The insurance company has filed for an increase on personal umbrella liability coverage, affecting hundreds of thousands of California households. Meanwhile, State Farm will participate in a hearing Tuesday to decide whether homeowners and renters in the state will see rates rise on average hundreds of dollars a year.

State Farm, already seeking an emergency 22% rate hike for its basic homeowners insurance, is now asking to raise the price of its umbrella liability coverage.

During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.