Legacy Risk Solutions, LRS, serves as the independent gatekeeper of their client's risk management and insurance program.
Generation 1 and Generation 2 were discovered to be purchasing variable umbrella/excess limits, from $5,000,000 to $50,000,000. A proposal for a Group Excess program was negotiated with the family's insurance agent. The result: significantly increased all G-2 limits for a lower cost than everyone was paying for their individual limits. The proposal evalution criteria included:
1. Each family to be provided their own dedicated $50,000,000 excess limit.
2. The offer had to be flexible, allowing individual family members to maintain their underlying primary homeowners with an insurer other than the insurer offering the Group Excess policy.
3. Each family member's existing umbrella or excess policy was to be compared to the group excess policy form.
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