11 N 3rd St Lafayette, IN 47901

Why You Need Umbrella Insurance in Lafayette, IN

Umbrella Insurance Auto Insurance Car Insurance Quote in Lafayette, IndianaIf you are found legally responsible when someone gets hurt or has damaged property, you could owe a lot of money that may exceed the amount of coverage your general insurance plan pays. An umbrella insurance policy protects you from liability costs over and above your underlying coverage. Your insurance policies have maximum liability limits that state the most the insurance company will pay if someone files a claim against you. For people with a lot of assets at risk, it can be important to make sure you have additional coverage. These assets can include your home equity, savings and investments, and even potential future income.

Umbrella coverage protects what you’ve worked hard to earn. Extra insurance on your assets and future income can grant you the peace of mind you need if the unexpected happens.

Deciding if you need an umbrella insurance policy and how much coverage is enough for you can be overwhelming. Our team is happy to help you learn more about what umbrella coverage includes, determine what assets you have at risk, and help you decide how much insurance coverage you need. We can create an insurance plan to protect you and your family’s future.

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 Why Farmers® Insurance?

Renters Insurance Insurance Quotes Insurance in Lafayette, Indiana

We understand that unique needs play a big part in all insurance, and especially in making decisions with umbrella insurance. That is why we offer services to help you learn what you need and how to get covered.

Are you a high net worth individual?

Umbrella insurance protects your assets. If have more, you also have more to lose. This is where your net worth comes into play. Your net worth is what you have minus what you owe. If you have more, or the potential to earn more in the future, you may need an umbrella. Some key life changes to be aware of when considering an umbrella; paying off your home, if you own multiple properties or land, getting a promotion or new job and as you build your retirement nest egg. These are just some occurrences that may trigger the need for an umbrella policy.

How exposed to risk are you?

We are not referring to your bungee jumping hobby or if you are a professional stunt man. But if your day to day life exposes you to more than normal risks it might be a good idea to consider an umbrella. Do you drive a lot or have a long commute to work or school? Do you have teenage drivers in your household? Do you host dinner parties or is your house where all the neighborhood kids spend time? Do you have a pool or trampoline? Do you have a vacation home? If yes is the answer to any of these questions, and you have assets worth protecting an umbrella policy could be the solution.

How much does
Umbrella Insurance cost?

You may think millions of dollars in insurance coverage has to be expensive, right? Wrong! An Umbrella policy, for many is surprisingly inexpensive. There are many factors to consider, but a policy typically costs around $200 to $600 a year. Contact Farmers Insurance – Jenna Isch to find out if an umbrella policy is right for you.

Our Lafayette, IN Umbrella Insurance FAQ

Q: What is covered by Umbrella insurance? Is auto and home included?

A: Umbrella insurance covers liability, not tangible physical property. Umbrella insurance does not cover your vehicle and home, but your assets are protected. Your liability risk is simply the money you owe if someone files a claim against you and you are found responsible – or liable. Umbrella insurance protects your assets and assures you are not paying out of pocket for liability costs that exceed your regular coverage.

Q: How do I know how much coverage I need?

A: The correct amount of coverage for you cannot be decided with an exact formula. It depends on your risk tolerance and your unique situation. We work one on one with our clients to develop an individualized plan with the best option for you.

Q: What should I think about when choosing the amount of coverage I need?

A: There are three primary things to consider – net worth, current income, and expected future income. The bottom line is that you may need more insurance coverage if you have savings and investments, own your home, or if you have more income and expected income at risk.


Our Happy Insurance Customers

Jenna is great - very easy to talk to. She obviously knows everything there is to know about Farmers Insurance, and she doesn't just hand you a premade package. She'll talk to you and find out exactly what you need and then create a recommendation for you. Highly recommend if you want personal service and someone you can ask all of your questions!

Robin J

Because of Jenna's detailed approach to quoting my home owners insurance, she found that I had been paying property taxes on having a basement even though I do not have a basement. I received a refund for overpayment of property taxes for the last 3 years and a great home insurance rate as well. Her service is top notch!!!

Shirley P

                                                       Everyone in the office is great! They are always there for me. - Tammy B                                                                  

                                                                                             Jenna Isch is AWESOME! - Mike B                                                                                             

                                                      "Fast service when I had a minor altercation with my vehicle.” – R Strickland                                                          

                                                               “Customer service is always helpful” – Timothy M                                                               

                                                                        “Good prices, good service, great agent!” – Matt H                                                                                 

“Jenna was a very good insurance agent. She was easy to get a hold of and very knowledgeable. I would recommend her to anyone!” – Lindsay E

“Jenna is extremely helpful, punctual, and thorough. She is a personable and professional agent who is very knowledgeable about insurance and will work with you diligently to find what will best suit your insurance needs.”

Brent C

“Jenna is extremely helpful and thoroughly answers any questions that I have in a timely manner. She shows a great deal of concern and empathy towards her clients.”

Jason V

“Jenna really takes the time to look at your situation and see what products you need. She offers a variety of options at a variety of price ranges. She takes the time to sit down with you and go through the options. She also makes sure to answer questions. She always returns calls. I've been very happy with the service she provides me and highly recommend her.”

Niccole K

Thank you. I've become convinced over the years that the maximum benefit from insurance comes from agents and agencies who make a personal commitment to their clients to establish and maintain good working relationships and superior customer service-- thank you again for demonstrating these qualities.

Jeremy G.