SuperMoney
  Nationwide Umbrella Insurance

Nationwide Umbrella Insurance

in Umbrella Insurance from Nationwide

Unaffiliated

Nationwide Umbrella Insurance

Unaffiliated

in Umbrella Insurance from Nationwide

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

1 user recommends
0 users are unsure
0 users don't recommend
Cast your vote

Would you recommend Nationwide Umbrella Insurance to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating

Rating not yet determined  

Financial Strength Rating A+

Nationwide 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." Umbrella insurance policies protect you when the liability coverage of your auto insurance, home insurance, or boat insurance is insufficient.

Nationwide umbrella policy FAQ

Does Nationwide offer an umbrella insurance policy?

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

How does a Nationwide 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 after your auto insurance policy maxes out.

Where does Nationwide umbrella policy do business?

Nationwide umbrella policy is an insurance carrier based in Columbus, OH. The insurance company was founded in 1926 and offers umbrella coverage policies in 48 states (and Washington, DC).

What types of umbrella insurance policies does Nationwide umbrella policy offer?

Nationwide umbrella policy 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 limits.
  • Landlord liability -- If a tenant sues you for damages while renting your property and the cost exceeds the liability limits provided by your specialty homeowners insurance.
  • Property damage -- Your umbrella insurance policy also helps if you are at fault in an auto insurance accident and the damages exceed your auto insurance liability limits.
  • Slander or libel -- Umbrella coverage 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 that a personal umbrella policy can cover.

What minimum liability coverage does Nationwide 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 car insurance policies. Nationwide requires you to have at least $300,000 in liability insurance before they will grant you an umbrella insurance policy.

What level of liability coverage can you get with Nationwide umbrella policy?

Most insurance companies set a minimum of $1 million in coverage.

Nationwide does not provide details on its liability coverage limits.

How much does Nationwide umbrella insurance cost?

The cost of your umbrella insurance policy will vary depending on your risk profile. Your umbrella coverage premium will probably range between $150 and $300 per 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 Nationwide offer policy discounts on their umbrella insurance policies?

Nationwide offers the following discounts.

Policy Discounts
Supported Options Unsupported Options
  • Defensive Driver / Safety Course
  • Good Student
  • Multiple Policy
  • Affinity Relationship
  • Claims Free
  • Mature / Experienced Operator
  • Retired
  • Advance Purchase / Early Shopper
  • Automatic Payment
  • Continuously Insured
  • Family Plans
  • Farm Vehicle
  • Full Payment
  • Good Credit
  • Higher Education
  • Homeowner
  • Low Income
  • Loyalty / Long-Term Customer
  • Military
  • Multiple Vehicles
  • Paperless Billing / e-billing
  • Senior
  • Storage / Layup Discount
  • Student Away at School
  • Young Driver Training
  • Teacher / Educator
  • New Customer / Competitor Transfer
  • Higher Deductibles
  • Non-Smoker
  • Motorcycle Endorsement
  • Original Owner
  • Young Applicant
  • Healthy Applicants

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 Nationwide umbrella policy?

The financial strength rating of an insurance company scores its ability to pay contracts and umbrella insurance 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.

Nationwide umbrella policy scores an A+ financial strength rating, SuperMoney's highest available rating.

How to apply for Nationwide umbrella insurance?

  • Visit the Nationwide 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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 48 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Policy Discounts
  • Affinity Relationship
  • Claims Free
  • Defensive Driver / Safety Course
  • Good Student
  • Mature / Experienced Operator
  • Multiple Policy
Auto Coverage
Min/Max Liability Coverage Up to $4,000,000
Personal Injury Protection
Required Minimum Limits $300,000
Financial Strength Rating A+

Nationwide Umbrella Insurance Community Reviews

 

Would you recommend Nationwide Umbrella Insurance to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by