We are grateful for your input regarding the changes we have made to our Personal Umbrella product. As a result of your input, we are excited to let you know we are lowering our attachment points for the underlying automobile requirement.
Effective February 24, 2020:
- In Colorado, Connecticut, Indiana, Ohio, Michigan, Minnesota, New Jersey, Pennsylvania and Virginia, we will be able to offer our admitted product for most of our Preferred and Standard business with a minimum attachment point for the underlying automobile at $250,000/$500,000/$100,000
- If these underlying limits are chosen, the maximum limit we will offer on our admitted product is $1 million
- If higher limits are desired, the underlying automobile attachment point will need to increase to $500,000/$500,000/$100,000 or $500,000 combined single limit
- This change will also go live in North Carolina on March 23
- Renewals for CO, IN, MI, NJ, OH and VA will go live April 15
- Renewals for CT, MN, PA will go live April 25
- Renewals for NC will go live May 13
There will be no changes to our High Risk business in the above states
contact your Personal Lines underwriter or visit our Hit Zone Product Underwriting Guides. We will be inviting you to a series of webinars that will further explain these changes, and we hope you can join.
