While your primary insurance policies provide essential coverage, they may not cover everything. Our umbrella insurance policies are designed to offer an extra layer of protection, ensuring you are safeguarded against significant financial losses.
Coverage Options
- Personal Liability Protection: Covers you against liability claims that exceed the limits of your home, auto, or other personal insurance policies.
- Legal Defense Costs: Provides coverage for legal fees and court costs if you are sued, even if the lawsuit is groundless.
- Worldwide Coverage: Protects you against liability claims no matter where you are, whether at home or abroad.
- Coverage for Rental Properties: If you own rental properties, umbrella insurance can provide additional liability coverage beyond your landlord policy.
Umbrella Insurance FAQ
What is Umbrella Insurance?
Supplement to the liability coverage you carry on your underlying personal policies such as auto and homeowners insurance. The main purpose of an umbrella policy is to protect your personal assets from an unforeseen event in which you or a family member could be deemed liable for damage or injuries.
What should I consider when choosing umbrella limits?
-The risks you may face: The risk of causing an accident in your vehicle. Do you have a young driver in your household? Is your home or backyard a hub for neighborhood kids or friends? Consider anything that could put those around you at risk.
-The value of your assets: Your assets include things such as your properties, possessions, savings accounts, retirement funds and other investments. The more assets you have to protect, the higher the umbrella limits you should consider.
-The potential loss of future income: Liability claims/lawsuits can result in loss of both current and future income so even those with few current assets to protect may want to consider an umbrella policy.