Umbrella Products

Umbrella (Submit for Rate)

Underlying Coverage Requirements

• Automobile Liability – $500k/$500k/$100k or $500,000 CSL
• CPL or Homeowners – $300,000 CSL
• Watercraft (less than 350 horsepower) – $300k/&500k/$100k or $300,000 CSL
• Vacant Land – $300,000 CSL
• Rental Units – $300,000 CSL
• Motorhomes – $300k/$500k/$100k or $500,000 CSL

Eligible Risks

• • Vacant land up to 10 acres
  • Small farms
  • Owners of no more than 12 rental units
  • Watercraft less than 350 horsepower. (Carrier approval required if over 350 horsepower.)
  • ATVs, motorcycles, mopeds, and snowmobiles
  • Owners of up to 12 rental units

*Apartments (Carrier approval required)

Ineligible Risks

• Applicants who have had more than 1 liability claim that exceeds $25,000 in payment during the last 5 years
• Business pursuits including policies written in a corporate name
• Risks with no underlying CPL
• Risks with Commercial Underlying Policies
• Aircrafts
• Houseboats

Available Limits

• Minimum limits required – $1,000,000. Increased limits up to $10,000,000 subject to an additional premium and carrier approval.
• UM/UIM coverage – $25,000 included when underlying UM/UIM limits are equal to underlying automobile liability limit.
• Increased limits available subject to an additional premium and carrier approval.
• Identity Theft coverage – $25,000 available subject to an additional premium.

Submission Requirements

• Completed and signed application

Excess Umbrella (Submit for Rate)

Underlying Coverage Requirements

• Personal Umbrella – $1,000,000 in excess of the minimum underlying limits

Eligible Risks

• Vacant land up to 10 acres
• Small farms
• Owners of no more than 12 rental units
• Watercraft less than 350 horsepower. (Carrier approval required if over 350 horsepower.)
• TVs, motorcycles, mopeds, and snowmobiles
• Owners of up to 12 rental units
• Apartments (Carrier approval required)

Ineligible Risks

• • Applicants who have had more than 1 liability claim that exceeds $25,000 in payment during the last 5 years
  • Business pursuits including policies written in a corporate name
  • Risks with no underlying CPL
  • Risks with Commercial Underlying Policies
  • Aircrafts
  • Houseboats

Available Limits

• • • Up to $5,000,000. Increased limits may be available subject to an additional premium and carrier approval.

Submission Requirements

• • • Completed and signed application

Personal Umbrella – Farm and Ranch Owners

• Farms owned by personal insureds (non-commercial), typically owned for investment or retirement purposes
• Up to:
  • 1,000 total acres across and unlimited number of locations
  • $250,000 of farm revenues from eligible farm operations
  • 100 head of grazing animals/livestock
  • 10 horses
• Unlimited number of autos, recreational vehicles and watercrafts not exceeding 75 feet/50 mph
• Farm locations leased to others.

Product Advantages

• Dollar one coverage for non-owned recreational vehicles and watercraft under 26 feet and under 301 horsepower
• Dollar one coverage for non-owned automobiles outside the U.S.
• Definition of bodily injury is expanded to include mental injury, anguish, humiliation and shock
• No self-insured retention
• Defense outside the limit
• Pre and post-judgment interest coverage
• Multiple additional insureds can be added at no additional premium
• Personal injury included if included on primary; buyback option available if excluded on primary

Available Limits

• Up to $5 million
• $1 million for risks in AL, CA, FL, MS, NH and VT
• $1 million for risks that fall within our High Risk guidelines
• $1 million for households with drivers 76 or older
• $1 million for risks in CT and ME with rental locations built prior to 1978
• $1 million excess uninsured/underinsured motorist coverage for most risks ($25,000 included at no charge)

Minimum Underlying Requirements

• $500,000 personal liability or homeowners
• $500,000/$500,000/$100,000 or $500,000 combined single limit for automobiles, watercrafts under 50 feet and recreational vehicles in most states
• $1 million/$1 million/$100,000 or $1 million combined single limit for admitted accounts in Missouri and high risk applicants or household with drivers 76 or older

MOST COMMON INELIGIBLE RISK CHARACTERISTICS

• Risks in the name of a corporation or farm exposure in the name of a corporation
• Underlying farm liability coverage written on a commercial form (exception is business auto)
• Farm operations include confinement, manufacturing, processing or slaughtering
• Horses are boarded, bred, raced, trained or given lessons
• More than one major violation in the household
• Operator over age 22 with a DUI lives in same household as a youthful operator
• Primary residence located in AK, LA or WV

NOTE: Ineligible risk characteristics include, but are not limited to, those listed above.

Business Resource Center, Provides centralized access to business solution vendors for all policyholders

• • Human resources services
  • Pre-employment and tenant screenings
  • Identity theft protection
  • Marketing resources

Call 1-888-875-1969 for an Instant Phone Quote