Umbrella Insurance 

When you own valuable property—like a home, car, or boat—standard insurance policies provide essential protection. But if you’re ever held responsible for serious injury or property damage, your base coverage may not be enough.

Umbrella insurance offers an extra layer of liability protection beyond what your regular home, auto, or watercraft policies cover. It helps pay for legal fees, medical bills, or damages if you or a member of your household is found liable—and your primary insurance limits are exceeded.

Why Consider Umbrella Insurance?

 

Umbrella insurance is designed for worst-case scenarios. For example, imagine you have a boat policy with $100,000 in liability coverage, but you’re sued for $1 million after a fatal accident. Without an umbrella policy, you’d be responsible for the remaining $900,000. With a $1 million umbrella policy, that gap would be covered—protecting your finances and future.

 

Who Needs Umbrella Insurance?

 

While umbrella coverage is especially valuable for high-net-worth individuals, it’s not just for the wealthy. Anyone with assets to protect—or a high risk of being sued—can benefit from this affordable added protection.

In general, if you own multiple properties, or frequently host guests, it's worth considering an umbrella policy. Premiums are relatively low for the level of protection they provide, often making it a smart financial decision.​