An Umbrella policy provides protection against a wide range of potential financial dangers.
Just as an umbrella shields you from unexpected storms, umbrella insurance provides an extra layer of protection against a wide range of financial risks and unforeseen mishaps.
While your existing policies offer some coverage, an umbrella policy extends your protection, often at a lower cost than simply increasing your current limits. It also covers additional risks and is typically portable, following you wherever you go, even abroad.
Our knowledgeable agents can help you navigate the differences between carriers and policies, ensuring you have the right umbrella coverage for your needs.
Protect Yourself & Your Assets
What Does Umbrella Insurance Cover?
What is covered by your umbrella policy depends on how you decide to set it up. In most cases, umbrella insurance protects you from:
- Injuries you cause in a car accident
- Injuries someone suffers on your property
- Property damage you cause in an accident
- Property damage your pet causes
- Property damage a dependent or child causes
- Attorney fees and other legal costs if you’re sued
What Umbrella Insurance Doesn't Cover
Umbrella insurance is a form of liability insurance, therefore it does not cover:
- Your own medical expenses.
- Losses to your property.
Aren’t People With More Assets the Only Ones Who Need Umbrella Insurance?
Actually, anyone with a job who expects to keep the income they earn, could benefit from having an umbrella insurance policy.
What would happen, for example, if someone made a delivery to your house, slipped on a sidewalk recently wet by your sprinkler system, and suffered severe head injuries from the fall. They will sue you, of course. Your homeowners insurance kicks in, and pays up to its maximum limits. But the jury finds you are responsible for an extra $500,000 over your homeowner’s limits.
How long would it take you to pay that off with your weekly paycheck? Umbrella insurance covers the amount that exceeds your homeowner’s coverage, usually up to $5 million-sparing you from a financial nightmare, along with paying the attorney to help you survive it.
Worried About Costs?
Don’t be. Relative to the amount of protection you get, umbrella insurance is highly affordable. Especially since it’s unlikely you will ever have to make a claim against it. So your specific cost will be determined by:
- The amount of coverage you purchase
- Your insurance carrier’s provisions
- Your risk profile and driving record
You can save even more money by purchasing umbrella insurance from the same carrier who provides your home and/or auto insurance-check with us to make sure.
The I. Dachs Difference
You might be tempted to choose the least expensive insurance available, but keep in mind that you could be sacrificing important coverage. While many insurance products may appear similar in cost and purpose, insurance providers differ greatly in how they tailor policies to truly protect you. There’s no universal insurance solution that fits every business’ unique needs.
As members of your community, we safeguard businesses and individuals we genuinely care about. That’s why we’re committed to finding better ways to protect you, including selecting insurance partners who are both cost-effective and responsive. Reach out to us and let our experts help you build the strongest shield to secure what you’ve worked so hard to achieve.
