Search found 860 matches

by patriciamgr2
Tue Jan 23, 2024 4:36 pm
Forum: US Chapters
Topic: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂
Replies: 429
Views: 43333

Re: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂

Dear Mr. Larimore: I have never met you in person, but you have had such an amazing impact on my financial life. I am always impressed with your thoughtful, common-sense approaches to issues. I admire the way you have lived your life: impressively serving our country, raising a wonderful family, helping so many people with your work here on the Bogleheads site; and enjoying life. Thank you for setting a very positive, civil tone on the site. Please accept my thoughts, prayers & very best wishes on this momentous birthday!!! Best Regards, Patricia Mg-er
by patriciamgr2
Sun Jan 14, 2024 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market
Replies: 46
Views: 4041

Re: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market

WoW2012
Just wondering if there was anything you could add to help me understand why you think this year's sizable premium increase (as Mass Mutual exits writing new LTC business) might be the last premium increase for me?
As always, I am grateful for any information you can provide. Kind Regards, Patricia MG-er
by patriciamgr2
Fri Jan 12, 2024 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market
Replies: 46
Views: 4041

Re: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market

WOW - I believe I understand each different policy series has its own claims experience. I'll double check with my state Insurance Commission to determine which groups were included in their rationale for the latest premium increase.
What I am still having difficulty understanding is why this would probably be my final premium increase. Believe me, I want that to be true! I'd appreciate more information on why you believe that is likely.

Thanks to all the Bogleheads who are taking the time to respond. I am very grateful.
by patriciamgr2
Fri Jan 12, 2024 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market
Replies: 46
Views: 4041

Re: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market

WoW2012 Thank you for taking the time to provide information; I really appreciate it. I'd like to explore one of your comments more--because it is the key point for me. You stated: " patricia: If healthy people decide not to renew & they're not selling any new policies, does that mean my premiums will rise faster in the future (despite my good health)? wow: No your premiums will not rise faster. In fact, this will probably be the only rate increase you ever receive. wow: why do you think healthy people would decide not to renew? it's a great policy, a great company, and even with the rate increase it is a great value. your policy can't be beat by anything on the market today. " WoW - if premium increases are approved because o...
by patriciamgr2
Thu Jan 11, 2024 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market
Replies: 46
Views: 4041

Re: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market

Thanks for the responses so far. I really appreciate the feedback.
by patriciamgr2
Thu Jan 11, 2024 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market
Replies: 46
Views: 4041

Re: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market

WoW2012: I am a resident of Nevada & was at the time of purchase. Thanks for any information you can provide.
by patriciamgr2
Thu Jan 11, 2024 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market
Replies: 46
Views: 4041

Mass Mutual LTC Policy: Premium Increases + Exit from Indiv Market

Sorry for another one of those "should I continue my traditional LTC insurance policy" questions. The premium increase in my state was 33% (after several years of no premium increases). I already considered this coverage fully priced, because it was purchased in 2019 after many of the industry-wide rate increases had been implemented. I was told Mass Mutual will no longer be selling the individual, traditional LTC policies, so my LTC agent no longer has a relationship with them. 1. How will Mass Mutual's decision to exit selling these policies impact on my potential experience for (i) future rate increases, and (ii) claims processing? If healthy people decide not to renew & they're not selling any new policies, does that mean ...
by patriciamgr2
Wed May 31, 2023 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

neurosphere: have you tried Stillwater for umbrella coverage? GEICO uses them for HO and renters' policies, but the GEICO agent won't quote Stillwater's rates on any coverage GEICO itself offers. [I don't have any experience with Stillwater's claims-paying experience.] I usually run my coverages past an independent insurance agent who is able to check with many insurance companies all at once. Good Luck.
by patriciamgr2
Wed May 24, 2023 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

