Talk of The Villages Florida - View Single Post - Bundling Insurance in Florida
Thread: Bundling Insurance in Florida
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Old 07-18-2024, 08:01 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by bragones View Post
On an insurance side note, if you have an umbrella policy, it is required that you have Uninsured Motorist (UM) coverage. A previous thread on UM coverage cast doubt and differing opinions on the necessity/value of UM. In my case, UM cost is $456/year. It is something that I would have dropped if I wasn't required to have it for my umbrella.
I have $1 million in liability insurance included with my State Farm auto policy. Allstate also offers up to a million in coverage. I have no UM coverage and no umbrella policy. So, if you can get by with a million dollars in liability coverage, you may want to consider cancelling the umbrella policy and switching to a company that offers a higher liability limit.