How can I match the coverage periods of my excess and underlying personal umbrella policies?
Your excess personal umbrella policy will be issued with the same expiration date as your underlying personal umbrella policy. The premium for your excess personal umbrella policy will be equal to 90% of the premium for your underlying personal umbrella policy, subject to a minimum annual premium of $100 per $1,000,000 of coverage, pro-rated to the time your excess personal umbrella policy will be in effect (total premium on underlying personal umbrella policy multiplied by number of days from inception to expiration of excess personal umbrella policy divided by number of days from inception to expiration of underlying personal umbrella policy). This way, when you renew your underlying personal umbrella policy next year, your excess personal umbrella policy will have the same inception and expiration dates as your underlying personal umbrella policy. The shortest period for which Berkshire Hathaway Group can issue an excess personal umbrella policy is 90 days. If your existing personal
