your agent is right...

business and personal umbrella policy... 2010-09-02 13:17:05
first of all, I am not any type of agent or broker, so don't quote me, just from what I understand...

personal umbrella usually can be extended from your primary home insurance, which covers personal liability such as injury from home, automobile and you can also extend this coverage to properties you own personally.

but if you want a policy that covers LLC, partnership, trust, corp or any other type of entity, you need to look into business umbrella.

business umbrella is little bit higher, but not by much.

my business umbrella cost $1000 for the first million, which covers 54 rental units.

my personal umbrella cost $488 for the first million, which is sits behind my business umbrella coverage.
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所有跟帖： 

• 谢JY 斑竹!! -ctimeagain- ♀ (0 bytes) () 09/16/2010 postreply 13:48:26

• I complained to my agent yesterday about the >10% increase -Morning3evening4- ♂ (224 bytes) () 09/16/2010 postreply 13:52:47

• Mine is slightly higher. -凌长老- ♂ (0 bytes) () 09/16/2010 postreply 14:02:24

• Which company? I am in American Family Insurance. -Morning3evening4- ♂ (59 bytes) () 09/16/2010 postreply 14:05:28

• The quote I get for 1 M is only $209 -ctimeagain- ♀ (0 bytes) () 09/16/2010 postreply 14:02:44

• Very good price! -凌长老- ♂ (0 bytes) () 09/16/2010 postreply 14:04:33

• too much work though, I would have move all the policies to this -ctimeagain- ♀ (0 bytes) () 09/16/2010 postreply 14:08:03

• Great! I started with 202 per year in 2003, I remember. -Morning3evening4- ♂ (31 bytes) () 09/16/2010 postreply 14:06:57

• the premium is base on how much liability insurance company expo -jy101- ♂ (311 bytes) () 09/16/2010 postreply 14:38:24

• The agent told me the only way to reduce my premium -Morning3evening4- ♂ (227 bytes) () 09/16/2010 postreply 17:48:16