all related household members regardless of age. So your minor & adult children who live in the same home must be rated for by the insurer, as all household members are entitled to coverage regardless of title to any particular vehicle.
Second, transferring title to another household member, even when all residents are of the age of majority, doesn't shift the liability, as all umbrella policies' coverage limits apply by statute to all related household members regardless of age. So your minor & adult children who live in the same home must be rated for by the insurer, as all household members are entitled to coverage regardless of title to any particular vehicle.
Posted on 7/5/16 at 7:44 am to tiger09
I have one, but I think it is above all my policies including personal articles, auto, home and something else. I need to check.
Posted on 7/5/16 at 8:46 am to notsince98
quote:
I have one, but I think it is above all my policies including personal articles, auto, home and something else. I need to check.
It normally is.
Posted on 7/5/16 at 1:48 pm to tiger09
quote:
since adding a teen driver (female, good grades, clean driving record).
ahhh, policy worth every dime
Posted on 7/5/16 at 5:05 pm to BamaCoaster
quote:currently with allstate. have high income and other assets i'd rather not risk with a lower tier carrier. any suggestions would be appreciated. home is currently with Chubb, i guess I could call my Eustis broker.
You're getting raped dude.
I promise you any broker will be able to beat that price.
I have never written insurance that high on anyone.
Posted on 7/5/16 at 5:09 pm to boosiebadazz
quote:the main culprit is a higher end Pcar.
What kind of vehicles?
Posted on 7/5/16 at 5:27 pm to achenator
quote:
the main culprit is a higher end Pcar.
Just how high end? Not in LA but even with two luxury cars my insurance was never above $200/mo for solid coverage.
Posted on 7/5/16 at 5:39 pm to achenator
quote:
have high income and other assets i'd rather not risk with a lower tier carrier. any suggestions would be appreciated. home is currently with Chubb,
The branded insurance companies are, in my biased opinion, overrated.
There are a number of carriers that will write you the same coverage for much less $$$. If you like your agent, stay.
If not, shop around every couple years.
Hell, I shop around for my clients when they renew if they want me to.
And, it doesn't matter what car you drive. Just last month, I wrote insurance on two Porches ('85& '87) for less than $120/month through Liberty Mutual.
Posted on 7/5/16 at 6:18 pm to BamaCoaster
I just got rid of a Nissan GT-R was 1100 per 6. It matters lol once you get into newer high HP cars
This post was edited on 7/5/16 at 6:24 pm
Posted on 7/5/16 at 7:02 pm to achenator
Eustis is really geared for large commercial accounts. They do write personal lines policies, but it's certainly not their intent/goal. I would bet you probably don't even know your agent.
I would recommend calling a smaller agency in the town you live in. They will be able to give you the service you deserve. You would be more than fine with several different carriers.... Liberty Mutual, Safeco, Progressive/ASI just to name a few.
I would recommend calling a smaller agency in the town you live in. They will be able to give you the service you deserve. You would be more than fine with several different carriers.... Liberty Mutual, Safeco, Progressive/ASI just to name a few.
Posted on 7/5/16 at 7:17 pm to igotit
quote:TBH My Chubb homeowners policy was more reasonable than the BS convoluted policy that my Allstate agent was trying to sell me, ASI or LM.
Eustis is really geared for large commercial accounts. They do write personal lines policies, but it's certainly not their intent/goal. I would bet you probably don't even know your agent.
I would recommend calling a smaller agency in the town you live in. They will be able to give you the service you deserve. You would be more than fine with several different carriers.... Liberty Mutual, Safeco, Progressive/ASI just to name a few.
Posted on 7/6/16 at 9:50 am to achenator
I'm paying $169/yr for $1.5M umbrella, grosses up to $2M with liability policy on home/cars/former rental property + a few creatures believed to be much more dangerous than a young female driver. You need to shop around, all the coverage is with Encompass. Credit scores and insurance history are a major factor in rates. I still recall the convo with my dad after my 3rd speeding ticket at 17, didn't go well on my end.
Posted on 7/6/16 at 10:06 am to achenator
Umbrellas are well worth it. 
Posted on 7/6/16 at 10:19 am to achenator
Just FYi, every insurance carrier goes through the same regulatory hurdles to ensure reserve adequacy
Unless they are shady, name brand doesn't mean all that much as the requirements are equal
Unless they are shady, name brand doesn't mean all that much as the requirements are equal
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