If you were found liable for an accident, would your current liability limits cover the judgment against you, or could your assets be at risk?
With a Personal Umbrella policy, you'll have additional liability limits over and above those provided by your underlying policies.(1) Your assets, as well as your future earnings, are covered.
Help protect all the things you've worked so hard for, with excess liability limits and expanded coverage.
Say you're held liable for causing a car accident with multiple vehicles, and the cost to cover the damages and injuries is $650,000. However, the liability limits on your Auto policy are only $500,000.
In this case, your insurance would pay only $500,000 for the entire accident, and you would be responsible for the remaining $150,000 out of your own pocket!
With a Personal Umbrella policy, however, you could extend your liability limits beyond the maximum provided by your underlying policies. In this case, an Umbrella policy would provide liability limits above the $500,000 limit of your Auto policy, up to the limit you choose for your Umbrella policy (typically anywhere from $1 million up to $5 million in coverage). In other words, you wouldn't be left paying the remaining $150,000.
Besides providing increased liability limits, a Personal Umbrella policy can fill gaps in your coverage with added benefits, such as:
We understand that you need the right amount of coverage, at the lowest cost, with a reliable carrier! You also need an insurance agent who is your advocate–whenever needed. We are that caring, professional, hardworking team, the one that's on your side–to help you protect your business.
(1) Subject to policy terms, conditions, limits, and exclusions.
Have a question about umbrella insurance? Fill out the form below and we will get back to you within 24 business hours.
Corrin Blogs Insurance
Always ahead of what’s going on in the insurance industry, Corrin Trowbridge makes insurance interesting and easy to read.
Business Insurance With Many Options
Some insurance is required by law and some by business associates, such as lenders and landlords. Obtaining the right type and amount of Business Insurance for buildings, personal property, business income, Workers' Comp, business auto, or key personnel will help you avoid gaps in coverage where you need it most. Umbrella Insurance can shield you and your business from potentially ruinous lawsuits with additional liability coverage.
Provide The Foundation For Your Future
Farmers Financial Products can help with important investment decisions, tax-advantaged strategies and consolidating your various financial accounts–to protect, save and build wealth.
Pet Insurance, Now Available!
Protect your pet’s health and get 5% off pet insurance from Pets Best, a special offer for Farmers customers. Plans from $19 /month. Bow-Wow!
Forms and Phone Numbers
Insurance Brochures and Tipsheets