Umbrella Insurance
in Oklahoma

Extra coverage to help protect against the unexpected.

Oklahoma City skyline taken from Midtown.

Oklahoma Umbrella Insurance

Life is unpredictable, and sometimes, the coverage you have just isn’t enough. Umbrella insurance steps in when your primary policies, like auto or homeowners insurance, reach their limits.

Mercury offers affordable umbrella insurance in Oklahoma that covers a wide range of scenarios, giving you peace of mind knowing that your finances and assets are protected.

Contact an Oklahoma insurance agent to get an Umbrella quote

Man calling with phone to his insurance agent after traffic accident

What Does Umbrella Insurance Cover in Oklahoma?

Umbrella insurance gives you extra protection when you exceed the limits of your regular policies, like homeowners or auto insurance. It’s that added safety net that ensures you’re not left financially vulnerable when the unexpected happens. Here’s what umbrella insurance typically covers in Oklahoma:

  • Bodily injury claims: If someone gets hurt on your property or in an accident involving your car, and the medical bills exceed what your primary insurance covers, umbrella insurance can help cover the extra costs.
  • Property damage claims: Whether it's damage to someone else’s property in a car accident or an incident at your home, umbrella insurance helps cover those costs that go beyond your standard policy limits.
  • Legal defense costs: Legal battles can get expensive fast. If you’re sued, umbrella insurance helps cover your legal defense fees, so you don’t have to dip into your savings.
  • Lawsuits for defamation, libel, or slander: In today’s world, lawsuits can come from unexpected places, including being accused of damaging someone’s reputation. Umbrella insurance covers the costs associated with these types of lawsuits.

What Does Umbrella Insurance Not Cover?

There are a few things umbrella insurance generally doesn’t cover, including:

  • Your own injuries or property damage: Umbrella insurance is there to protect you from liability claims, but it doesn’t cover damage to your own belongings or if you get hurt yourself.
  • Intentional damage or harm: If you intentionally cause damage or harm to someone else or their property, umbrella insurance won’t cover the resulting costs.
  • Business-related claims: Running a business? You’ll need separate coverage for anything business-related, as umbrella insurance is for personal liability.
  • Contractual obligations: If you’re responsible for something due to a contract you’ve signed, umbrella insurance won’t cover those obligations.

Available coverages are $1M–$5M in CA, TX, OK, and IL and $1M–$2M in all other states where umbrella is available.

Who Should Consider Umbrella Insurance in Oklahoma?

You might be wondering if umbrella insurance is necessary for you. In many cases, it’s worth considering if you fall into one or more of these groups:

  • Frequent drivers:  Your chances of being involved in an accident increase if you’re on the road a lot. Umbrella insurance can help pay the costs of an accident if it goes beyond what your auto insurance covers.
  • Landlords: If you own rental properties, you can get hit with potential lawsuits from tenants or their visitors. Umbrella insurance adds an extra layer of protection in case someone gets injured on your property or you face any legal issues.
  • People with substantial assets: If you’ve built up savings, own valuable property, or have other assets, umbrella insurance can protect you from losing them due to an unexpected liability claim. It ensures your wealth is shielded from large lawsuits or settlements.
  • Frequent event hosts: If you love having friends and family over at your home, hosting parties or gatherings can come with some risks. Whether it’s someone slipping by the pool or an accidental injury at your BBQ, umbrella insurance can cover those extra costs that your homeowners insurance may not handle.
  • People with risky items: If you own things like boats, jet skis, a pool, or a trampoline, you’re exposed to a higher risk of accidents. Umbrella insurance helps protect you if someone gets hurt while using these items.

Asian woman doing financial planning at her home

How Umbrella Insurance Works with Existing Policies

Umbrella insurance acts as a safety net that works alongside your current auto, homeowners, or renters insurance policies. Think of it as extra protection that kicks in when your regular policy hits its limit. For example, if you’re involved in a serious car accident where the total damages and medical bills reach $600,000, but your auto insurance only covers up to $300,000, umbrella insurance would step in to cover the remaining $300,000.

What Is the Cost of Umbrella Insurance in Oklahoma?

