Talk of The Villages Florida - View Single Post - Outrages Geico Insurance rates
Thread: Outrages Geico Insurance rates
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Old 07-03-2021, 07:24 AM
bilcon bilcon is offline
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Originally Posted by lkagele View Post
In general, two types of umbrella; business and personal. A personal umbrella policy provides liability coverage above your underlying policies for both auto and homeowners. If a claim occurs that exhausts your underlying limits on either a HO or auto then your personal umbrella kicks in with an additional layer of liability coverage.
Wrong. You can get an umbrella policy under your auto insurance to cover everything. I have GEICO and only have auto with them. I took out a $1,000,000 umbrella policy with them several years ago and the premium was $220 a year, for the first 3 years. Then it went up a little last year and this year it almost doubled, to over $400. I called and the rep said that Florida has one of the highest rates of law suits, so that is the reason for the increase. THANK YOU DAN, MORGAN AND MORGAN ETC. I dropped the policy.