donheff
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I have had insurance policies with State Farm for decades. Currently they include two cars, two houses, a jet ski, and an umbrella policy. The other day I was looking at the umbrella policy because I was thinking of raising the level. The price struck me as too high for what it provided so I called Geico to get a quote. They told me I needed another policy (e.g.) car to enroll for an umbrella. So I got a quote for the cars and could save a boatload. Then I got a quote for the umbrella and could save a boatload more. The houses were cheaper at state farm. Time to move but I have some questions:
1) Is there generally an advantage to stick with one company or is it better to farm the policies out to well regarded specialists?
2) Should I just shop around or find a broker?
3) Someone told me the umbrella should equal my net worth. But people can sue you for more than that so I don't see the relationship - any magic numbers for umbrellas?
4) Any suggestions on good companies and/or brokers?
1) Is there generally an advantage to stick with one company or is it better to farm the policies out to well regarded specialists?
2) Should I just shop around or find a broker?
3) Someone told me the umbrella should equal my net worth. But people can sue you for more than that so I don't see the relationship - any magic numbers for umbrellas?
4) Any suggestions on good companies and/or brokers?