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Higher Limits & Additional Coverage Availability
In nearly all cases, higher limits and/or additional coverages are available to you as a policyholder upon request for most lines of business. While we endeavor to offer additional limits throughout our relationship on an annual basis, it is incumbent upon you as the client to relay any change in needs, exposures, and other risk characteristics that would necessitate changes to your current insurance program. Minimum Limits Policy At Blue Lotus Insurance Brokers, we strive to meet industry best practice guidelines with respect to minimum limits. We utilize the following minimum limit guidelines when you ask us to obtain a quote on your behalf: Commercial Lines Liability (All Types): $1,000,000 Hired/Non-Owned Auto: $1,000,000 Property/Inland Marine: 100% Replacement Cost Workers Compensation: $1,000,000 Umbrella: $1,000,000 Cyber Liability: $1,000,000 Personal Lines Auto Liability: $100,000/$300,000 (With UM/UIM) Homeowners – Liability: $300,000 Homeowners – Property: 100% Replacement Cost Umbrella: $500,000 You are not required to purchase coverage at these minimum limits, however if you opt to bind coverage at limits less than these standard minimum limits, you will be required to sign a waiver acknowledging that we are placing coverage, at your request, at a limit less than what is recommended. Blue Lotus Insurance Brokers, Inc. 4584 N. Rancho Drive, Las Vegas, NV 89130 |
