We’ve been getting a lot of questions about Commercial Umbrella Policies lately. Ed and Gina cover your FAQs. They discuss the current issues with Commercial Umbrellas, what to know about Risk Purchasing Groups (RPGs), when to expect Umbrella renewal quotes, and more.
00:00 What exactly is going on with Commercial Umbrellas?
02:03 Why can’t any carrier write an Umbrella?
02:50 What is a risk purchasing group?
04:08 Why is it difficult for a co-op or a condo to get a quote from a Risk Purchasing Group (RPG)?
05:50 Are there any RPGs available for condos and co-ops to get Umbrella quotes from?
07:05 Other options for Umbrella quotes
08:58 When can buildings expect Umbrella renewal quotes?
10:00 When is this going to end?
11:07 What can an insured do to assist in this process?
As always, contact us with questions anytime. We are here to help.