Mercury Systems Launches Personal Umbrella Insurance in Nevada Amid Rising Liability Claims
- Mercury Insurance introduces personal umbrella coverage in Nevada to address rising liability claims, which increased by 35% since the pandemic.
- The policy protects assets from unexpected accidents and is affordable, starting at just over $1 a day.
- Mercury offers multi-policy discounts and emphasizes the importance of umbrella insurance to mitigate potential financial fallout from accidents.
Mercury Insurance Expands Personal Umbrella Coverage to Nevada Amid Rising Liability Claims
Mercury Insurance rolls out a new personal umbrella insurance policy in Nevada, responding to a notable increase in bodily injury claims which have surged by 35% since the onset of the pandemic. This new offering is designed to protect individuals’ assets from the growing financial risks associated with unexpected accidents, such as multi-vehicle collisions and dog bites, which often exceed the limits of traditional auto and homeowners insurance policies. Starting at just over $1 a day, the policy aims to provide an affordable safety net for Nevadans, reflecting Mercury’s commitment to addressing the evolving needs of its customers.
Nick Colby, Vice President and Chief Sales Officer at Mercury Insurance, highlights the importance of umbrella insurance in today’s climate, where the costs of accidents can swiftly escalate. He notes that many individuals underestimate the potential financial fallout from incidents that lead to significant liability claims. Colby emphasizes that having an umbrella policy is essential to mitigate the risk of substantial out-of-pocket expenses that can arise from such unforeseen events. The recent introduction of this coverage in Nevada marks the eighth state to receive this expanded insurance product, following successful launches in states like California, Texas, and Florida.
The umbrella insurance offers valuable features that enhance its appeal to potential policyholders. Mercury Insurance provides multi-policy discounts for customers who bundle their auto, homeowners, and umbrella policies, making comprehensive coverage more accessible. Additionally, a 5% discount is available for drivers who maintain a clean driving record for three years, incentivizing responsible behavior on the road. A cautionary tale shared by the company underscores the necessity of this coverage, illustrating how a policyholder faced extreme financial strain after causing an accident that exceeded his policy limit. With these new offerings, Mercury Insurance aims to equip Nevadans with the tools to safeguard their financial well-being amidst rising liability costs.
In addition to the umbrella insurance, Mercury encourages customers to explore the benefits of its other insurance products, which are designed to provide comprehensive protection. The company’s commitment to enhancing customer safety and security is evident in its proactive approach to addressing the changing landscape of insurance needs in the wake of increasing claims. To learn more about their offerings, customers are directed to visit the Mercury Umbrella Insurance website for detailed information and guidance.