Personal Umbrella Insurance FAQ

August 22, 2022

umbrella insurance paper

What is personal umbrella insurance?

A personal umbrella insurance policy is additional liability insurance that can provide protection above and beyond the limits of your homeowners, auto, watercraft, or other underlying policy. If the cost of a covered claim exceeds your underlying policy limits, personal umbrella coverage can cover the difference. 

What does personal umbrella insurance cover? 

For example, if you’re found legally responsible for $500,000 in damages after a serious car accident but your regular auto insurance limit is only $250,000, personal umbrella coverage can cover the remaining $250,000. In addition to extra liability coverage, a personal umbrella policy can also pay attorney fees, other charges arising from lawsuits, and some claims not typically covered by your underlying policies such as libel, slander, and invasion of privacy.

What is typically not covered by personal umbrella insurance? 

A personal umbrella insurance policy will not typically cover damage to your own personal property, the results of your own intentionally harmful or illegal behavior, or losses related to your business or professional activities.

Who needs personal umbrella insurance?

Accidents that result in claims exceeding regular policy limits can happen to anyone. Reach out to speak with an independent agent about your specific situation.

How much does personal umbrella insurance cost?

A quote is typically based on multiple factors like where you live, your net worth, your credit history, and how much coverage you choose to purchase. Ask your local independent agent about a personal umbrella policy to learn more.

Looking for a quote? Request one online or visit us in Ellensburg at 426 North Pine Street.