PersonalUmbrella.com of Emeryville, Calif., announced that American Alternative Insurance Corp. (AAIC) will be the insurer of its online personal umbrella program. AAIC is a subsidiary of Munich Re America Corp. and an affiliate of Munich Reinsurance America Inc. The company has earned an “A+”, XV rating by A.M. Best. Additionally, AAIC is an admitted insurer in all 50 states and the
District of Columbia.
“A key part of the decision to partner with AAIC was its financial strength,” said Mike Bradley, president of PersonalUmbrella.com. He noted the partnership will provide the following benefits for brokers:
- Valuable coverage enhancements, such as no aggregate limit for personal liability losses;
- Improved claims handling;
- Maintaining convenient business procedures, such as three-minute
online quoting, no paper applications or MVRs; and - A seamless transition from the company’s existing insurer with no new application required.
The new partnership is active in most of the areas in which the PersonalUmbrella.com program is available, including Alabama, Arizona, Arkansas, Colorado, Connecticut, District of Columbia, Delaware, Iowa, Indiana, Illinois, Kentucky, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, New Jersey, North Carolina, North Dakota, New Mexico, Nevada, Pennsylvania, Ohio, Oklahoma, Rhode Island, Tennessee, Utah, Virginia, Washington,
Wisconsin and Wyoming.
For information, visit www.personalumbrella.com.
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