Additional cost on umbrella policy for a boat? How much is reasonable?

[TiltonBB]

Originally Posted by Descant

BTW "Shopping" does not necessarily mean change agents. If you have Ford and you like it but want to see what's new, you start with your Ford dealer right?

If you expect the agent to be working in your best interest why would you "shop" with them? You would need other opinions and offers to find out if your agent is getting you the best deal. The agent that already has your business may not be as likely to work hard for you but a different agent hoping to earn your business might.

Many years ago I bought some rental houses and went into the local Allstate agent before each closing to get insurance. After about 10 years I shopped it around and another agent structured the primary policies and the umbrella differently and saved me about $1,200 per year. When I dropped the Allstate agent he called and said "I could have done that". When I asked why he didn't the conversation ended.

Your insurance agent works for commissions so it is more likely what they offer will be in their best interest than in your best interest.