Geico Umbrella Insurance is not covering 5th rental and beyond

[Bhanu P.]

Hello BP members,

Thanks for your help in advance and recently we closed on rental property # 5.

- We (my spouse and I) live in Texas

- We do have Auto/Personal Home/Umbrella insurance through Geico.

- All rental homes insured through UPC insurance.

Issue: When I called Geico to add my 5th rental policy on Geico umbrella insurance, i was told that Geico will allow a maximum of 4 rental properties to be added on Umbrella policy.

Question: What have you done for the umbrella policy coverage on 5th property and beyond?

[Jason Bott]

@Bhanu P. , @Kimberly H. is correct.  Most personal lines Umbrella have a limit of 4-6 rentals.  You need to move to a commercial Umbrella.  These policies do not have a limit to the # of units or locations.

Annual premiums for $1M start at $350 per year.