COVERAGE / UMBRELLA
Why you want umbrella coverage
Umbrella insurance sits above your auto, home, boat and more. If a claim exceeds your underlying liability limits, the umbrella provides an additional $1 million or more of coverage. Without the umbrella, you might be personally responsible.
WHERE IT STARTS
Usually at $1 million, and it goes up from there.
WHAT IT COVERS
Bodily injury, property damage, personal injury such as libel or slander, and legal defense costs.
LEGAL EXPENSES
Defense costs alone can be substantial. Umbrella helps pay them, not just the damages.
THE MATH
It is a lot of coverage for a comparatively small premium, which is unusual in insurance.
Anyone with assets worth more than their auto and home liability limits. In Florida, legal and medical costs escalate fast in an auto accident or an incident on your property, and that is where primary limits get exhausted.
Less than people expect relative to the limit, because it only responds after the primary policies are exhausted. Terms vary by carrier, so it is worth pricing rather than assuming.
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561-416-9370