{"id":875880,"date":"2025-08-14T12:03:41","date_gmt":"2025-08-14T16:03:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bodily-injury-costs-increase-in-florida-according-to-mercury-insurance\/"},"modified":"2025-08-14T12:03:41","modified_gmt":"2025-08-14T16:03:41","slug":"bodily-injury-costs-increase-in-florida-according-to-mercury-insurance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bodily-injury-costs-increase-in-florida-according-to-mercury-insurance\/","title":{"rendered":"Bodily Injury Costs Increase in Florida, According to Mercury Insurance"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Mercury’s New Umbrella Insurance Better Protects <\/i>
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\n Floridians’ Personal Wealth Against Bodily Injury Claims<\/i>
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\n LOS ANGELES<\/span>
\n <\/span>, Aug. 14, 2025<\/span><\/span> \/PRNewswire\/ — Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting\u00a0Floridians’ personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability claim increasing by 35%, according to Mercury Insurance<\/a> (NYSE: MCY).\u00a0<\/p>\n

The recent trend of rising liability injury claims for home and auto owners that exceed traditional policy limits has moved Mercury to unveil an all-new personal umbrella insurance policy for Floridians\u00a0that offers extra protection with bolstered coverages beginning at just over $1<\/span> a day.<\/p>\n

Per Forbes Magazine, an umbrella insurance policy can be an excellent addition to your insurance portfolio if you need liability coverage that goes beyond what your base car insurance or home insurance policies provide. Umbrella insurance is a good way to cover your net worth if you were to get hit with a lawsuit.<\/p>\n

The state of Florida\u00a0is the seventh\u00a0launch of this expanded insurance product for Mercury Insurance,\u00a0after California<\/span>, Texas<\/span>, Oklahoma<\/span>, Illinois<\/span>, Arizona<\/span> and Georgia<\/span>. You can learn more about this unique coverage at Mercury Umbrella Insurance<\/a>.<\/p>\n

“Mercury Insurance offers Floridians additional protection from lawsuits,” said Nick Colby<\/span>, VP and Chief Sales Officer at Mercury Insurance. “Without this supplemental coverage, your home and car could be at risk.”<\/p>\n

A cautionary tale for all is that of a Mercury policyholder who had kept the same limits and coverages since college, even though his personal wealth had increased significantly. The policyholder, who later became a doctor, never thought about umbrella coverage until he hit a moped with his automobile, severely injuring the rider. The rider subsequently engaged a lawyer, and the Mercury insured ended up having to pay out of pocket for damages that were well beyond his auto policy limit of $25,000<\/span>.\u00a0<\/p>\n

“This resulted in payments deducted from his salary for a number of years until the settlement was paid off,” Colby said.\u00a0<\/p>\n

Key features of Mercury’s significantly updated umbrella product include:\u00a0<\/p>\n