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  MAPFRE Insurance Umbrella Insurance

MAPFRE Insurance Umbrella Insurance

in Umbrella Insurance from MAPFRE Insurance

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MAPFRE Insurance Umbrella Insurance

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Highlights
Highlights
Financial Strength Rating A

MAPFRE Insurance Umbrella Insurance Review

Umbrella insurance is another name for liability insurance. It is designed to protect your assets when you are hit with a lawsuit judgment. Another name for it is "excess liability coverage." It protects you when the liability coverage of your auto insurance, home insurance, or boat insurance is insufficient.

Does MAPFRE Insurance offer an umbrella insurance policy?

Yes, MAPFRE Insurance offers policyholders an umbrella insurance policy. Read below how MAPFRE Insurance compares to other insurance carriers

How does MAPFRE Insurance Umbrella Insurance work?

Let's say you are at fault in a serious car accident. The cost of the damages is $500K. However, your auto insurance liability coverage limit is $300k. If you have an umbrella insurance, it will kick in so you don't have to pay the balance out-of-pocket.

Where does MAPFRE Insurance Umbrella Insurance do business?

MAPFRE Insurance Umbrella Insurance is an insurance carrier based in Webster, MA. The company was founded in 1933 and offers umbrella insurance policies in 37 states (and Washington, DC).

What types of umbrella insurance does MAPFRE Insurance Umbrella Insurance offer?

MAPFRE Insurance Umbrella Insurance provides the following protections:

  • Serious bodily injury liability -- Say a guest falls on your property and requires surgery. The cost may exceed your homeowners insurance liability limit.
  • Landlord liability -- If a tenant sues you for damages while renting your property and the cost exceeds the coverage provided by your specialty homeowners insurance.
  • Property damage -- Your umbrella insurance also helps if you are at fault in an auto insurance accident and the damages exceed your auto insurance liability.
  • Slander or libel -- An umbrella insurance policy can also provide coverage if you are sued for something you wrote or said.
  • Malicious prosecution -- If you are counter-sued for wrongfully prosecuting someone, you can be left holding an expensive legal bill.

What minimum liability coverage does MAPFRE Insurance require before approving an umbrella insurance policy?

Most insurers will not allow you to buy an umbrella insurance policy unless you first purchase a substantial amount of liability coverage on your homeowners and auto insurance policies.

MAPFRE Insurance does not provide a specific minimum liability coverage.

What level of liability coverage can you get with MAPFRE Insurance Umbrella Insurance?

Most insurance companies set a minimum of $1,000,000 for umbrella insurance policies. MAPFRE Insurance offers umbrella insurance policies starting at $1,000,000 .

How much does MAPFRE Insurance Umbrella Insurance cost?

The cost of your umbrella insurance policy will vary depending on your risk profile. Your premium will probably range between $150 and $300 a year.

Your risk profile depends on factors like your net worth, where you live, your credit history, and your driving record. Owning a dog or vehicles that could damage others, such as a jet-ski or a snowmobile, can also increase your policy premium.

Does MAPFRE Insurance offer policy discounts on their umbrella insurance?

MAPFRE Insurance offers the following discounts.

Policy Discounts Options
Supported Options Unsupported Options
  • Advance Purchase / Early Shopper
  • Good Student
  • Loyalty / Long-Term Customer
  • Multiple Policy
  • Multiple Vehicles
  • Affinity Relationship
  • Senior
  • Young Driver Training
  • Claims Free
  • Mature / Experienced Operator
  • Automatic Payment
  • Continuously Insured
  • Defensive Driver / Safety Course
  • Family Plans
  • Farm Vehicle
  • Full Payment
  • Good Credit
  • Higher Education
  • Homeowner
  • Low Income
  • Military
  • Paperless Billing / e-billing
  • Storage / Layup Discount
  • Student Away at School
  • Teacher / Educator
  • New Customer / Competitor Transfer
  • Retired
  • Higher Deductibles
  • Non-Smoker
  • Motorcycle Endorsement
  • Original Owner
  • Insurance companies add and change the discounts they offer regularly. Check whether you qualify for any other discounts when you apply.

    What is the financial strength rating of MAPFRE Insurance Umbrella Insurance?

    The financial strength rating of an insurance company scores its ability to pay contracts and policies. Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy. There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.

    MAPFRE Insurance Umbrella Insurance scores an A or excellent financial strength rating, which is SuperMoney's second highest available score.

    How to apply for MAPFRE Insurance Umbrella Insurance?

    • Visit the MAPFRE Insurance website.
    • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
    • Check the information is accurate and submit your application.
    SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    • Headquarters
    •   211 Main Street
      Webster, MA 01570
    •   Visit Site

    Hours of Operation

    • Sunday Closed
    • Monday 8:00am - 4:30pm
    • Tuesday 8:00am - 4:30pm
    • Wednesday 8:00am - 4:30pm
    • Thursday 8:00am - 4:30pm
    • Friday 8:00am - 4:30pm
    • Saturday Closed

    Other Services by MAPFRE Insurance

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 37 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Washington, DC
    • Florida
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Washington
    • Wisconsin

    Feature Breakdown

    Financial Strength Rating
    • A
    Min/Max Liability Coverage Starting at $1M
    Auto Coverage  
    Liability  
    Personal Injury Protection  
    Personal Property Protection  
    Worldwide Coverage  

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