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- FL Agency License L016633
Umbrella insurance
One serious accident can cost more than your auto or home liability limits. An umbrella policy adds a large layer of protection on top, usually starting at $1 million, for a modest yearly cost.
The short answer
A personal umbrella policy pays liability claims after your auto, home or boat liability limits run out, and it covers some claims those policies don’t, such as certain libel or slander suits. Carriers usually require you to keep minimum liability limits on your underlying policies before they’ll write an umbrella.
Say you cause a serious crash and the injured driver’s claim reaches $600,000. If your auto policy’s liability limit is $300,000, your umbrella pays the remaining $300,000. Without it, that balance could come out of your savings or wages.
Most umbrella carriers want your auto and home liability limits at a set minimum first. We’ll line those up so everything fits together without gaps.
Many people start with $1 million. If your net worth or future income is higher, a larger limit may make sense. We’ll talk through what you want to protect.
A personal umbrella generally doesn’t cover business activities. Businesses need a commercial umbrella or excess liability policy, which we also write.
Sometimes, but many carriers prefer to write the umbrella along with your underlying policies. We’ll check both ways.
