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What Is Umbrella Insurance And What It Covers

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Umbrella insurance is a type of personal liability insurance that can be a huge advantage when you find yourself liable for a claim larger than your homeowner’s insurance or auto insurance covers.

Umbrella insurance doesn’t only cover false imprisonment, slander, and libel as it also provides liability coverage beyond what your renter’s policy covers if you own a rental property.

What Is Umbrella Insurance

Umbrella insurance is a type of personal liability insurance that can be a huge advantage when you find yourself liable for a claim larger than your homeowner’s insurance or auto insurance covers. Umbrella insurance doesn’t only cover false imprisonment, slander, and libel as it also provides liability coverage beyond what your renter’s policy covers if you own a rental property.
what is umbrella insurance? Discover the protective embrace of our Personal Umbrella Insurance. In this captivating image, a confident woman with brown hair stands in a sunlit field, adorned with a stylish brown hat and a jean jacket. Her eyes are closed, basking in the warmth of the sun's rays as they touch her face. With a red umbrella held high above her, she symbolizes the security and peace of mind our umbrella insurance provides. Against a backdrop of clear blue skies and fluffy clouds, this image encapsulates the freedom and assurance that come from knowing you are protected from life's uncertainties. Trust in our Personal Umbrella Insurance to shield you from unexpected storms and allow you to fully enjoy the beauty and serenity of life.

Here are some examples of situations where an umbrella insurance can help you be protected:

  • Your son gets into a fight at school and breaks another kid’s nose. His parents sue you.
  • You send some food for a trip to your son’s school and some students develop food poisoning. Their parents sue you.
  • Your dog manages to get out of your backyard and attacks your neighbor. He sues you to cover his pain, suffering, lost wages, and medical bills.
  • Your underage son decides to host a party at home when you’re out of town and someone brings alcohol. One of the guests is then arrested for driving under the influence when he is on his way home. You are sued.
  • You caused an accident when you were driving to work but your auto insurance and personal liability coverages aren’t enough to pay for all the damage.
If you take a closer look at all the examples above, you can easily see that umbrella insurance doesn’t only cover the policyholder but also the household and other family members. But more than this, umbrella insurance also covers more than your homeowners and auto insurance and the situation may not even involve your vehicle or property. On top of all this, this type of insurance covers you worldwide with one exception only: your homes and cars and under other countries’ laws.

Do You Need Umbrella Insurance?

Now that you understand what umbrella insurance is and what it covers, you may be wondering if it can benefit you as well.

The reality is that umbrella insurance can benefit almost everyone. If you think about it, accidents happen all the time. And the problem is that some of these accidents may result in high costs. So, when you have an umbrella policy, you may prevent paying out legal or medical bills when you are found responsible.

One of the best things is that umbrella insurance doesn’t only protect you. It can also be extended to other members of your household like your spouse, children, and even other relatives who live at your home.

Why You Should Consider Getting Umbrella Insurance

At Ellerhorst Russell Insurance Agency, you may can have the protection you need with our Umbrella insurance. In addition, you may also benefit from legal defense, protection against claims of slander, libel, defamation of character, false imprisonment, and wrongful conviction, and it will also cover the property you were renting or borrowing with permission.

Frequently Asked Umbrella Insurance Questions

Umbrella insurance is a type of liability insurance that provides additional coverage beyond the limits of your standard insurance policies. It is crucial for protecting your assets and financial well-being in case you face a lawsuit that exceeds your primary insurance coverage.
Umbrella insurance acts as a supplement to your primary insurance policies, such as auto and homeowners insurance. If a covered event exhausts the limits of these policies, the umbrella policy kicks in to provide extra protection, ensuring you have adequate coverage.
Anyone with assets to protect can benefit from umbrella insurance. It’s especially valuable for individuals with substantial savings, investments, or property, as it shields them from the financial impact of lawsuits and liability claims that may arise in various aspects of life.
Umbrella insurance covers a broad range of incidents, including but not limited to bodily injury, property damage, libel, slander, and certain legal expenses. It provides an extra layer of protection that goes beyond the scope of typical insurance policies.
The amount of coverage needed varies based on individual circumstances. Factors such as your assets, income, and potential risks should be considered. It’s advisable to consult with an insurance professional to determine the appropriate coverage amount to adequately protect your financial interests.

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