Personal Umbrella Insurance. Liability Coverage Your Other Policies Don't Cover.
Your home and auto insurance policies provide liability coverage, but every policy has limits. A personal umbrella policy provides an additional layer of excess liability insurance above those limits, generally designed to help protect your personal assets when a claim exceeds what your underlying policies will pay. Saint Moore Insurance Agency helps individuals and families find the right umbrella coverage for their situation.
What Is Personal Umbrella Insurance?
Personal umbrella insurance is a type of excess liability coverage that provides protection above and beyond the liability limits of your existing home, auto, and other personal insurance policies. It is designed to kick in when a covered claim — such as a serious car accident, a liability lawsuit stemming from your property, or a personal injury claim — exceeds the limits of your underlying policy. Without umbrella coverage, amounts above those limits would need to be paid out of your own personal savings and assets.
A personal umbrella policy typically provides coverage in increments of $1 million and is often one of the most affordable ways to significantly increase your total liability protection. Common scenarios where an umbrella policy may respond include a multi-vehicle car accident where you are at fault and damages exceed your auto policy limits, a serious injury on your property, a lawsuit involving a teenage driver on your policy, or a defamation or personal injury claim. The umbrella policy sits above your underlying policies and generally requires those policies to be maintained at certain minimum liability limits.
Personal umbrella insurance is relevant for a wide range of people — not just those with significant assets. Anyone who drives regularly, owns a home, has a pool or trampoline, coaches a youth sport, or has significant online activity may have more liability exposure than they realize. Additional liability coverage through a personal umbrella policy is a straightforward way to extend your protection without dramatically increasing your insurance costs. Contact a Saint Moore Insurance Agency agent to find out what a personal umbrella policy would look like for you.
