Alternative Market - Monarch / A&M
Our increasingly litigious society has created new and complex exposures for individuals. Anderson & Murison's Primary and Excess Umbrella Liability insurance is designed to help mitigate the significant liability risks individuals face every day.
- Limits up to $10 million available
- Will consider high profile personalities such as elected officials, athletes, media personalities & entertainers
- Offers up to $2M UM coverage (except CA)
- Auto limits of $250,000/$500,000/$100,000 acceptable for clean drivers
- $25,000 of Identity Theft coverage available
- Zero self-insured retention
- Direct Bill available
- LLC / Trust / Estates can be listed as additional Insured
- AM Best Rating of A - Excellent, Financial Size Category XV
Target Market & Eligiblity
Clients with substantial assets, or high current and future income need high limits of liability protection. Homeowners and Automobile Liability policies are often inadequate in providing necessary protection against catastrophic liability claims.
The Anderson & Murison Personal Excess Policy (A&M PEP) is a stand-alone personal umbrella policy that has been designed to meet the diverse needs of your insureds. Anderson & Murison, Inc. represents carriers as the national administrator of the Personal Excess Policy. A&M has underwriting and policy issuance authority and as such, is your connection to both the primary Personal Excess Policy and the excess Personal Umbrella Policy.
Underlying Requirements
| Automobile Liability | $500,000/$500,000/$100,000 OR $500,000 CSL (including but not limited to ATV'S, motorcycles, mopeds, snowmobiles, and motorhomes). For an additional premium, a reduced underlying limit of $250,000/$500,000/$100,000 or $300,000/$500,000/$100,000 may be considered subject to underwriting guidelines.
Antique autos (25+ years old) and golf carts where liability is extended from the CPL coverage may have underlying limits of $300,000 CSL for additional premium. | | Uninsured/Underinsured Liability | For $25,000 limit, underlying coverage must be present. For increased UMBI limits, the underlying limit must match the underlying BI liability limit. | | Comprehensive Personal Liability (CPL) or Homeowners | $300,000 CSL
FL non-admitted will allow CPL of $100,000 CSL for approved underlying carriers and additional premium per location.
| | Watercraft (less than or equal to 350 horsepower) | $300,000/$500,000/$100,000 OR $300,000 CSL
Watercraft (over 350 horsepower)
$500,000/$500,000/$100,000 OR $500,000 CSL | | Vacant Land | $300,000 CSL
FL non-admitted will allow CPL of $100,000 CSL for approved underlying carriers and additional premium per location. | | Rental Units | $300,000 CSL
FL non-admitted will allow CPL of $100,000 CSL for approved underlying carriers and additional premium per location
|
Coverage Highlights and Availability
Both the primary umbrella product and the excess umbrella product are currently available in all states.
Members in AK, CA, HI, OR, and WA should contact their state association for applications and rates.
Primary Personal Umbrella Policy
Policy Features: - Limits up to $10,000,000 available
- Motorcycles, ATVs, snowmobiles & personal watercraft okay
- Residential farms are usually acceptable
- Coverage for vacant land, apartment units & rental units
- Entertainment, sports & political personalities are acceptable with special rating
- Offers up to $2M UM coverage (except CA)
- Auto limits of $250,000/$500,000/$100,000 acceptable for clean drivers
- $25,000 of Identity Theft coverage available
- Worldwide Coverage
- Direct Bill available
- LLC / Trust / Estates can be listed as additional Insured
- AM Best Rating of A - Excellent, Financial Size Category XV
Excess Personal Umbrella Policy
Use this policy in combination with the primary umbrella policy to provide very high limits of coverage for very low premiums!
Policy Features:
- $1, $2, $3 $4, $5 million limits in excess of underlying umbrella
- Entertainment, sports & political personalities are acceptable with special rating
- Worldwide Coverage
Contact
| |