Umbrella Insurance
What is umbrella insurance?
Umbrella insurance is a policy that provides additional liability coverage above the limits of your existing insurance policies, such as:
- Homeowners insurance
- Auto insurance
- Watercraft insurance
A personal umbrella policy typically adds $1 million or more in extra protection beyond your current coverage limits.
Why is umbrella insurance important?
Insurance policies have limits, and in some cases, those limits may not be enough to fully protect you.
If a claim exceeds your policy limits, you could be responsible for the remaining costs out of pocket. Umbrella insurance helps fill that gap and protects you from significant financial loss.
How does umbrella insurance work?
Umbrella insurance adds an extra layer of protection when your underlying policy limits are reached.
Example:
- Your auto insurance policy has a $250,000 liability limit
- You are involved in an accident and damages exceed that amount
- Your umbrella policy can provide $1 million or more in additional coverage
This extra protection can help cover medical expenses, legal costs, and damages beyond your standard policy limits.
What does umbrella insurance cover?
Umbrella insurance helps protect you in a variety of liability situations, including:
- Bodily injury claims
- Property damage to others
- Legal defense costs and lawsuit expenses
In some cases, it may also provide additional liability protection beyond what your underlying policies cover.
What are the benefits of umbrella insurance?
Umbrella insurance offers an affordable way to expand your protection.
It helps you:
- Protect your savings and assets
- Cover large or unexpected claims
- Gain peace of mind for future risks
Why consider umbrella insurance?
Even with strong liability limits on your home and auto policies, unexpected accidents and high-cost claims can happen. Umbrella insurance provides added security when those situations exceed your primary coverage.
Why work with an independent insurance agent?
Choosing the right umbrella policy depends on your overall risk and existing coverage. An independent insurance agent helps you:
- Compare umbrella insurance options from multiple carriers
- Determine how much additional coverage you may need
- Coordinate your policies to ensure proper protection
The right coverage helps protect your assets and gives you confidence no matter what comes your way.