How does an umbrella policy work?
Your home and auto policies each have a liability limit, the most they’ll pay if you’re responsible for someone else’s injuries or property damage. An umbrella policy sits above those limits. If a claim is larger than your underlying policy covers, the umbrella can pay the rest, up to its own limit.
Most umbrella policies require you to keep certain liability limits on your home and auto policies first. Your agent will make sure those line up.
Who should consider umbrella insurance?
An umbrella policy is worth a look if you have something to protect or extra exposure to risk, such as:
- Home equity, savings or investments
- A swimming pool or trampoline
- A boat or other watercraft
- Rental property
- A teen driver in the household
What doesn’t it cover?
Umbrella insurance covers your responsibility to other people. It doesn’t pay to repair your own home or car, and it doesn’t replace your home or auto policies. Business activities usually need their own coverage. See commercial insurance.
How do I get an umbrella quote?
Umbrella pricing depends on your home, vehicles, drivers and the limits you choose. Your agent can quote it alongside your home and auto coverage so everything fits together.
Common questions
What does umbrella insurance cover?
Umbrella insurance pays liability claims that go beyond the limits of your home, auto or boat policies, such as a serious car accident or an injury at your home. If a claim is larger than your underlying policy covers, the umbrella pays the rest, up to its own limit. It covers your responsibility to other people, not damage to your own property, and business activities usually need their own coverage.
Who should consider umbrella insurance?
Anyone whose savings, home equity, investments or future income could be at risk in a lawsuit. The exposure is higher if you have a swimming pool or trampoline, a boat, rental property, or a teen driver in the household. An agent can quote an umbrella alongside your home and auto coverage so you can see the cost.
Do I need my home and auto insurance with the same company?
Not always. Most umbrella policies require you to keep certain minimum liability limits on your home and auto policies first. An independent agent can check those requirements and quote the umbrella alongside your home and auto, so the limits line up with no gaps.