According to Forbes, the average cost of umbrella insurance is $383 a year for $1 million in coverage. For the amount of coverage it provides, umbrella insurance is relatively inexpensive, especially when compared to the potential financial risks of not having enough protection. The exact cost varies based on your specific circumstances, but Mercury can help you find a policy that fits your budget and needs.

How Much Umbrella Insurance Do You Need in Oklahoma?

Figuring out how much umbrella insurance you need comes down to your personal situation. A simple way to think about it is to make sure you have enough coverage to protect everything you own. Mercury offers policies starting at $1 million, but you can add more if you need it. Take a look at your savings, your home’s value, and any other assets you want to protect when deciding how much coverage is right for you.

Contact an Oklahoma insurance agent today to help you determine the right coverage for your needs.

Learn More About Umbrella Insurance and Other Helpful Resources

Check out our blog for tips, insights, and answers to common questions about insurance:

Worried young man with broken leg in plaster cast lying down on sofa at home and talking on smart phoneHow Much Does Umbrella Insurance Cost?

Daughter running to give dad a hugWhat Is Umbrella Insurance and Do You Need It?

Insurance and risk management conceptWhen an Umbrella Policy Has Your Back: 7 Situations Where Extra Coverage Matters

Happy couple budget planning car insuranceHow to Find Low-Cost Auto Insurance in Oklahoma

Oklahoma Umbrella Insurance FAQs

What is the minimum coverage required for umbrella insurance in Oklahoma?

There’s no legal minimum requirement for umbrella insurance in Oklahoma. However, most policies start at $1 million in coverage.

Does umbrella insurance cover rental properties in Oklahoma?

Yes, umbrella insurance can extend to rental properties, providing coverage for liability claims that exceed your standard landlord insurance.

Is umbrella liability insurance required in Oklahoma?

No, Oklahoma law doesn’t require personal umbrella liability insurance, but it can provide an extra layer of financial protection if you’re found liable for injuries or property damage. If you’re not sure whether you need umbrella insurance in Oklahoma, consider your assets, income, lifestyle, and potential liability risks.

How do I estimate my umbrella insurance coverage needs?

Start by evaluating your assets, future earnings and potential liability risks to determine how much protection you may need beyond your existing auto and homeowners insurance limits. Bundling your auto, home and umbrella policies with the same insurer may also help you qualify for discounts.

How can I find out my current auto and home liability limits?

The easiest way to find your liability limits is to review your auto insurance declarations page for your bodily injury and property damage liability limits, and check your homeowners policy for its personal liability limit. If you’re unsure where to find this information, contact your local Oklahoma agent to review your current coverage.

How does umbrella insurance interact with flood or storm damage?

Umbrella insurance typically doesn’t cover flood or storm damage. For those types of risks, you’ll need to rely on your flood or homeowners insurance policies.

Is an umbrella policy worth it?

If you have substantial assets or just want peace of mind, an umbrella policy is worth considering. It provides extra protection in case of large claims or lawsuits that go beyond your standard insurance coverage.

How does umbrella insurance work in Oklahoma?

Umbrella insurance in Oklahoma provides additional liability coverage when a covered claim exceeds the liability limits of your underlying auto, homeowners, or other eligible insurance policies. Depending on the policy, it may also cover certain liability claims excluded from your underlying policies, subject to its terms and exclusions.

How much umbrella insurance do I need in Oklahoma?

A good starting point for umbrella insurance in Oklahoma is $1 million in liability coverage. However, that number will vary — and may be higher — depending on your assets, income, and your personal liability risk. Reach out to your local Oklahoma agent for help with assessing your financial exposure and selecting umbrella coverage that fits your needs.

How do I get a quote for umbrella insurance in Oklahoma?

For umbrella insurance in Oklahoma, reach out directly to a local Mercury Oklahoma agent.

Can I buy Oklahoma umbrella insurance on its own?

Most insurers require you to carry an underlying auto or homeowners policy, or both, with specific minimum liability limits before you can purchase personal umbrella insurance. Contact your local Oklahoma agent to determine whether your existing policies qualify and identify any coverage adjustments you may need.

Mercury Insurance Coverage in Oklahoma

Along with umbrella insurance, Mercury offers several other policies to protect you and your assets in Oklahoma, including:

 
 

Looking for home or auto insurance in Tulsa or Oklahoma City? Here are a few resources to get you started: