Information You Will Need When Purchasing an Umbrella Policy:
- First Name,
Birth Date,
Sex,
Marital Status,
Years Licensed,
State Licensed, and
Occupation of all drivers in your household.
- Violation and Accident information for the last 5 years of all drivers in your household.
- All the property you own including: Home, Auto, Watercraft, Recreational Vehicles (RV's), Rental Units, Land, and Motorcycles.
- Information about your current insurance company including: Expiration Dates and Losses and Claims in the past 5 years.
- The liability limit you are requesting which is typically 1-5 million.
Questions Typically Asked by the Insurance Agent When Purchasing an Umbrella Policy:
- Besides your auto, do you own any other motorized vehicles like motorcycles or mopeds?
- Do any drivers in your household have mental or physical impairments?
- Are you in the farming business?
- Do you have any employees at your residence?
- Are you caring for any property that is not your own and it exceeds $1,000?
- Are there any business activities conducted at your home or in any property that you own?
- Do you have any non-owned business or professional endorsements on your current insurance policies?
- Do any of your current insurance policies have reduced liability limits or exclude coverage for specific events?
- Within the last 5 years, have you been denied insurance coverage or been canceled or not renewed?
- Are there any drivers on your current insurance policies under the age of 25?
- Do you own, lease, or charter an aircraft?
- Do you use your property, vehicles, watercraft, or aircraft for business?
- Do you have any vehicles, watercraft, aircraft, or property that is owned, hired, leased or used on a regular basis that is not covered by insurance?
