Personal Umbrella Insurance for Folsom Households
Add $1M–$10M of liability protection above your auto and home/condo/renters policies. We set the right underlying limits for New Mexico, coordinate with your landlord or marina needs.
Why Folsom Residents Choose Umbrella Coverage
Rural roads, outdoor activities, and potential for property-related incidents increase the chance of large liability claims. If a judgment exceeds the limits on your auto or homeowners policy, an umbrella helps protect savings, home equity, and future income.
We’ll sync your base policies with carrier requirements, then add an umbrella limit that fits your household, drivers, and properties.
New Mexico Context: Underlying Policies & Landlord Rules
Auto Policy: Minimum vs Higher Limits
New Mexico requires a minimum of $25k/$50k bodily injury and $10k property damage, but umbrella carriers typically require higher underlying auto liability—often $100k/$300k or more. We’ll upgrade your policy to qualify if needed.
Home/Condo/Renters Liability
Most umbrellas require at least $100k personal liability on your homeowners/condo/renters policy. We’ll also look at recreational vehicles, ATVs, and other exposures that may need scheduled underlying coverage.
Landlords & Business Owners
New Mexico law requires owners of rental properties to carry liability insurance. Your personal umbrella generally excludes business pursuits; landlords may need a landlord or commercial umbrella to sit over those policies.
Folsom Property Requirements
In Folsom, ensure compliance with local and state regulations for properties. We’ll coordinate certificates of insurance when your lender or associations request.
Tip: Keep records for driver training, security systems, and any pet training—these can help with underwriting.
What Your Folsom Umbrella Can Cover
Auto Liability
- High-severity crashes, multiple injuries, or rural road incidents
- Family drivers and multi-vehicle households
Home & Premises
- Slip-and-fall injuries on property
- Outdoor recreational incidents (subject to underwriting)
Personal Injury (policy-specific)
- Libel, slander, defamation allegations
- Some worldwide incidents within policy territory
Boating & Rec
- Excess over boat/PWC liability when underlying limits are met
- Consider specialized policies for larger vessels
What’s Not Covered
- Intentional acts
- Business activities and most landlord exposures under a personal umbrella
- Professional services (get E&O/D&O and a commercial umbrella)
- Damage to your own property
- Vehicles/boats without required underlying limits
How Much Limit? What Does It Cost in NM?
Most Folsom families start at $1M–$2M. If you have multiple drivers, outdoor activities, or higher assets, consider $3M–$5M or more. Pricing is often a few hundred dollars per year for the first million, with additional millions costing less each.
| Exposure | Consideration |
|---|---|
| Family drivers | Increase limits; ensure underlying auto meets requirements |
| Boats / ATVs | Ensure liability meets minimums to be covered by the umbrella |
| Pet incidents | Underwriting questions apply; prior claims can limit options |
| Rental units | Use landlord liability + commercial umbrella for business pursuits |
Our Process for Folsom Households
- Exposure Map — drivers, properties, pets, recreational vehicles, and rentals.
- Underlying Tune-Up — set auto/home/recreational liability to insurer minimums.
- Limit Selection — net worth + future income + risk profile.
- Bind & Certificates — ID cards and COIs for associations and lenders.
- Annual Review — adjust for new drivers, property changes, or claims.
