Safeco Umbrella Insurance Ratings
Safeco Umbrella Insurance Reviews 2023 (Ratings, Cost & Coverage). The modern life and education that people receive mean that people are more prepared to face issues in their lives that 150, or 200 years ago. This is how people know that no matter how prepared you are, there are things that will typically go beyond the ceiling of your preparedness.
This is perfectly encapsulated by Murphy's Law which states, "Anything that can go wrong, will go wrong." Others have added an appendage stating those things will go wrong when you least expect them to.
This is the reason why Umbrella insurance exists; to help cover your liabilities beyond what your insurance can cover. In the case of auto insurance, if the liability is beyond what the insurance company is willing to pay out, then umbrella insurance will pick up the liability where the auto insurer will payout. Same for your homeowners policy.
With a mindboggling number of insurance companies out there, this article chooses to look at read Safeco umbrella insurance reviews, and whether or not this is something you should consider buying.
Check out Safeco umbrella insurance reviews, ratings, cost & coverage for Safeco umbrella insurance policies.
Following are some of the answers to commonly asked Safeco umbrella insurance questions:
- How Do I Get A Safeco Umbrella Insurance Quote?
- Do I Need Umbrella Insurance?
- What Do I Need To Qualify For A Safeco Umbrella Policy?
- How Much Does Safeco Umbrella Insurance Cost?
- What Does Safeco Umbrella Insurance Cover?
- What Type Of Umbrella Insurance Discounts Does Safeco Offer?
- Is Safeco A Reliable Umbrella Insurance Company?
- Are Safeco's Umbrella Insurance Reviews & Ratings Good?
How Do I Get A Safeco Umbrella Insurance Quote?
Call the Safeco insurance phone number at (877) 857-9519 to start your umbrella quote.
Licensed Safeco insurance agents are available 7 days a week during these hours (Eastern time):
|7 a.m. to 10 p.m.||Monday through Friday|
|7 a.m. to 8 p.m.||Saturday|
|11 a.m. to 8 p.m.||Sunday|
Or you can start your Safeco umbrella insurance quote online 24/7:
Do I Need Umbrella Insurance?
Umbrella insurance is meant to protect you, your savings, and your assets in case you encounter liability that your primary insurance options will not be able to fully cover. Here are some situations where you might need umbrella insurance:
- Property damage and bodily injury sustained in an auto accident where the cost of settlement is beyond your insurance limits.
- Claims arising from any other insured vehicle such as a boat, ATV, motorcycle and another specialty vehicle. The coverage also applies when these vehicles are hired out to other parties.
- Bodily injury sustained on your property; whose compensation would go beyond the limits of your homeowner's insurance.
- Meeting the costs of lawsuits, even if frivolous, as well as the associated legal costs.
- Lawsuits of a wide variety including libel, slander, invasion of privacy, defamation of character among others.
These are just but a few of the scenarios where umbrella insurance would help protect you.
What Do I Need To Qualify For A Safeco Umbrella Policy?
To qualify for a Safeco personal umbrella insurance policy, you must also carry Safeco auto insurance.
In most cases, other policies, like your homeowners insurance, motorcycle, watercraft, ATV, and rental policies may be insured with another carrier.
All underlying policies have minimum required insurance limits:
|Coverage||Required Minimum Limits|
|Auto/Motor Vehicle Liability||Bodily Injury - $500,000/$500,000 or $250,000/$500,000* each person/occurrence (for preferred auto and at $1M limit), and one of: Property Damage - $100,000 each occurrence or Combined Single Limits - $500,000 each occurrence.|
|Motorcycle||Split Limits of $500,000/$500,000/$100,000 or $500,000 Combined Single Limit.|
|Comprehensive Personal Liability||$300,000 each occurrence.|
|Premises Liability||$300,000 each occurrence (for owned dwellings rented or leased to others).|
|Incidental Farm Coverage||$300,000 each occurrence.|
|In-Home Business Coverage||$300,000 each occurrence.|
|Watercraft Liability||$500,000 each occurrence for powerboats > 32 feet in length and sailing vessels (with or without auxiliary power) > 26 feet in length|
|All other watercraft||$300,000 each occurrence.|
|Recreational Vehicle Liability||$300,000 each occurrence. For vehicles designed for and used off public roads, not licensed for road use, and not subject to motor vehicle Financial Responsibility Laws.|
How Much Does Safeco Umbrella Insurance Cost?
