Umbrella Insurance

What Is Umbrella Insurance?

Umbrella insurance provides extra liability coverage that goes beyond the limits of your auto, home, or other insurance policies. It kicks in when you exhaust the liability limits on your underlying policies, protecting your assets from major claims and lawsuits.

Why You Need Umbrella Insurance

• Protects your savings, investments, and future earnings from major lawsuits
• Covers claims that exceed your home or auto policy limits
• Provides coverage for certain claims not covered by other policies
• Affordable way to get substantial additional protection
• Essential if you have significant assets to protect

Common Coverages

Umbrella policies provide additional liability coverage for bodily injury and property damage claims. They cover incidents involving your vehicles, home, and rental properties. Many policies also cover false arrest, libel, slander, and invasion of privacy claims. Coverage typically applies worldwide and includes legal defense costs.

How Much Coverage Should I Get?

Consider your total assets, including home equity, savings, investments, and future earnings. Many experts recommend coverage equal to your net worth. Policies typically start at one million in coverage and increase in million-dollar increments.