If you or another driver on your auto insurance policy is 50 or older, you are eligible for the AARP Auto Insurance Program from The Hartford. This program might provide additional savings and benefits on your auto insurance.
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Umbrella Insurance

Umbrella Insurance Provides an Extra Layer of Protection

Do you ever wonder if your family has enough insurance to cover a large insurance claim against you? And do you know where the money would come from, if you weren't adequately insured?

Umbrella Insurance

The answer to these questions comes from insurance agents who increasingly recommend a personal umbrella policy, which kicks in when a policyholder reaches the limit on the liability coverage in their home or auto policies.

Consider the risk in the following scenarios:

  • Your teenage son is in a car accident and you get sued for $1 million.
  • A neighbor is injured in your swimming pool.
  • A passerby trips and falls on the sidewalk at your house.
  • Your dog bites a friend's child.

What's My Exposure?

Today, anyone can be sued, and million-dollar judgments are becoming more common. And, alarmingly, any amount exceeding your standard liability policy would fall to you. In order to cover the costs, you could be forced to use money from your current assets, such as savings accounts, 401(k)s or even your home. And your future earnings could be applied as well.

So, while these types of catastrophic events are unlikely, insurance companies offer umbrella policies for customers who want to protect their assets and feel more secure.

The Hartford offers umbrella policies with $1 million, $2 million and $5 million in coverage. Since these types of events are rare, the umbrella insurance is relatively affordable. An annual policy typically costs from $200 to $600 for the first $1 million of insurance.

How Umbrella Insurance Works

If there is a covered liability claim under your auto or homeowner's policy and the dollar amount of the judgment is greater than the coverage limits you have purchased on those policies, the umbrella policy goes into effect. Certain limits must be met on your auto policy before you can purchase an umbrella policy.

The big question is often: How much coverage should I carry? The answer usually depends on your net worth. Counting up your home value, stocks, mutual funds, and retirement accounts is the first step.

Umbrella insurance policies can vary depending on your situation and your individual needs. Call an insurance specialist at 1-888-808-5254 to learn if personal umbrella insurance is right for you.

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SAVE UP TO 15% MORE ON HOME INSURANCE

Home Insurance Savings

As an AARP member, you can save even more by bundling your homeowners, condo or renters insurance with your car insurance policy.

Already a Policyholder?

Umbrella insurance is easy to add to an existing policy…and more affordable than you may think!

Copyright 2012 The Hartford Financial Services Group, Inc. All Rights Reserved.

The AARP Automobile Insurance Program from The Hartford is underwritten by Hartford Fire Insurance Company and its affiliates, One Hartford Plaza, Hartford, CT 06155. CA License #5152. In Washington, the Program is underwritten by Hartford Casualty Insurance Company. In Michigan, the Program is underwritten by Trumbull Insurance Company. This Program is provided by The Hartford, not AARP or its affiliates. Paid endorsement. The Hartford pays a royalty fee to AARP for the use of AARP's intellectual property. These fees are used for the general purposes of AARP. AARP membership is required for Program eligibility in most states. Specific features, credits, and discounts may vary and may not be available in all states in accordance with state filings and applicable law. Applicants are individually underwritten and some may not qualify. The program is currently unavailable in Massachusetts, Canada and U.S. Territories or possessions.

In Texas, the Auto Program is underwritten by Southern County Mutual Insurance Company through Hartford Fire General Agency. Hartford Fire Insurance Company and its affiliates are not financially responsible for insurance products underwritten and issued by Southern County Mutual Insurance Company.