You're wise, IMO, to have an independent agent quote you a package or just a replacement for the umbrella. good luck.
by patriciamgr2
Thu Apr 27, 2023 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Rudy5: I'd suggest asking an independent agent for stand-alone umbrella quotes from companies such as Stillwater. [GEICO won't offer information on coverages competing with their own offerings even from companies that they act as agent for renters, HO, etc.] IMPORTANT: I have no claims experience with Stillwater, so ask that independent agent for their opinions on any company they quote you. Good Luck.
by patriciamgr2
Wed Apr 19, 2023 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Mr. Rumples: Thank you for sharing your & your neighbor's experiences. Are you able to share with which company(ies) your new independent agent placed your new HO and umbrella coverage??? Were the premium levels comparable? Thanks in Advance for any information you can provide the rest of the group. I'm in favor of consumers having as much information as possible. Thanks, Patricia MG-er
by patriciamgr2
Wed Apr 19, 2023 2:21 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

I have been told that Stillwater (the company which writes my HO policy through an affiliation with GEICO) offers umbrella coverage at lower premiums. I have no personal claims experience with them however. [Online comments have criticized Stillwater's underwriting of HO for newly purchased homes--cancelling after getting property details so that homeowners need to scramble to get HO coverage in time for the closing, etc. I haven't seen any information on claims processing generally, though.]

Does anyone have experience with Stillwater on umbrella coverage??? TIA for any information. Patricia MG-er
by patriciamgr2
Mon Apr 17, 2023 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Thanks for sharing your experience. The percentage increases many of us are experiencing are surprising IMO.
by patriciamgr2
Wed Feb 08, 2023 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Rob5TCP: Thanks for posting your experience. 1. It's interesting that GEICO's umbrella will drop down to the more limited auto coverage you now have. That's good to know. Are the policy coverage limits still the same as your previous auto policy--and it's just priced lower because it applies only for rented or borrowed vehicles? 2. I was told that STILLWATER (from whom I get my HO policy through GEICO) also writes umbrella coverage. GEICO won't quote a competitor in a line they actually write (they don't offer HO), but apparently Stillwater is more reasonable than GEICO on its umbrella policies. I have never had to use my coverage, so I don't know about Stillwater's claims performance. I do note that there are online comments to the effect ...
by patriciamgr2
Sat Dec 10, 2022 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Thanks Boatguy - I appreciate the information.
by patriciamgr2
Sat Dec 10, 2022 10:02 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Surfinagin: Thanks for taking the time to reply. I appreciate the input. When you say you made changes after the premium increases, did you change carriers (if so, are you able to share to whom you moved your coverage) or just changes within the policy? TIA for any further information. Regards, Patricia
by patriciamgr2
Fri Dec 09, 2022 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

MtnTravel: Thanks so much for your feedback. I'd prefer to have all coverages under one roof too. I contacted an independent insurance agent who came back with the Stillwater quote which is almost 40% less than the GEICO quote. Their financial strength seems to be ok, but there are online complaints about homeowners' coverage (mainly Stillwater canceling policies because of physical attributes of the home)--which aren't relevant to an umbrella but which are concerning. It boggles my mind that a standalone umbrella quote is so much lower than GEICO's--unless Stillwater will raise the premium next year. I'm also verifying that the terms of the coverage are the same. Any experience/rumors/etc. from any Bogleheads concerning Stillwater on umbre...
by patriciamgr2
Fri Dec 09, 2022 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

My latest GEICO umbrella quote in Nevada went up about 30%. I'm told I'm in preferred tier & after I went back with a lower quote, the very polite agent said no better price available from GEICO.
An insurance agent is recommending Stillwater. That is the agency GEICO placed my renters' insurance with during the last few renewals. I have seen online complaints about their claim process.
Any thoughts/experience with Stillwater??? TIA for any input. Patricia Mg-er
by patriciamgr2
Wed May 11, 2022 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Time Runner: Thanks for sharing your recent renewal data.
by patriciamgr2
Tue Apr 26, 2022 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Involuntarily Transferring Original Medicare Participants to ACOs????
Replies: 25
Views: 3507

Re: Medicare Involuntarily Transferring Original Medicare Participants to ACOs????

