UM/UIM Coverage on Umbrella

    Posted by MAIA on May 17, 2019 12:01:00 AM


    This question was answered based upon current rules, regulations & statutes in effect on May 1, 2019

    I have an insured that is inquiring about UM/UIM coverage on umbrella policy.

    He currently has his limits maxed out on his auto policy but he wants more coverage!

    His friend was in an accident with a driver that had state minimum coverage and I guess his limits were not very good either. His friend now has over $500,000 in medical expense and apparently his lawyer is telling him there is nothing they can do as she works a minimum wage job & has no assets. Now he is afraid this will happen to him.

    My question to you is, from what I am finding none of the standard market carriers offer this coverage/endorsement on the policy.  We have found an excess carrier (USLI) that offers the coverage for a very low premium however the premium for the umbrella itself is over double what he is paying now.

    Can you please advise what you know about this coverage/endorsement on an umbrella policy? 

    My understanding of an umbrella policy was to protect you when you are liable, not to protect you when someone else is?

    I have done some research and found it is offered in other states, but found nothing on MA.

    I would appreciate any information you could provide!

    Have a great day


    Irene Morrill:  I am a HUGE fan of buying UM/UIM in the PUP.  I live in NH and it is a required offer and I purchase it.  I asked the RLI department at MAIA and they said it is available in the RLI policy …for a fee

    I think I have “heard” that does also but I can’t guarantee it or what else the policy does or doesn’t do. 

    This document is not a legal opinion and should not be relied upon as such. The intent of this document is to provide a general background regarding the topic or topics discussed, not to provide legal advice. Producers and agencies should consult an attorney regarding specific situations and specific questions with respect to the topic or topics covered in this document. Neither the Massachusetts Association of Insurance Agents, Number One Insurance Agency nor any of its employees shall be responsible for any errors or omissions regarding any statements made in this document, nor any errors or omissions regarding any statutes, regulations, court rules, and/or any other government documents cited in this document.

    Topics: Personal, 2019

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