With changes in the Personal Lines marketplace, RLI takes this opportunity to remind you that RLI has required and continues to require MINIMUM LIMITS OF LIABILITY coverage to be maintained as a condition of coverage. For Personal Liability exposures, those requirements are set forth below and can be found in applications, renewal applications and the policyholder declaration pages:
$300,000 per occurrence Homeowners or Comprehensive Personal Liability or Farm Owners Liability (where applicable) on Primary Residence;
$300,000 Premises Liability or Comprehensive Personal Liability on Seasonal, Secondary or Rental Properties;
$100,000 Combined Single Limit per occurrence for unlicensed Recreational Vehicles not covered by a Homeowners or Personal Liability policy.
The failure to maintain these MINIMUM LIMITS OF LIABILITY coverage can either result in a significant gap in coverage or, in some instances, completely negate coverage under the Personal Umbrella Liability policy.
Please continue to be mindful of these requirements and urge your insurance producers to be aware of them as well, paying particular attention to the language contained in Part III What We Will Do and Part IV What Is Not Covered—Exclusions.