Skip to Main Content

What is Umbrella Insurance?

Umbrella insurance is an extra layer of protection for your exposure. If someone is injured on your property, or you cause a motor vehicle accident, your homeowners or auto policy may not cover enough. If the costs accrued are more than your policy coverage allows, you may be left to carry the financial burden. This is why you may want to consider an umbrella policy.

Who needs an Umbrella Insurance Policy?

Home or auto policies will be most people’s initial lines of protection. Once these policies have reached their limits, the umbrella policy can help pay. You cannot purchase an umbrella policy without first purchasing a home or auto policy, and you must meet certain requirements before you are eligible for one. Umbrella policies usually range between $1 million and $5 million; you will want to consider your exposure when purchasing an umbrella policy.