Looking for insurance product options for multiple properties

[Cameron J.]

We currently have an umbrella policy which covers our primary and 4 investment properties. We are going to be closing on two additional investment properties soon and the company that writes our umbrella insurance policy is telling us that the limit is 5 properties.  Im curious to know if anyone else has run into this issue or if its specific to the company we use?  Also, if this is a common issue, we are looking for suggestions for other insurance products that will provide additional liability coverage above and beyond the coverage the hazard policy will cover on each individual property.

Thank you!

[Nicole W.]

I have 11 rentals and State Farm handles all the policies (300,000 business liability each) in a 1mm Commercial policy (no limit to # of rentals in it). 

I used to use Markel Insurance as they also have a no limit for rentals for their umbrella. They were the most economical when my house was considered in a fire zone and I needed a non conforming type insurance co.

But now my primary home is no longer considered in a fire zone per State Farm, so by bundling my home, my vehicles, a personal umbrella and the commercial umbrella with them, believe it or not they came out the lowest and I did call quite a few others.

I talked to some roofers who advised me to go with State Farm as they are the fastest and best at replacements as well. I have used State Farm for underlying for a little under 20 yrs and they also came out with the lowest quotes. I have had to use them twice in natural catastrophes and had zero problems, fast service with good results.

I do not work for either of these places.