A Short Guide To Personal Umbrella Insurance


When purchasing insurance coverage for something, many people consider it a one-and-done sort of situation.  However, you may be surprised to learn that you may not be entirely covered. 

Insurance policies have limits that only require them to pay up to a certain amount.  If you exceed this amount, you’ll be on the hook for the remainder of the cost.  However, there is something called personal umbrella coverage that can help with this.  

What Is Personal Umbrella Coverage?

Personal umbrella coverage is a type of insurance coverage that is designed to pick up any claims that exceed your regular insurance policy’s limits.  Personal umbrella coverage can be purchased for a variety of commonly insured things like cars, boats, and homes.

Why Do You Need Personal Umbrella Coverage?

The most common argument against personal umbrella coverage is that the majority of claims don’t exceed existing policy limits.  While this is true, it still happens quite a bit and can be financially devastating when it does.  

How Much Does Personal Umbrella Coverage Cost?

The cost of personal umbrella coverage can vary widely.  Some of the factors that play into the amount you will pay are:

  • Your location
  • The value of the possession/s you are insuring
  • Your claim history

Don’t leave your financial safety up to luck.  Purchase personal umbrella coverage today to make sure you never exceed your policy limits.