So I have a guy w/ 30 rental properties I'm trying to bring on board & write w/ my monoline mutual property carrier. The issue is he's currently on commercial paper w/ 1MM/2MM liability coverage. I will cut his current rate down by $13,000 per year. I'll write his home/auto w/ separate carriers & then...
1.) Issue a USLI umbrella to extend coverage to 25 locations.
2.) Issue an umbrella w/ his auto carrier to extend liability to the next 4
3.) Issue an umbrella w/ his home carrier to extend liability to the 1 remaining location
Any reason this wouldn't work?
Source of insurance-forums.net
1.) Issue a USLI umbrella to extend coverage to 25 locations.
2.) Issue an umbrella w/ his auto carrier to extend liability to the next 4
3.) Issue an umbrella w/ his home carrier to extend liability to the 1 remaining location
Any reason this wouldn't work?
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