Umbrella Insurance- Do You Use A Different Insurance Provider?

[Zander Kempf]

If you have standard landlord insurance on your individual properties, and want to put on an umbrella insurance policy, is it better to use a different provider to "diversify" coverage? Potentially if your initial policy doesn't cover something then there's a chance that your umbrella policy will?

Alternatively, is it better to use the same provide so the stacked policies fit together better?

[Jon Kelly]

@Zander Kempf As @James Mcsweeney said, it's best to go with an insurance broker that has access to numerous insurance markets. It shouldn't matter if you have the same or different insurance companies for the landlord or umbrella policies. You can ask for an umbrella policy that will "drop down" and provide coverage if the underlying landlord policy denies coverage. Just be sure to go with financially stable insurance companies that have a good reputation for customer service and paying claims.