Personal Umbrella Insurance for Ojo Caliente 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 Ojo Caliente Residents Choose Umbrella Coverage
Rural roads, outdoor activities, potential for weather-related incidents like flash floods, and property ownership in scenic areas 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 minimum auto liability of $25k/$50k for bodily injury and $10k for property damage, but umbrella carriers typically require higher underlying auto liability—often $100k/$300k or more. If your policy is at minimums, we’ll upgrade your underlying limits to qualify.
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 and business owners often need a landlord or commercial umbrella to sit over those policies.
Ojo Caliente Registration
In Ojo Caliente, rental properties may require local registration and compliance. We’ll coordinate certificates of insurance when your lender, association, or local authorities ask.
Tip: Keep records for driver training, security systems, and any pet training—these can help with underwriting.
What Your Ojo Caliente Umbrella Can Cover
Auto Liability
- High-severity crashes on rural roads or involving multiple vehicles
- Drivers and recreational vehicle use
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 watercraft in New Mexico lakes
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 Ojo Caliente families start at $1M–$2M. If you have rural properties, recreational vehicles, 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 |
|---|---|
| Rural 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 Ojo Caliente Households
- Exposure Map — drivers, properties, pets, recreational vehicles, online presence, rentals.
- Underlying Tune-Up — set auto/home/recreational vehicle liability to insurer minimums.
- Limit Selection — net worth + future income + risk profile.
- Bind & Certificates — ID cards and COIs for associations and local needs.
- Annual Review — adjust for new drivers, property changes, or claims.
