Personal Umbrella Liability Insurance
Insurance For The Unknown
Broad Coverages
An umbrella insurance policy helps to cover some of the claims not covered by a home, auto, or other underlying insurance. The policy covers not just you, but your spouse and all family members living in your household, anywhere in the world. Legal defense fees can also be covered under this insurance.
Provide additional coverage for your insurance risks. Whether you live in Lincoln or elsewhere in Nebraska, or in Kansas, Iowa, Missouri, South Dakota, Minnesota, Tennessee, Colorado, Arizona, Texas or Wisconsin, let our agency help you find the right personal umbrella liability policy!
Personal Umbrella Liability Insurance
What You Need To Know
What’s Peace Of Mind Worth To You?
An umbrella policy provides additional layers of liability protection. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over and provides you with additional protection. The cost is minimal compared to the comfort of knowing you’re covered.
Do You Have Enough Liability Insurance?
Imagine what would happen if your dog was to bite a neighbor?s child, or if there was an accident on your rental property. What would happen if a fire in your condo spread to other units? If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets or your future earnings.
Liability Insurance Starts When The Others Stop
Once the liability limits are exhausted on your home, auto, or other policy, your umbrella policy takes over and provides a second layer of protection of at least $1,000,000. Higher limits may also be available. Talk with Jeff Munns Agency, Inc. to determine the right amount of coverage for your needs.
What People Are Saying
FAQ
What is personal umbrella liability insurance?
A personal umbrella policy provides an additional layer of liability coverage beyond the limits of your existing home, auto, or other underlying insurance policies. It covers not just you but also your spouse and all family members living in your household, anywhere in the world. Legal defense fees can also be covered.
When does a personal umbrella policy kick in?
An umbrella policy activates once the liability limits on your underlying policies — such as home or auto — are fully exhausted. At that point, the umbrella policy takes over and provides at least $1,000,000 in additional coverage. Higher limits may also be available.
Why would I need more liability coverage than my home or auto policy already provides?
Liability judgments can easily exceed the limits of a standard home or auto policy. Scenarios like a dog bite, an accident on a rental property, or a fire that spreads from your condo to neighboring units could result in damages far beyond typical policy limits. An umbrella policy ensures your assets and future earnings are protected in those situations. Keep in mind many insurers are limiting or excluding liability for dog bites based on breed.
Does a personal umbrella policy cover incidents outside the home?
Yes. Personal umbrella liability coverage applies anywhere in the world, not just at your home or in your car. It follows you and your covered family members wherever the liability exposure arises.
How much does a personal umbrella policy cost?
The cost is generally considered minimal relative to the protection it provides. Because it only activates after your underlying coverage is exhausted, the premium is typically low while the coverage ceiling — starting at $1,000,000 — is substantial.
Who is covered under a personal umbrella policy?
The policy covers you, your spouse, and all family members living in your household. This broad coverage makes it especially valuable for families where multiple people are driving vehicles or otherwise creating liability exposure.
Can a personal umbrella policy be paired with motorcycle or boat insurance?
Yes. Many carriers offer underlying liability limits on motorcycle and boat policies that are high enough to satisfy personal umbrella requirements, which means your umbrella policy can extend over those policies as well — giving you a consistent extra layer of protection across all your covered assets.
Informational statements regarding insurance coverage are for general description purposes only. Read our disclaimer.
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