We place Personal Umbrella policies for Allstate Agents. This is a policy that is excess liability over the insured's Personal Auto, Boat, Homeowners' or other policies providing liability coverage.
The umbrella policy will be placed providing limits from $1,000,000 to $5,000,000 for your personal insurance clients.
Northwest Insurance Agency, Inc. has been approved by Allstate Insurance Company to provide this coverage for its Agents. All requests or questions regarding the placement of this business or ongoing endorsements must be done through Northwest Insurance Agency, Inc.
The Personal Umbrella Product is an unsupported product meaning the insured does not need to place their underlying coverages (auto, homeowners, watercraft) through Northwest.
Uninsured and Underinsured Motorists coverage is not available except in the states where we have been mandated by law to offer this coverage for an additional charge. Those states are: Florida, Indiana, Louisiana, New Hampshire, West Virginia, and Vermont. The self-insured retention for drop down coverage areas is $500 ($1,000 in Texas). There are three rating tiers: Preferred, Standard, and Standard II which are determined by the insured's exposures (i.e., number of vehicles, number of residences, etc.)
The PUP is an excess liability policy which provides coverage in excess of the underlying policies' coverages, subject to exclusions listed on pages 3 and 4 of the policy provisions. It is vital the agent make sure the insured is carrying the minimum required limits of liability on their underlying policies to avoid a gap in coverage should a loss occur and to avoid a potential E & O exposure for themselves. The application, rate sheet and production guidelines outline our minimum required underlying limit requirements:
The insured must have at least 1 Allstate policy (auto or home).
Umbrella limits must match those of the underlying policy. For example, if the auto is $250,000/$500,000, then the umbrella will need to be the same.
