Umbrella Insurance Without Properties Listed

[Brent Matson]

Hello.  I have 7 rental houses and am in the process of renewing my umbrella insurance policy.  An old policy I had listed each of the properties covered under the policy.  My new policy only states that I own 7 houses in Texas and itemizes the additional charge for that coverage but does not list the addresses of each house.  My insurance agent stated that lots of umbrella policies do not specify the properties covered but I would be interested in hearing other opinions.  Is there any reason to be concerned?

Thanks!

[Daniel Preston]

Licensed p/c agent.

Easy enough answer here...  As you already have an umbrella policy, just ask him to send you the policy form / endorsement that states the umbrella company does not need to list each property separate (or that blanket limits apply to non-specified dwellings).  Make sure he sends it to you in an email, and NEVER delete that email!

Now if he's wrong, you have his professional liability policy as backup for when coverage falls through.

He might be right in stating that every company is different, but any umbrella company I've worked with (on ISO forms - industry standard) states that you need to list the property as underlying for coverage to apply.