Tip #4: Additional savings from Umbrellas

  • Why it matters: Many companies will increase their package discounts based on the total lines of business written on the package policy.

  • What you should do: Purchase at least $1,000,000 of umbrella (excess) liability and schedule your jewelry, fine arts or other valuables on a valuable items floater.

  • TIP: Agreed value for valuable items means that the insurance carrier pays the amount listed on the policy without negotiating the value at the time of loss.