Progressive offers umbrella insurance policies up to $5 million. To buy a policy, by call the insurer at 1-877-777-1783.
Umbrella insurance increases your personal liability insurance from your home or auto insurance policies and also can pay for the following:
- Medical bills (as a result from injuries you caused).
- Property damage (if you are the reason for the damage).
- Slander.
- Libel.
- Defamation.
- Court costs and Attorney expenses.
This type of insurance adds coverage to an existing liability policy to protect you if you’re deemed at-fault in an accident. This reduces the risk that you’ll to pay medical or car repair bills out of pocket your own once you’ve maxed out your other insurance.
Umbrella insurance can’t be bought if you don’t meet the required liability limits for your car or your home, since it only kicks in once your liability policy’s limitations have been reached.
How much does Progressive umbrella insurance cost?
The amount you pay for umbrella insurance depends on these factors:
- Homes, cars, boats and other vehicles owned.
- Driving record, including previous violations and accidents.
- Previous homeowners insurance claims.
- Location.
- Credit history.
Progressive notes on their website that policies are typically priced around a few hundred dollars per year.
Progressive also quoted Money.com’s research which showed annual premiums typically increase by $75 for every $1 million in additional coverage.
What does Progressive umbrella insurance cover?
Umbrella insurance coverage from Progressive can include the following types of coverage:
- Personal injury coverage: Helpful if you face a libel or slander case.
- Worldwide coverage: Protects you while you’re travelling internationally.
- Protection for accidents involving boats, jet skis, scooters, and other rental transportation equipment.
- Defense coverage: Helps you pay for legal fees and court costs.
Umbrella insurance is strictly for covering damages to other people and their property, so your medical and car repair bills would not be covered. As the at-fault driver, though, you would be deemed financially responsible for the other party’s accident fees in many states.
Typically, you can get a maximum of $500,000 in combined bodily injury and property damage coverage. However, if you exceed this amount in an accident, you will have to pay for the damages out-of-pocket. This is where umbrella policies help to protect your finances.
The bottom line
Progressive sells umbrella insurance policies up to $5 million and you can buy an umbrella insurance policy by calling Progressive at 1-877-777-1783. It typically costs a few hundred dollars to add millions in protection.
Xuyun Zeng is a writer and editor with a wide-ranging content background including tech, journalism, cars and health care. After graduating with highest honors in journalism, Xuyun led a newspaper to win eight awards, helped start an award-winning film industry podcast and has written over a hundred articles about cars repair, state laws and insurance. Prior to joining Jerry, Xuyun worked as a freelance SEO consultant with a mission to create the best content that will help readers and grow organic traffic.
Kevin Berry is the Senior Director of Content at Jerry and has been working in the digital content space since 2011 across the car insurance/repair, personal finance, travel and sports industries. Prior to Jerry, Kevin was a content team lead at NerdWallet overseeing the Multimedia Production and Travel Rewards teams. Previously, he worked for NBC Sports, Comcast Cable and Nike. He has a Master`s Degree from Arkansas State and a Bachelor`s from Oregon State University.
