Umbrella Insurance
Request a QuoteUmbrella insurance adds an extra layer of protection when you go over your limits.
Protect your financial future with umbrella insurance if coverage costs exceed your limits during a claim.
Umbrella insurance offers additional protection.
Umbrella insurance has an unusual name, but it's a simple concept—it's an extra liability policy for added peace of mind. Most commonly, this type of coverage is something you get in addition to either an auto insurance or home insurance policy, as well as watercraft insurance.
Focuses primarily on liability claims.
This type of coverage is specifically about liability, which is the cost you might have to pay to somebody else for an unfortunate event where you are held responsible. It doesn't usually include losses you bear yourself, such as if your property is damaged or your possessions are stolen.
Pays out when liability coverage limits are not enough.
You'd usually get umbrella insurance when your main insurance policy has liability coverage limits that are too low for your needs. The policy will only pay out when your main policy has already paid out in full, and it will only pay out the remainder of your costs.
How does umbrella insurance work?
For example, if your auto policy covers liability up to $500,000 but you cause an accident that leaves the other driver with medical bills of $600,000, your main policy will pay out in full, and the umbrella policy will kick in for the remaining $100,000.
How can you increase your personal liability limits?
Umbrella insurance allows you to get more coverage if a claim goes over your auto, home, or watercraft policy's limits, which you'd have to pay for out-of-pocket otherwise.
Who does an umbrella insurance policy cover?
If you have this type of insurance, it may cover members of your family or household. Be sure to understand who is covered by your specific policy when looking for coverage for your unique situation.
Do you need umbrella insurance?
The policy itself will have its own limit, but this is less likely to be an issue. In addition, coverage might be more affordable than you might think. While it covers large potential payouts, the premium usually reflects the reduced risk that the policy will need to payout.
Are you ready to get additional protection for yourself and your family with umbrella insurance? Contact us to go over your unique needs in regards to an umbrella policy.
FAQ - Umbrella Insurance
Umbrella insurance is a type of liability insurance that provides additional coverage beyond the limits of your existing auto, home, or other primary insurance policies. It offers extra protection for you and your assets in case of major claims or lawsuits.
You can easily get a quote by clicking here or by calling us at 800-686-2147. Our agents are ready to assist you with a personalized quote.
Umbrella insurance typically covers liability claims that exceed the limits of your underlying policies, such as bodily injury, property damage, and certain lawsuits. It can also provide coverage for libel, slander, and false imprisonment.
Umbrella insurance provides an extra layer of financial protection in case of severe accidents or lawsuits that exceed the limits of your primary insurance policies. It helps protect your assets, savings, and future earnings from being depleted by large claims or legal expenses.
The amount of umbrella insurance coverage you need depends on your personal financial situation, assets, and potential risk exposure. Our agents can help you assess your needs and recommend the appropriate amount of coverage to adequately protect you.
Yes, Stolly Insurance offers bundling options where you can combine your umbrella insurance with other policies such as auto, home, or renters insurance. Bundling can often lead to significant discounts and simplified management of your policies.
Eligibility requirements for umbrella insurance typically include having underlying auto and home insurance policies with certain minimum liability limits. Our agents can help you understand the specific requirements and ensure you meet them.
Umbrella insurance does not cover intentional acts, damage to your own property, business-related liabilities, or liabilities covered under workers' compensation. It is designed to provide excess liability protection over your existing personal policies.
Umbrella insurance works by providing additional liability coverage once the limits of your underlying auto, home, or other primary insurance policies are exhausted. It acts as a safety net, offering broader protection for significant claims or lawsuits.
Stolly Insurance Group is an independent agency with access to multiple excellent-rated insurance carriers. Our experienced agents can provide you with comparative quotes and help you find the best policy that suits your unique needs and budget. We strive to provide personalized service, expert guidance, and unmatched customer satisfaction, making us the trusted choice for your umbrella insurance needs.