Changes to the Umbrella Market
Several personal umbrella carriers have announced changes in the past few weeks, which may make it more difficult to find an umbrella for some of your personal lines clients. Some carriers are requiring higher underlying limits while other carriers are completely exiting the personal umbrella market.
Member agents can write stand-alone personal umbrella policies with RLI
. RLI will allow underlying auto limits to be as low as $100,000/$300,000 for many customers, and it also offers excess UM/UIM coverage.
Quoting, binding, issuing, and paying an RLI umbrella is easy and done completely online through RLI’s online portal.
If you have questions about accessing RLI or would like to get set up, please contact ASCK