Affordability: Provides high coverage limits at a relatively low cost.
Peace of Mind: Ensures you are protected from significant financial losses.
Comprehensive Protection: Covers a wide range of risks and scenarios.
Flexibility: Can be added to various primary insurance policies for enhanced protection.
If you have significant assets, own property, or are at risk of being sued, umbrella insurance can provide valuable extra protection. It is especially useful for individuals with high net worth or those who engage in activities with higher liability risks.
The amount of umbrella insurance you need depends on your personal circumstances, including your assets, income, and risk exposure. Our agents can help you determine the appropriate coverage amount based on your unique needs.
Umbrella insurance primarily covers personal liabilities. However, there are commercial umbrella insurance policies specifically designed to provide additional liability coverage for businesses. Contact our agents to learn more about business-related umbrella policies.
Yes, umbrella insurance can provide additional liability coverage for rental properties. This includes coverage for potential lawsuits from tenants or visitors. It's important to have underlying liability coverage on your rental property policy for the umbrella insurance to extend over it.
Like all insurance policies, umbrella insurance has exclusions. Common exclusions may include intentional acts, certain business-related liabilities, and liability arising from certain high-risk activities. It's important to review the policy details with your insurance agent to understand what is and isn't covered.