The average cost of Safeco's umbrella insurance policies ranges from $10 to over $59 per month, and is mainly based on the amount of coverage, your zip code, drivers ages, Motor vehicle records and auto and/or homeowners claims history.
What Does Safeco Umbrella Insurance Cover?
A personal umbrella policy can help protect you from large and potentially financially devastating liability claims or judgments.
Safeco umbrella coverage kicks in when your underlying liability limits from a homeowners or auto insurance policy have been reached - but the claim or judgement exceeds the underlying policy limits.
Without a Safeco umbrella policy, your assets, savings, and even income could be in jeopardy because you could be required to pay all costs over your policy's liability limit out-of-pocket.
|Bodily Injury & Property Damage Coverage||Offers additional protection for car crashes that exceed your auto liability limits.|
|Home Accident Coverage||Helps pay for bodily injuries due to accidents on your property that exceed your homeowners liability limits.|
|Lawsuits & Legal Costs Coverage||Helps cover legal and other costs in case of lawsuit, libel, slander, defamation of character, and other damages.|
|Specialty Vehicle Coverage||Protects you in the event of accidents that occur while you're in another country.|
|Travel Abroad Coverage||Protects you in the event of accidents that occur while you're in another country.|
A Safeco Umbrella Insurance policy protects you and your family anywhere on the planet.
Umbrella insurance is available in $1 million increments up to $5 million. Safeco offers up to $10 million dollars in select states.
What Type Of Umbrella Insurance Discounts Does Safeco Offer?
Safeco offers a lower homeowners insurance rate in most states when you buy an Safeco umbrella policy.
Is Safeco A Reliable Umbrella Insurance Company?
Yes. Safeco has the money and reserves to pay it's umbrella claims. Safeco Insurance is owned by the Liberty Mutual Group, which is very financial stable.
Liberty Mutual Insurance has financial strength ratings of "A" or "Strong" from Standard & Poor's, an "A2" or "Good" from Moody's, and an "A" or "Excellent" rating with A.M. Best. Liberty Mutual is ranked in the top 100 largest U.S. Corporations according to Fortune.
Are Safeco's Insurance Reviews & Ratings Good?
Following are some Safeco umbrella insurance reviews online:
Better Business Bureau
The Better Business Bureau says Safeco offers: Car Insurance, Motorcycle Insurance, Personal Liability Protection, Homeowners Insurance, Renters Insurance, Condominium Insurance, Flood Insurance, Identity Fraud Expense Coverage & Life Insurance.
Overall the BBB rates Safeco A+. It does reference that Liberty Mutual is the parent company.
Safeco's Contact Information
Address: 175 Berkeley Street, Boston, Massachusetts 02116
Sales Phone #: (877) 857-9519
Safeco Umbrella Insurance Reviews - The Bottom Line
Safeco umbrella insurance reviews are above average. Will Safeco always have the lowest premiums? Probably not. Every insurance company evaluates premiums differently. Sometimes Safeco will offer the lowest rates, and sometimes they won't. Still, overall, Safeco's rates are lower than those offered by larger insurance companies.
Personal Insurance Company RatingsPersonal Insurer Ratings:
- Safeco Insurance
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- Safeco Auto Insurance
- Safeco Boat & Watercraft Insurance
- Safeco Condo Insurance
- Safeco Homeowners Insurance
- Safeco Landlord Insurance
- Safeco Motorcycle Insurance
- Safeco Pet Insurance
- Safeco Renters Insurance
- Safeco RV, Trailer & Motorhome Insurance
- Safeco Umbrella Insurance
- Safeco vs Other Insurance Companies
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