View Single Post
 
Old 03-05-2015, 07:21 AM
dbussone's Avatar
dbussone dbussone is offline
Sage
Join Date: Jun 2012
Posts: 7,833
Thanks: 0
Thanked 86 Times in 78 Posts
Default

Quote:
Originally Posted by bimmertl View Post
In order to get an umbrella policy you need to have "required" underlying limits on all of your other policies. My umbrella requires underlying limits of 250/500/100 on auto and golf cart policies. I believe those limits are pretty common for most umbrellas.

The intent of an umbrella is for more or less for catastrophic losses and not to be the primary policy relied on in most situations. So the high underlying limits are needed.
That makes sense. Thanks very much.
__________________
All the great things are simple, and many can be expressed in a single word: freedom, justice, honor, duty, mercy, hope.
Winston Churchill