Thanks so much for the responses so far. I personally am concerned because (like another poster) my primary care doctor is someone I rarely see because I do take responsibility to try to stay healthy. I visit an eye doctor several times a year, however. I paid up for original Medicare because of wanting flexibility to see providers if an issue arises when I travel in the US and because I don't want any limits on my care if I ever have a serious accident/illness. I don't want to get into any political issues, but I haven't seen much substantive disclosure from the CMS or otherwise (like AARP or KFF.org) of exactly how these ACOs will work once they are rolled out to all participants. I am encouraged that participants currently in ACOs seem t...
by patriciamgr2
Mon Apr 25, 2022 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Involuntarily Transferring Original Medicare Participants to ACOs????
Replies: 25
Views: 3507

Re: Medicare Involuntarily Transferring Original Medicare Participants to ACOs????

Thanks very much for the responses. Orlandoman & others who are in ACOs as part of traditional Medicare: my earlier question wasn't very clear. I apologize. What I'm interested in is whether, if you choose to see a provider outside the ACO group, (1) do you need to get the ACO's permission or a referral, and (2) if you go to someone outside the ACO, do the traditional Medicare/Medigap reimbursement rules apply? I wasn't asking about the 3-day rule re: skilled nursing home admission.
by patriciamgr2
Mon Apr 25, 2022 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Involuntarily Transferring Original Medicare Participants to ACOs????
Replies: 25
Views: 3507

Re: Medicare Involuntarily Transferring Original Medicare Participants to ACOs????

Thanks Orlandoman: If you chose to visit another provider (not in the ACO provider group) are you allowed to do that on a pay-for-service basis?
by patriciamgr2
Mon Apr 25, 2022 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Involuntarily Transferring Original Medicare Participants to ACOs????
Replies: 25
Views: 3507

Medicare Involuntarily Transferring Original Medicare Participants to ACOs????

I read an article on M* this morning which appears to state that participants in traditional (original) Medicare [which has operated as a pay-for-service plan] will be transitioned into Accountable Care Organizations (ACO) starting next year. All participants are expected to be transitioned into an ACO by the end of the decade. https://www.morningstar.com/articles/1088562/big-changes-may-be-coming-to-traditional-medicare?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=35745 The article raises the important point that with more physician groups being acquired by financial firms, there will be a strong profit-maximizing incentive for these ACOs. I am a current low utilizer of medical services w...
by patriciamgr2
Fri Apr 15, 2022 9:32 am
Forum: Personal Finance (Not Investing)
Topic: [Cashed-in EE bonds - How are taxes handled?]
Replies: 16
Views: 1821

Re: [Cashed-in EE bonds - How are taxes handled?]

Thanks so much for the prompt replies! Patricia
by patriciamgr2
Fri Apr 15, 2022 12:05 am
Forum: Personal Finance (Not Investing)
Topic: [Cashed-in EE bonds - How are taxes handled?]
Replies: 16
Views: 1821

Re: [Cashed-in EE bonds - How are taxes handled?]

Sorry for resurrecting this older thread, but I have a basic question on Taxation of EE Bonds which I didn't see answered elsewhere. I have electronic EE savings bonds at TreasuryDirect.gov. They were converted from paper bonds, issued in 10/1992 which each had a face value of $5K but which I believe were purchased for $2.5K each. The TD page lists bond as $5K, and market value as $20,328. Is it possible the basis was increased when they were converted? --I can't see any reference to what I think was the original purchase price on TD documents from the conversion or now. 1. What will my 1099 show as interest when each bond is redeemed (which I understand happens automatically at TD)? 2. Does the "Bonds for Education" program still...
by patriciamgr2
Mon Apr 11, 2022 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Oh OK logiclife. I read Jane1's comment as Electric offering umbrella coverage while auto coverage was obtained from another carrier. Thanks for your clarification.
by patriciamgr2
Sun Apr 10, 2022 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

I think Electric Insurance (which I have read was started in the 60's to provide coverage to GE employees) is still owned by GE Capital. Apparently it has an "A" rating from AM Best. Glancing at the website, it looked as if the auto insurance was pricey. If they offer standalone umbrella coverage, however, I will look at them during my next renewal. Part of the reason I've kept GEICO on is because it's hard to find umbrella coverage unless you move your home/auto policies to the provider as well. This is an interesting alternative I personally had not heard of before. Thanks for all of the responses sharing your experiences. It makes all of us better consumers.
by patriciamgr2
Wed Apr 06, 2022 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Thanks, Bogleheads, for sharing your experiences with GEICO and Amica. Please let us know which insurer you decide to place your coverage with, FBM. Also, did your Geico price increase also come with new policy language? TIA for any information you can share.
by patriciamgr2
Sat Nov 27, 2021 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Excellent numbers, Bungo. Thanks for sharing that.
by patriciamgr2
Sat Nov 27, 2021 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

