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Umbrella Policy Question
Old 07-16-2014, 06:40 PM   #1
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Umbrella Policy Question

Hey all,

We're in the process of getting rid of our car and relying on rideshare and transit for getting around town.

What I'm discovering is that having no car insurance is going to compromise our ability to keep our umbrella policy. Our agent also said that because most of our rates are related to a "good driver discount" that we can expect to see all of our insurance rates go up.

So yes, I'm shopping around.

But I'm curious if we have any other car-free people who have an umbrella liability policy, and if you've run into any problems about not having sufficient "underlying coverages."

Thanks!

SIS
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Old 07-16-2014, 07:05 PM   #2
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This thread on liability insurance suggests you are required to have certain coverage limits. We just raised ours in order to get an umbrella policy. Good luck, hope we learn more.


Car Insurance Liability
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Old 07-16-2014, 07:09 PM   #3
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Happy reading!

Comparing Stand-Alone Personal Umbrella Policies
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Old 07-17-2014, 09:59 AM   #4
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Thanks to you both!
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Old 07-17-2014, 10:16 AM   #5
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Quote:
Originally Posted by ShortInSeattle View Post
.... Our agent also said that because most of our rates are related to a "good driver discount" that we can expect to see all of our insurance rates go up.....
My BS meter is ringing.
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Old 07-17-2014, 10:21 AM   #6
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I used State Farm for our auto, umbrella and a few other things. I changed insurers for the umbrella policy and expected the multi line discount would fall some. It's not a big difference, though, less than 5% of the total policy premium.
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