Umbrella Insurance

Life is unpredictable, and as much as you plan, there’s always something around the bend that never crossed your worried mind.

With a Personal Umbrella policy from Farmers, you’ll have additional liability limits over and above those provided by your underlying policies

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, 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.

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

This brief summary is not a policy document. Please read the actual policy documents for your state for important details on coverage, terms, conditions, limits, and exclusions. If there is any conflict between this summary and the policy documents, the policy documents will control. Not all products and discounts are available in every state.

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