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About Kristen Mulcahy, CIC
Expertise
My specialty is commercial insurance for business owners. I can answer questions regarding liability, property, auto, workers compensation, directors and officers, umbrellas and risk management for all types of businesses. Risk management or loss control, is taking measures to reduce the chances of a loss in the first place or, helping you prevent it from happening again. Insurance can be complicated and confusing and there are no stupid questions! I own a Risk Management company in New England that provides insurance consultations to business owners and sight inspections for insurance companies.

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Property & Casualty Insurance - umbrella insurance

Expert: Kristen Mulcahy, CIC - 11/1/2009

Question
A person has rental properties in GA, NC, IN, OR and CA. Does the person buy business or personal umbrella insurance policy? Which insurance company issue policy and pay claims in those states under one umbrella policy? Many thanks for your professional knowledge.

Answer
Ivan;

Easy question! Unless this person is actually living on the property, it's business insurance. And, this person would only buy an umbrella if there is a primary, underlying policy in place first. Lastly, an insurance company that's licensed to do business in all of those states would have to be used.

Good luck!
Kristen

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