Program Spotlight RLI Personal Umbrella Policies Life can change in an instant. A personal umbrella insurance policy (PUP) helps protect your clients against the unexpected events that can wreak havoc on their family, finances, and their future. What is Personal Umbrella Insurance? Personal umbrella protection is a low-cost insurance policy that picks up where the liability coverage included in a personal auto and homeowners policies leaves off. Offering clients a PUP is not only a great opportunity to provide them with more complete coverage, but it can also protect you and your agency from E&O liability.
Coverage Details With RLI's PUP program – endorsed and administered by Insurors – the insured can maintain their auto or home coverage with any company they choose, provided they agree to maintain the mandatory minimum underlying coverage limits. See application for underlying coverage limit. The RLI PUP program provides the best protection for the insured and their family. The policy may be written either in the name of an individual, in the names of both spouses, or in the names of two unrelated individuals as long as they reside in the same household. The insureds spouse and members of the insureds household who are relatives or are in the insureds care and custody are insured under the policy. • • • • •
$1 to $5 million in additional insurance Backed by a financially secure, A+ by AM Best-rated company You can keep your current homeowner/auto insurer Immediate coverage available in all 50 states plus D.C. New drivers accepted – no age limit on drivers
The Tennessee Insuror
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Help Your Clients Protect Their Assets
Up to one DWI/DUI per household allowed Auto limits as low as 100/300/50 in certain cases
Eligibility The applicant qualifies through a series of questions on the self-qualifying/ underwriting application. Refer to application for the underlying limits requirements. *Do not count antique/classic/collectible autos, as these are counted separately on the application. Up to 25 are permissible. The rating structure is designed to offer reduced premiums to your clients with lower levels of exposure.
Writing Your First PUP Ready to get started writing PUPs for your clients? Here are the steps to get started: 1. Visit https://www.insurors.org/IOT/ Products_and_Services/RLI_PUP. aspx 2. If you would like a preliminary quote, complete the self-explanatory application at the Online Quoter. 3. If your agency needs to be set up as an RLI subproducer, use the info below to contact the Tennessee RLI Administrator, Stephen Holmes, for quick and easy instructions. 4. Once you have printed the completed application and verified that the risk qualifies for a policy, follow the submission Helpful Hints and submit the app. 5. Do not send applications and premiums to IIABA or RLI directly. Instead, contact Stephen with any questions.
Tennessee Contact Stephen Holmes, CPCU, CIC, CISR Director of For-Profit sholmes@insurors.org 615.515.2608 About RLI Corp. RLI is a specialty property and casualty insurance and surety bond company. They help people and companies safeguard their assets by partnering with them to navigate the world of insurance and risk. RLI is not what you’d expect from an insurance company. From their products to their business model, the culture to the results — they’re different. And they find that doing the unexpected is one of their greatest strengths. RLI believes that in order to deliver strong financial results, they must also remain a sustainable organization. They are committed to continue integrating sound Environmental, Social and Governance (ESG) principles into their business, and their approach to sustainability reflects their focus on doing the right thing – for customers, employees, communities and the environment.
Need more help getting started? Contact Stephen Holmes, CPCU, CIC, CISR at sholmes@insurors.org or call 615.515.2608. u 37
