Products & Services

Personal Umbrella

As we cater to the individual needs of each of our clients and provide our exclusive approach to personal protection, we strongly suggest a personal umbrella policy to round out a comprehensive program.

If you are ever sued, your standard homeowners or auto policy will provide you with liability coverage, paying for judgments against you and your attorney's fees, up to a limit set in the policy. However, in our litigious society, you may want to have an extra layer of liability protection. That's what a personal umbrella liability policy provides.

An umbrella policy kicks in when you reach the limit on the underlying liability coverage in a homeowners, renters, condo, auto, or recreational vehicle policy. It will also cover you for things such as libel and slander. It can even provide coverage that is not included in your underlying policies.

Depending on your exposures, for about $150 to $300 per year you can buy a $1 million personal umbrella liability policy. The next million will cost about $75 and about $50 for every million after that.

Because the personal umbrella policy is triggered after the underlying coverage is exhausted, there are certain limits that usually must be met in order to purchase this coverage. Most insurers will want you to have about $250,000/$500,000 of liability insurance on your auto policy and $300,000 of liability insurance on your homeowners policy before issuing an umbrella liability policy for $1 million of additional coverage.