Mercury General Launches New Umbrella Policy for Enhanced Protection in Nevada
- Mercury Insurance launches a personal umbrella policy in Nevada to enhance protection against rising bodily injury claims.
- The policy covers incidents beyond standard limits, offering a safety net for policyholders facing significant financial risks.
- Mercury's expansion to Nevada follows successful rollouts in seven other states, promoting comprehensive coverage and safer driving habits.
Mercury Insurance Expands Protection with New Umbrella Policy in Nevada
Mercury Insurance introduces a personal umbrella insurance policy aimed at providing enhanced protection for Nevada residents against escalating bodily injury claims. The launch follows a troubling 35% surge in such claims since the onset of the pandemic, prompting the company to address the increased financial risks associated with accidents that can lead to substantial out-of-pocket costs. The umbrella policy, which starts at just over $1 a day, is designed to cover incidents that exceed standard policy limits, such as multi-vehicle accidents and dog bites, thereby offering a crucial safety net for policyholders.
Nick Colby, Mercury Insurance's Vice President and Chief Sales Officer, emphasizes the importance of this new coverage in today's unpredictable landscape. He highlights a cautionary tale of a policyholder who faced severe financial strain due to damages exceeding his auto policy limit after an accident. This incident underscores the necessity for additional coverage, especially as more individuals find themselves vulnerable to unexpected liabilities. By expanding its umbrella insurance offerings to Nevada, Mercury aims to provide residents with reliable options to safeguard their assets and peace of mind.
The introduction of this umbrella policy marks Mercury's eighth state rollout after successful implementations in California, Texas, Oklahoma, Illinois, Arizona, Georgia, and Florida. Key features include multi-policy discounts for bundling auto, homeowners, and umbrella insurance, as well as a 5% discount for drivers maintaining a clean driving record for three years. These incentives not only promote comprehensive coverage but also encourage safer driving habits among policyholders. Mercury's strategic expansion highlights its commitment to adapting to the evolving needs of consumers in an increasingly complex insurance landscape.
In addition to the new umbrella policy, Mercury Insurance remains dedicated to enhancing overall customer experience and ensuring its products align with the changing risk environment. The company encourages Nevada residents to explore the benefits of this new coverage and its other insurance options through the Mercury Umbrella Insurance website. By doing so, Mercury aims to empower individuals with the knowledge and resources necessary to navigate the complexities of personal liability, ultimately fostering a safer community.