How a Safeco® umbrella policy works

A Safeco umbrella policy provides an additional layer of liability protection that can be used with any Safeco policy or a policy from another insurance company, including boat, motorcycle, all-terrain vehicle and snowmobile. It kicks in when the underlying or primary policy doesn’t provide sufficient liability protection.

A $1 million Safeco Umbrella policy, in most cases, is less than $200 for an annual policy.

Who could benefit from an umbrella policy?
Customers who:

Drive a car or let someone else use their car
Host dinner parties or other gatherings
Participate in carpools or other group activities
Own a home, rental properties or multiple residences
Have young drivers in their household
What instances use an umbrella policy?

Nearly 85% of Safeco’s payments on umbrella claims are related to auto accidents, and over the past 12 months, 30% of those claims involved a pedestrian, motorcycle or bicycle. Below are a few examples of recent claims, all of which required a payout of more than $1 million. That’s much higher than any auto policy limits, so consider what might be right for your customer as Safeco offers limits up to $5 million.

Customer hit gas instead of brake by mistake and ran through the front of a restaurant, seriously injuring several people.
Customer didn’t see a motorcycle and pulled out, causing the motorcyclist to hit the side of the customer’s car.
Customer’s car went off the road. The driver over-corrected, causing the vehicle to roll multiple times.
Customer’s son was allegedly driving under the influence and hit a bicyclist.
Customer accidentally set a fire in his apartment which spread to other units.

What makes Safeco a great choice for my customers?

Customers can select from $1 million to $5 million in additional liability coverage.
Safeco offers a “true” umbrella while many other carriers only offer an “excess” umbrella product. This means Safeco may cover other losses that otherwise would not be paid at all such as an auto accident in another country or libel or slander.
Safeco’s umbrella product is open peril, so if it’s not specifically excluded, then it’s covered!
Customers may be eligible for a discount on their homeowners policy when the umbrella is written with Safeco.

Most of my companies offer umbrella policies and I have companies who will write it as a stand alone policy. Call or email me for a quote!

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