GEICO umbrella insurance limited to $1M because of international property
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GEICO umbrella insurance limited to $1M because of international property
Hi,
I am seeking umbrella insurance through GEICO. My spouse owns a family home abroad where her mother resides, and it isn't worth all that much. GEICO's policy through RLI is a world-wide policy and the agent says they can't offer coverage > 1M because of our international property ownership.
Is this something standard, and has anyone experienced this? I was quite surprised about this. I'm going to check with other companies, but would like to know if anyone on this forum is more knowledgeable about this policy and whether other companies have this issue as well.
Thanks
Crazychris
I am seeking umbrella insurance through GEICO. My spouse owns a family home abroad where her mother resides, and it isn't worth all that much. GEICO's policy through RLI is a world-wide policy and the agent says they can't offer coverage > 1M because of our international property ownership.
Is this something standard, and has anyone experienced this? I was quite surprised about this. I'm going to check with other companies, but would like to know if anyone on this forum is more knowledgeable about this policy and whether other companies have this issue as well.
Thanks
Crazychris
Re: GEICO umbrella insurance limited to $1M because of international property
I would imagine you can find the coverage you need outside of GEICO.crazychris wrote: ↑Fri May 07, 2021 5:59 pm Hi,
I am seeking umbrella insurance through GEICO. My spouse owns a family home abroad where her mother resides, and it isn't worth all that much. GEICO's policy through RLI is a world-wide policy and the agent says they can't offer coverage > 1M because of our international property ownership.
Is this something standard, and has anyone experienced this? I was quite surprised about this. I'm going to check with other companies, but would like to know if anyone on this forum is more knowledgeable about this policy and whether other companies have this issue as well.
Thanks
Crazychris
Re: GEICO umbrella insurance limited to $1M because of international property
I found allstate cheaper than geico for $2mm
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Re: GEICO umbrella insurance limited to $1M because of international property
Thanks very much! I'm exploring State Farm and will also do All State
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Re: GEICO umbrella insurance limited to $1M because of international property
> Do you have to have your car and homeowner's insurance with Allstate to get umbrella?
They all require your auto, because that's where the risk is. Just raise your underlying policies to 1M. 1.5-2M total coverage is enough.
They all require your auto, because that's where the risk is. Just raise your underlying policies to 1M. 1.5-2M total coverage is enough.
Re: GEICO umbrella insurance limited to $1M because of international property
I didn't have any car/HO, but they made me add renter's, before they would write $2mm
Re: GEICO umbrella insurance limited to $1M because of international property
Geico refused to write an umbrella policy for me because I was an elected official. The fact that the position had a large liability policy didn't matter.
Re: GEICO umbrella insurance limited to $1M because of international property
Geico refused to write an umbrella policy for me because I was an elected official. The fact that the position had a large liability policy didn't matter.
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Re: GEICO umbrella insurance limited to $1M because of international property
So I got quotes from State Farm. Their home + auto is $ 1289.07 per year more than Geico!
This difference is totally insane. I'm likely going to stick with GEICO and their $1M umbrella policy limit.
Do folks have any other suggestions?
This difference is totally insane. I'm likely going to stick with GEICO and their $1M umbrella policy limit.
Do folks have any other suggestions?
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Re: GEICO umbrella insurance limited to $1M because of international property
You could try an unsupported umbrella quote at USLI (another Berkshire company).crazychris wrote: ↑Wed Jun 30, 2021 6:11 pm So I got quotes from State Farm. Their home + auto is $ 1289.07 per year more than Geico!
This difference is totally insane. I'm likely going to stick with GEICO and their $1M umbrella policy limit.
Do folks have any other suggestions?
See this thread
viewtopic.php?p=6037670#p6037670