Mercury Insurance Launches Enhanced Umbrella Policies in Nevada to Address Rising Liability Costs

Mercury Insurance has introduced an enhanced personal umbrella insurance policy for residents in Nevada to address the rising costs of bodily injury claims that exceed standard liability coverage. This new product responds to increasing financial risks from incidents such as multi-vehicle accidents, dog bites, and injuries to delivery workers on private property. Mercury's expanded umbrella policy provides additional liability protection beyond typical auto and home insurance limits, starting at an affordable rate of just over $1 per day. The launch in Nevada marks the eighth state for Mercury's upgraded umbrella insurance, following expansions in California, Texas, Oklahoma, Illinois, Arizona, Georgia, and Florida. The insurance market has seen a notable 35% increase in average liability claims since the start of the pandemic, underscoring the need for extended coverage options that safeguard personal financial assets from hefty legal settlements. Mercury emphasizes the importance of adequate umbrella coverage through client examples where underinsurance led to significant out-of-pocket expenses, illustrating the financial vulnerability when policy limits are unchanged despite increased personal wealth. The updated umbrella product aims to provide tailored coverage levels that align with individual risk profiles and asset protection needs. Mercury Insurance operates across multiple states offering comprehensive personal and commercial lines and carries an "A" rating from A.M. Best, indicating strong financial stability and customer service excellence.