Umbrella Insurance


An UMBRELA INSURANCE Policy refers to insuring more than one property as opposed to insuring only one. For example the owner might get a discount for insuring both his house and car rather than insuring them with separate policies because it might cost more. Typically, an UMBRELA INSURANCE Policy is pure liability coverage over and above the coverage afforded by the regular policy, and is sold in increments of one million dollars.



The term "umbrella" is used because it covers liability claims from all policies underneath it, such as autos and homeowners policies. For example, if you have an auto insurance policy with liability limits of $500,000 and a Homeowners policy with a limit of $300,000, then with a million dollar umbrella, your limits become in effect, $1,500,000 on the auto policy and $1,300,000 on a homeowners liability claim. Umbrella policies are mainly used by those who have sizable unencumbered assets, such as a home with a large amount of equity to ensure that even a catastrophic claim will not allow those assets to be placed at risk. Umbrella Insurance provides broad insurance beyond traditional home and auto.
UMBRELA INSURANCE provides additional liability coverage above the limits of your homeowner's, auto, and boat insurance policies. Provides coverage for claims that may be excluded by other liability policies including:


Liability coverage for rental units you own. Today, there are lawsuits just everwhere. Homeowners, auto, and watercraft policies have a limit on liability insurance.
If an unfortunate accident should happen that is your fault, do you have enough liability insurance from your current policies to cover your costs for negligence? Since no one can predict how much a judge may award the injured person, umbrella insurance is not just for the wealthy anymore, but a needed protection for every policyholder.


UMBRELA INSURANCE is designed to give one added liability protection above and beyond the limits on homeowners, auto, and watercraft personal insurance policies. With an umbrella policy, depending on the insurance company, one can add an additional 1-5 million in liability protection. This protection is designed to "kick-in" when the liability on other current policies has been exhausted. Liability insurance is the portion of a homeowners or auto policy that pays for expenses such as the injured persons medical bills, rehabilitative therapy, and lost wages due to the negligence of the at fault person.
The liability portion of an UMBRELA INSURANCE policy also covers a legal defense representative if the negligence would happen to land the at fault person in the court room. After adding up all of the medical expenses for the injured and the legal fees of the negligent person, the standard liability in one's homeowners or auto policy is often not enough. Almost every state has financial responsibility laws that will hold drivers accountable for bodily injury and property damage resulting from car accidents and the at fault driver could be sued for the damage. Personal assets from the at fault driver could be seized resulting from a lawsuit. Similar laws are also in force for home and watercraft owners.
There is good news. A personal liability UMBRELA INSURANCE Policy can give one added liability protection without a large added cost. Additional liability insurance is often inexpensive, especially compared to the added coverage one gains. Furthermore, liability insurance covers one's non-business activities anywhere in the world. Having the added protection of a liability Umbrella Insurance Policy is coverage no one should go without.
Information You Will Need When Purchasing an UMBRELA INSURANCE Policy: First Name, Birth Date, Sex, Marital Status, Years Licensed, State Licensed, and Occupation of all drivers in your household. Violation and Accident information for the last 5 years of all drivers in your household. All the property you own including: Home, Auto, Watercraft, Recreational Vehicles (RV's), Rental Units, Land, and Motorcycles. Besides your auto, do you own any other motorized vehicles like motorcycles or mopeds? Do any drivers in your household have mental or physical impairments? Are you in the farming business? Do you have any non-owned business or professional endorsements on your current insurance policies? Do any of your current insurance policies have reduced liability limits or exclude coverage for specific events? Within the last 5 years, have you been denied insurance coverage or been canceled or not renewed? Do you own, lease, or charter an aircraft? Do you use your property, vehicles, watercraft, or aircraft for business? Do you have any vehicles, watercraft, aircraft, or property that is owned, hired, leased or used on a regular basis that is not covered by insurance?
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