Mercury Insurance is introducing a new personal umbrella insurance policy for Californians that is designed to offer extra protection with bolstered coverages as the company notes that bodily injury payouts continue to climb year over year since the pandemic started with the average amount for a liability claim increasing by 66%.
Features of Mercury’s new umbrella policy, which reportedly begin at less than $1 a day, include:
- Umbrella policies are now available on Mercury’s web-based rating platform, AgentCenter.
- Mercury policyholders can save with multi-policy discounts across their auto, homeowners and umbrella policies.
- A 5% discount is given if all drivers on the Mercury policy have no losses or accidents during the last three years.
- Uninsured motorist coverage of up to $1 million in the event of an accident caused by a driver who does not have insurance.
- Policyholders can increase their liability coverage from $1 million to $5 million, depending upon policyholders’ coverage needs.
Mercury Insurance is a multiple-line insurance carrier offering personal auto, homeowners, and renters insurance directly to consumers and through a network of independent agents in Arizona, California, Illinois, Georgia, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury also writes business owners, business auto, landlord, commercial multi-peril and mechanical protection insurance in various states.
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