I think it's always a good idea to shop insurance periodically. Not all carriers offer umbrella coverage unless you switch your underlying coverage too--but it's worth checking. If you don't mind, please consider posting your findings. Sharing information like this makes us all better consumers.
by patriciamgr2
Sat Oct 30, 2021 6:24 pm
Forum: Investing - Theory, News & General
Topic: Any rumors about a non-SOE version of VWO??
Replies: 4
Views: 1203

Re: Any rumors about a non-SOE version of VWO??

Thanks for sharing your expertise. I really appreciate the thoughtful input! Happy Halloween all. Regards, Patricia
by patriciamgr2
Tue Oct 26, 2021 2:26 pm
Forum: Investing - Theory, News & General
Topic: Any rumors about a non-SOE version of VWO??
Replies: 4
Views: 1203

Any rumors about a non-SOE version of VWO??

I would prefer an attractively-priced emerging market index which excludes State Owned Enterprises. I know Wisdom Tree has an XSOE ETF, but I was wondering if there were any rumblings that Vanguard was considering an ex-SOE emerging market fund. On a slightly different topic, I noticed the iShares emerging market ETF now has an ex-China version--any chance Vanguard will follow? Thanks for any thoughts. Patricia MG-er
by patriciamgr2
Fri Jul 02, 2021 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Absolutely no claims against umbrella. I personally have never had a claim where my insurance had to pay out on ANY of my policies (other than one tow) for over 4 decades; back then, it was a claim on H/O policy for an off-premises jewelry theft. But, I know a couple who had to access their umbrella in a car accident case where the other party was seriously injured. Given the costs of long-term rehab/assisted living, those judgments can be large. If people have assets that can be accessed to satisfy a judgment, I still think umbrella coverage makes sense (although it's possible I've been brainwashed by the industry) It used to be so inexpensive--it felt like a no-brainer. YMMV
by patriciamgr2
Thu Jul 01, 2021 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 275
Views: 56308

Re: What to do when a parent's money runs out?

I provided some support to my parents and was honored to be able to do that after each of them spent their entire lives working (at a job or at home) for our family. But, I didn't have children of my own and I had been able to contribute to retirement accounts. McCharley: I'm so very glad your mother is able to make some habitability repairs with help from state programs--I'm sure it makes a real difference in her comfort. Good reminder for all of us to encourage seniors we know to check on what help might be available in their local area. Dennis!: If you know for sure that your parents still need your money, then I agree with your approach. I've seen situations, however, where support from one child was being funneled to non-working relati...
by patriciamgr2
Thu Jul 01, 2021 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

That's interesting about RLI. I know GEICO has been referring out homeowners'/renters' insurance to Travelers, Clearwater, etc.--I didn't realize they were doing that for umbrella coverage too. I hope the rates are better. I think of RLI as being a smaller insurer (I know the name from surety bond issuance). Please share your experience if you purchase your umbrella coverage from RLI.

Again, thanks to everyone for taking the time to share your experience. It makes us all better consumers. Regards, Patricia Mg-er
by patriciamgr2
Thu May 13, 2021 1:40 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

It's great that so many people are experiencing small (if any) increases. That had been my experience with my GEICO umbrella for over a decade in my state until this most recent renewal. Thanks again to everyone for taking the time to share your experience. If you're comfortable sharing your state, that may be helpful to others as well (I was told that statewide rates had increased when I pointed out that I didn't present risk factors).
by patriciamgr2
Sun May 02, 2021 2:09 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Yes - the bizarrely large percentage increase in my Nevada premium (and I am also someone who wouldn't appear to pose much underwriting risk either) is what prompted me to post in the first place. OTOH, Flobes' increase was in line with what I had experienced for many years--a miniscule premium increase. I don't know what state Flobes is in. Another poster noted that GEICO was playing "catch up" with premiums in some states. In any event, thanks to all for posting your experiences. We'd all love to learn of any experiences from shopping the coverage around. Regards, Patricia MG-er
by patriciamgr2
Thu Apr 22, 2021 9:59 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

