Umbrella Coverage Information
Insurance policies come with limits to help control premiums and ensure insurers can meet their financial obligations. However, these limits can leave you exposed — any claim exceeding your policy’s limit must be paid out of pocket. That’s where umbrella insurance comes in.
What Umbrella Insurance Does
Umbrella policies extend the coverage limits of many liability policies, including home and auto insurance. They often provide $1 million or more in additional coverage.
For example, if your auto insurance has a $250,000 limit and you cause an accident resulting in higher medical expenses or a lawsuit, your umbrella policy can cover the excess, protecting your savings while meeting your financial responsibilities.
Additional Benefits
Coverage for claims excluded by other policies, such as slander or libel
Available for both personal and business policies, extending liability protection across multiple areas
Why It’s Worth It
Even if your existing liability coverage is robust, adding an umbrella policy is a cost-effective way to increase protection and safeguard your future against unexpected, high-cost claims.
