TOOLMAN
Recycles dryer sheets
- Joined
- Jan 14, 2013
- Messages
- 296
My State Farm agent said I should reduce my umbrella liability from 2M to 1M because he said most people have 1M, and having more than 1M makes you a target. My NW was 2M then and so I took his advice. Now NW is approaching 4M and I am reviewing my coverage.
State Farm charges me $350/yr. for 1M of umbrella insurance. 58 yrs old, 3 cars, 1 pickup, 1 motorcycle, 1 airplane. Very few or No claims in 10 years. Except for the Motorcycle & airplane, home owners & the rest is with State Farm. Autos limits are stacked.
Q1. How much should I have?
Q2. How much should I pay?
Q3. Which provider is a good choice?
Q1. Is it a problem having an umbrella insurance policy from someone other than your primary insurance company?
Thanks for any suggestions.
State Farm charges me $350/yr. for 1M of umbrella insurance. 58 yrs old, 3 cars, 1 pickup, 1 motorcycle, 1 airplane. Very few or No claims in 10 years. Except for the Motorcycle & airplane, home owners & the rest is with State Farm. Autos limits are stacked.
Q1. How much should I have?
Q2. How much should I pay?
Q3. Which provider is a good choice?
Q1. Is it a problem having an umbrella insurance policy from someone other than your primary insurance company?
Thanks for any suggestions.