Extra Liability Protection When You Need It Most
Your home, vehicles, savings, investments, and future income can represent years of hard work. A serious accident or liability lawsuit could put those assets at risk if your underlying insurance limits are not enough.
Personal Umbrella Insurance provides an additional layer of liability protection above the limits of certain underlying policies, such as your homeowners and personal auto insurance.
At A-1 Insurance Services Inc, we help individuals and families evaluate their liability exposures and determine whether additional protection may be appropriate.
Why Consider a Personal Umbrella?
A serious accident can result in significant medical expenses, property damage, legal costs, and potential judgments.
Examples include:
- A serious automobile accident
- A guest suffering a major injury at your home
- An accident involving your teenager
- A swimming pool accident
- A serious injury involving your dog
- A boating accident
- An accident involving a recreational vehicle
- A claim arising from certain personal activities
Your standard insurance policies have limits. A personal umbrella can provide additional liability protection above those limits.
Who Should Consider Personal Umbrella Insurance?
Umbrella insurance isn't only for wealthy individuals.
It may be appropriate for anyone who wants additional liability protection.
You may want to consider an umbrella policy if you have:
- A home
- Multiple vehicles
- Teen drivers
- Significant savings
- Investment accounts
- Rental properties
- Vacation homes
- Boats
- ATVs
- Motorcycles
- RVs
- Swimming pools
- Trampolines
- Dogs
- Rental income
- A business interest
- Other valuable assets
Even if you don't currently have significant assets, your future income and financial security may also be worth protecting.
Coverage for Your Home & Property
Homeowners liability coverage provides important protection, but a serious injury claim can exceed standard policy limits.
A personal umbrella may provide additional liability protection for certain covered claims arising from:
- Your home
- Rental properties
- Vacation homes
- Personal activities
- Certain recreational activities
- Other covered personal exposures
Auto Liability Protection
Automobile accidents are one of the most common sources of serious personal liability claims.
A severe accident can result in:
- Major medical bills
- Permanent injuries
- Property damage
- Lost wages
- Legal expenses
- Large settlements or judgments
A personal umbrella can provide additional liability protection above your underlying auto liability limits, subject to the policy requirements and terms.
Teen Drivers
Adding a teenage driver to your household can significantly increase your potential liability exposure.
Teen drivers may have less driving experience and can be involved in serious accidents.
If you have a young driver in your household, an umbrella policy may provide an additional layer of liability protection.
It is important to make sure all household drivers and regularly used vehicles are properly disclosed to your insurance company.
Rental Properties
If you own rental properties, your liability exposure may extend beyond your primary residence.
A tenant or guest could suffer a serious injury at one of your properties, potentially resulting in a significant liability claim.
A personal umbrella may provide additional liability protection above certain underlying rental property policies, subject to the requirements of the umbrella carrier.
Recreational Activities
Many families participate in activities that can increase liability exposure.
These may include:
- Boating
- Jet skis
- ATVs
- Golf carts
- Motorcycles
- RVs
- Hunting
- Swimming pools
- Trampolines
- Other recreational activities
Your umbrella insurance company may have specific requirements for certain recreational vehicles and activities.
Personal Injury Coverage
Depending on the policy, personal umbrella insurance may provide protection for certain personal injury claims.
Examples may include allegations involving:
- Libel
- Slander
- Defamation
- False arrest
- Wrongful eviction
- Other covered personal injury offenses
Coverage varies by policy, so it is important to review the specific terms and exclusions.
What Does an Umbrella Policy Not Cover?
A personal umbrella is not designed to cover every type of loss.
It generally does not replace your homeowners, auto, boat, or other underlying insurance.
Depending on the policy, exclusions may apply to areas such as:
- Intentional acts
- Certain business activities
- Certain professional services
- Workers' compensation
- Certain contractual liabilities
- Certain criminal acts
- Other excluded exposures
Your specific policy determines what is and is not covered.
Underlying Insurance Requirements
Umbrella insurance generally requires certain minimum liability limits on your underlying policies.
These may include:
- Personal auto
- Homeowners
- Rental properties
- Boat insurance
- Other personal liability policies
If your underlying limits are below the umbrella company's requirements, you may need to increase those limits before qualifying for an umbrella policy.
How Much Umbrella Coverage Do I Need?
Umbrella limits are commonly available in increments such as:
- $1 million
- $2 million
- $3 million
- $5 million
- Higher limits may be available depending on the insurance company and risk
The appropriate amount depends on your assets, income, property, vehicles, recreational activities, rental properties, and overall liability exposure.
At A-1 Insurance Services Inc, we can help you evaluate your situation and discuss available options.
Umbrella Insurance & Your Net Worth
One way to think about umbrella insurance is to consider what you could potentially lose in a serious liability lawsuit.
This may include:
- Savings
- Investments
- Real estate
- Business interests
- Personal property
- Future earnings
An umbrella policy can provide an additional layer of protection designed to help protect your financial future.
Why Choose A-1 Insurance Services Inc?
At A-1 Insurance Services Inc, we look at your insurance program as a whole.
We can review your:
- Homeowners insurance
- Auto insurance
- Rental properties
- Boats
- RVs
- Motorcycles
- ATVs
- Other recreational vehicles
- Personal assets
- Existing liability limits
We then help identify potential gaps and discuss whether a personal umbrella may be appropriate.
Protect More Than What You Own Today
Your financial security isn't limited to the assets you currently have.
Your future income, savings, investments, property, and retirement can all be affected by a serious liability claim.
A personal umbrella policy can provide an additional layer of liability protection and greater peace of mind.
Request a Personal Umbrella Quote
Contact A-1 Insurance Services Inc today to discuss your personal umbrella insurance needs.
We'll review your current insurance and help you determine whether additional liability protection makes sense for you and your family.