Umbrella Liability Insurance

Taking steps to protect and preserve your Wealth

Did you know your homeowners and auto insurance policies only provide liability coverage up to certain limits? Have you considered what would happen if you were sued and found responsible for more than that amount?

If you’re looking for extra insurance beyond the limits and coverages of other policies, umbrella insurance is the way to go. Under umbrella insurance, you can get insurance coverage for injuries, property damage, certain lawsuits, and personal liability situations. It’s an added layer of protection that can give you peace of mind.

How much umbrella policy do you need?

How does an umbrella insurance policy work?

Umbrella insurance may provide coverage when your homeowners, auto, and boat insurance policy limits are exhausted.
Umbrella insurance provides coverage for claims that may be excluded by other liability policies, including claims like false arrest, libel, slander, and liability coverage on rental units you own.

What does umbrella insurance cover?

Umbrella insurance provides coverage beyond the limits of your other insurance policies or for claims that liability policies may not cover. Umbrella insurance generally provides liability coverage for:

Who needs umbrella insurance?

It’s possible that you’re considering your existing insurance policies and thinking, “I’m already covered for these situations with my auto and homeowners insurance.” While that may be true, it’s worth noting that umbrella insurance provides additional coverage beyond the limits of those policies and can protect you in situations that may not be covered by other types of insurance.

How can umbrella insurance help protect you?

To help you grasp the concept of an umbrella policy, here’s an example. Imagine you were in a car accident and the injuries caused to others amount to $300,000. Your auto insurance may cover only $100,000 of this total. This leaves a balance of $200,000. Thankfully, with an umbrella insurance policy, you can rest assured that the remaining amount will be covered up to the limit of your policy.

How much does umbrella insurance cost?

The cost of an umbrella policy depends in part on how much coverage you choose to buy. Other factors, like your location, the number and types of vehicles you own, if you own multiple houses and other items, may affect umbrella policy premiums. We can help you get a policy that fits your needs.