Can I get an umbrella policy for my home, rental houses, cars, etc if my lenders require insurance e

Tips and Deals Forums Home Insurance Can I get an umbrella policy for my home, rental houses, cars, etc if my lenders require insurance e

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 10 months ago.

  • Author
    Posts
  • #354038

    Anonymous

    I am in the process of purchasing my 3rd home, and will add my retain my current residence as a rental property. I also rent out my first home. I am interested in the benefits of an umbrella policy in this situation. Will my lenders even allow this if they are currently making me contribute to an insurance escrow account? What are the general pros and cons of getting an umbrella policy in this situation? Is it less expensive, do you get better coverage, etc? If I include my vehicles under the umbrella policy and have a car claim will my homes then get insurance blacklisted like they do if you make a homeowners insurance claim? Thanks!

You must be logged in to reply to this topic.

Register New Account
Reset Password