Life is unpredictable—and while standard insurance policies like auto, home, or renters insurance provide essential protection, they can only go so far. What happens when a claim exceeds the limits of your coverage? That’s where umbrella insurance steps in.
What is Umbrella Insurance?
Umbrella insurance is a type of personal liability coverage that goes beyond the limits of your existing policies. Think of it as a safety net that kicks in when your auto, home, or other basic liability insurance isn’t enough to cover a claim.
For example, if you’re involved in a car accident and found responsible for $500,000 in damages, but your auto policy only covers $300,000, umbrella insurance can cover the remaining $200,000—saving you from paying out of pocket.
Who Needs Umbrella Insurance?
Umbrella insurance isn’t just for the wealthy. In today’s world, anyone can face lawsuits or costly liability claims. You may want to consider an umbrella policy if you:
• Own a home or multiple properties
• Have significant savings or assets to protect
• Host guests regularly or own a swimming pool or dog
• Are a landlord
• Drive frequently or have young drivers in your household
• Are active on social media or in community organizations
• Want peace of mind knowing you’re protected from unexpected liability
Real-Life Scenarios Where It Matters
• Auto Accident: You cause a serious accident, and the injured party sues for medical costs, lost wages, and pain and suffering beyond your auto policy’s limits.
• Home Incident: A visitor slips on your icy driveway and files a lawsuit for extensive medical expenses.
• Defamation Lawsuit: You or a family member is sued for something posted online, like a negative review or social media comment.
In all of these cases, umbrella insurance can provide the extra coverage you need to avoid financial devastation.
What Does Umbrella Insurance Cover?
While each policy can differ slightly, umbrella insurance generally includes:
• Bodily injury liability
• Property damage liability
• Legal defense costs
• Personal liability situations such as slander, libel, or false arrest
Importantly, umbrella insurance does not cover your own injuries, damage to your property, or liabilities related to your business (unless you purchase a commercial umbrella policy).
Affordable Protection with Big Benefits
One of the best things about umbrella insurance is how cost-effective it is. For a relatively low annual premium, you can gain coverage in the millions—providing exceptional value and peace of mind. It’s a smart investment for individuals and families who want an extra layer of security.
At Premier Insurance Group LLC, we understand that protecting what matters most means preparing for more than just the expected. Umbrella insurance helps safeguard your future from life’s bigger risks, so you can feel confident, no matter what comes your way.
Want to learn more or see if umbrella insurance is right for you?
Contact our experienced team today for a personalized consultation, by dialing 7038808800. We’re here to help you find the right protection, at the right price. Get a free quote today!
