In what year was the personal umbrella policy developed??

    
    
In what year was the personal umbrella policy developed??

And it says: Umbrellas did not become widely known and sold until the 1960s, and many businesses did not purchase their first umbrella policy until the 1970s. Worked in insurance for 10 years now.
Asker's Rating:
thanks so much

Other Answers (3)

  • It%26#039;s a fine question, but with thousands of companies out there free to develop their own products, I don%26#039;t know how you can determine which company was first and when.

    If I had to guess the company, I would guess the now defunct INA, who seemed to be an innovator.
  • Well, each company wrote their own, for ages! And now, most companies don%26#039;t write a personal umbrella - it%26#039;s a personal excess liability policy - much more limited in scope. agent, 21+ years
Answer Over!
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