Quote:
Originally Posted by billethkid
Yes it seems like everything is going up but today's surprise.....annual renewal of State Farm umbrella policy with a 42% increase over last year. The policy is a standard $1,000,000 policy.
The reason given was since there has been no significant increase over recent years and increasing claims they are just "...catching up...".
I advised them it was time to start shopping.
Any similar experiences with Umbrella coverage?
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My agent warned me last year to expect a large increase this year. It was suggested to drop the umbrella increase the liability on auto coverage and anything else you might have. Said it would be cheaper.