Personal Liability Insurance: Metlife's Home And Auto Essential

MetLife's personal liability insurance provides an additional level of protection beyond the coverage offered by basic insurance policies. This type of insurance is particularly useful for those with substantial assets, as it can protect against financial hardship in the event of unforeseen circumstances, such as injuries sustained on your property or accidents involving your automobile. Personal liability insurance can also cover non-business liability claims like defamation of character, libel, and slander, which may not be covered by your existing insurance policies. MetLife's personal liability insurance is now offered through Farmers GroupSelectSM, following the sale of MetLife's home and auto business in 2021.

Personal excess liability insurance

• Injuries sustained on your property
• Accidents involving your automobile, boat, or recreational vehicle
• Judgments that exceed your current coverage limits

Lawsuits are common, and judgments can be substantial. The more assets you own, the more vulnerable you are. Legal costs to defend a suit may not be covered by your basic insurance policy, so personal excess liability insurance can be financially valuable and offer peace of mind.

A personal excess liability policy could cover substantial legal fees and court costs, which may not be covered by a basic policy. It can also cover lost wages of up to $100 per day (up to a maximum total of $5,000) if you are asked to appear at a hearing or testify in court. It can also cover interest on unpaid judgments or premiums on appeal bonds and additional expenses incurred during the legal process.

Umbrella insurance

MetLife offers umbrella insurance, also known as personal excess liability insurance, which provides an added layer of protection beyond the coverage of your basic insurance policies. This type of insurance is designed to protect you from financial hardships due to unforeseen circumstances and lawsuits.

One of the key benefits of umbrella insurance is the protection it offers against substantial legal fees and court costs, which may not be covered by your primary insurance policy. This type of insurance can also cover lost wages of up to $100 per day if you are required to appear in court, as well as interest on unpaid judgments and additional expenses incurred during the legal process.

With MetLife's umbrella insurance, you can have peace of mind knowing that you are protected against financial risks. The company offers up to $10 million in excess liability coverage, demonstrating their commitment to providing comprehensive protection for their customers.

By choosing MetLife's umbrella insurance, you benefit from their expertise and wide range of benefit solutions. Their dedicated service teams will guide and support you throughout the entire process, ensuring that you have the right coverage at the right price.

Auto insurance

MetLife's auto insurance is now offered by Farmers GroupSelectSM, which provides 24/7/365 claim service. While MetLife still offers other insurance products, its home and auto insurance business was sold to Farmers Insurance in 2021.

MetLife auto insurance provides bodily injury and property damage liability coverage, as well as uninsured motorist protection, which is required by nearly every state. It also offers some unique features, such as replacement cost coverage for major parts, custom sound equipment coverage, glass repairs without a deductible, and rental car reimbursement.

In addition to these standard offerings, drivers can add extra protections to their MetLife auto insurance policies for an extra cost. These include replacement cost coverage for tires, brakes, and batteries, as well as for vehicles under a year old or with fewer than 15,000 miles. Rental car insurance, which provides supplemental protection for rental cars, is another option.

MetLife also offers various discounts on auto insurance. Policyholders can save money by being part of MetLife's network of affiliated organizations and workplaces. The company offers affinity discounts to hundreds of organizations, including private and public employers, labour unions, and credit unions. Even those who don't qualify for these discounts may be eligible for reduced rates by setting up automatic payments, taking a defensive driving course, maintaining good grades, or being an older driver.

While MetLife's auto insurance rates are generally slightly more expensive than average, they are still competitive. The company also offers reasonable rates for drivers who have been in a crash.

Home insurance

Homeowners insurance is designed to protect your financial investment in your home and your belongings. It also provides liability coverage if someone is injured on your property or if you or a member of your household is injured elsewhere. MetLife's home insurance coverage includes three plans: Standard, Platinum, and GrandProtect. The Standard plan includes coverage for the dwelling, personal property, liability protection, and reimbursement for loss of use. Comprehensive coverage includes replacement cost coverage, water backup protection, increased protection for high-value items, personal identity protection, and up to $1 million in liability protection.

When deciding on the amount of homeowners insurance you need, consider the cost of replacing your home, inflation adjustments, additions or renovations, and the coverage of your personal property. You may also want to include coverage for specific items such as computers, cameras, jewelry, or musical instruments. Additionally, consider whether you need extra coverage for natural disasters like earthquakes, water damage, floods, or lightning.

It is important to review your policy regularly to ensure it reflects the current value of your home and any improvements or renovations made. Home insurance provides peace of mind and financial protection in the event of unexpected damages or injuries. By choosing the right plan and coverage, you can protect your home, belongings, and yourself from financial liability.

MetLife's home insurance is now part of Farmers Insurance, and existing policies will be transferred while maintaining the same coverage and premiums during the transition. However, rates, coverage, and discounts may change upon policy renewal, and you will be notified of any changes. MetLife's home insurance is rated below average by J.D. Power, and customers have cited surprise fees as a reason for dissatisfaction. Nevertheless, MetLife's financial standing is solid, with an "Excellent" rating from A.M. Best, assuring customers of its ability to pay out claims.

Bodily injury and property damage

Personal liability insurance from MetLife offers protection against financial hardships due to unforeseen circumstances. This includes bodily injury and property damage caused by accidents.

A personal excess liability policy (PELP) provides an added layer of protection on top of your existing auto and homeowners insurance policies. It covers non-business liability claims not included in your other insurance policies, such as defamation of character, libel, slander, and false arrest.

In the case of bodily injury, personal liability insurance can cover medical expenses, lost income, funeral costs, and pain and suffering. It can also provide legal protection if you are sued as a result of the accident, covering legal fees and court costs.

When it comes to property damage, personal liability insurance can help cover the cost of repairs or replacements for damaged property. This includes damage to vehicles, homes, or other personal property.

It's important to note that personal liability insurance has coverage limits, and you may need to purchase additional coverage if your net worth exceeds those limits. This can be done through umbrella insurance, which provides extra protection if your liability insurance limits are reached.

By having personal liability insurance, you can have peace of mind knowing that you are protected financially in the event of an accident that results in bodily injury or property damage.

Frequently asked questions