Umbrella Insurance

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Help protect all the things you've worked so hard for

Life is unpredictable. As much as you plan, there’s always something around the bend that never crossed your worried mind. If the unexpected occurs, do you have enough liability limits to protect your family’s assets the way you want? If you were found liable for an accident, would your current liability limits cover the judgment against you? Could your assets be at risk? With a Personal Umbrella insurance policy from Farmers, you’ll have additional liability limits over and above those provided by your underlying policies*. Your assets, as well as your future earnings, are covered.

Umbrella Insurance Explained

To get a better sense of what Umbrella insurance is and how it would work, it helps to think about it in action. Say you’re held liable for causing a car accident with multiple vehicles. 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. 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. Could you need Umbrella insurance?

*Subject to policy terms, conditions, limits, and exclusions

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