I'd like to repeat my earlier thanks to Forum members for sharing their renewal experiences. It helps each of us to be a better consumer. Thanks for taking the time--I know how busy everyone is. Kind regards, Patricia MGer
by patriciamgr2
Sun Apr 04, 2021 7:14 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads on Investing" podcast transcripts are becoming available
Replies: 65
Views: 13260

Re: "Bogleheads on Investing" podcast transcripts are becoming available

Many thanks for all of the work being done to provide these transcripts! I am always in awe of the incredible work Bogleheads do for our community of individual investors.
by patriciamgr2
Thu Apr 01, 2021 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Talzara wrote about the rationale for GEICO price increases. Do you, or anyone else, know what the rationale was for the significant changes in policy language that we experienced here in Nevada? TIA for any information
by patriciamgr2
Tue Feb 23, 2021 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

As noted in my earlier post, I experienced a huge increase in my umbrella premium in Nevada as well. I had no claims under auto, home or umbrella policies and have been a customer for years. I want to point out that, in my case, the Nevada terms and conditions changed substantially at the same time the premium increased--IMO resulting in less coverage in many situations. If you have a GEICO renewal, I suggest you look at any policy changes as well. Good luck to us all in finding better coverage. Regards, Patricia MG-er
by patriciamgr2
Tue Dec 29, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

I should mention in my state, GEICO's umbrella does not cover Uninsured Motorist. I have 1 home, 1 car, no other persons driving & no recent claims (no at-fault accidents ever--I think--under my GEICO auto). I remain mystified by the doubling of the premium after years of smaller increases.

I tried getting higher limits on my GEICO auto & that didn't work. My agent is looking at that strategy when shopping for new coverage, however

Thanks for the valuable information.
by patriciamgr2
Mon Dec 28, 2020 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Again, many thanks to all who have posted & shared their experience. As consumers, it's helpful to see comparisons. Thanks & Happy New Year to all Bogleheads & their families. Best Regards, Patricia
by patriciamgr2
Fri Dec 25, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Mighty72: that was the sort of increase I had been paying on my umbrella in recent years until the big jump in December 2020. I'm in Nevada--so this may vary by state.
by patriciamgr2
Wed Dec 23, 2020 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Wow - that's a huge savings.
As to the comment about RLI, is the GEICO umbrella policy written in that firm's name? [My HO policy--while placed through GEICO--was written on either Travelers or Stillwater. But the umbrella always seemed to be written as if GEICO was insuring it. I don't know if they reinsured with another firm of course.]

Thanks again to everyone who responded.
by patriciamgr2
Tue Dec 22, 2020 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

In Nevada, it appears that GEICO writes its own umbrella coverage--but it uses others for homeowners (Traveler's, Stillwater). Your quotes are much better than Nevada's. My $2MM which had been $277 was quoted for renewal at $480 (without any claims or changes in rating factors). This was after a decade of only small percentage increases.
by patriciamgr2
Mon Dec 21, 2020 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

GEICO said they are instituting premium changes nationwide (per a comment to me when an Umbrella department supervisor called me--not a public statement by management). My agent is shopping umbrellas at other providers. I have asked my state insurance department for access to the documents GEICO filed to support the premium increase. In Nevada, I was particularly annoyed that the almost-doubling of the premium was accompanied by what appear to be significant changes in coverage. No one at GEICO is willing to answer questions about what the language changes mean, because "only the lawyers can respond to questions on coverage and the lawyers don't answer hypothetical questions". The entire experience has been bizarre. I purchase umb...
by patriciamgr2
Wed Dec 09, 2020 12:43 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 247
Views: 43931

Re: GEICO Umbrella: Significant Increase in Premium

Thanks to all who have responded. It's always helpful to have reference points. Best Wishes. Patricia MG-er