Standard insurance policies—like auto, home, or renters insurance—often cover common risks, but they may not always be enough. That’s where umbrella insurance comes in. It provides an additional layer of liability coverage for situations that go beyond the limits of your primary policies.
What Is Umbrella Insurance?
Umbrella insurance is a type of liability coverage that extends beyond your standard policies. If you’re ever faced with a major claim or lawsuit, umbrella insurance can help cover costs that exceed the limits of your existing insurance. It’s not just for the wealthy; anyone with assets or financial responsibilities can benefit.
How Umbrella Insurance Works
For example, if you’re involved in a serious car accident and the damages exceed your auto insurance policy limits, you could be responsible for paying the remainder out of pocket. Umbrella insurance steps in to cover those additional costs, helping safeguard your finances.
Who Should Consider Umbrella Insurance?
-
Homeowners or renters seeking additional coverage beyond their current policies
-
Individuals with significant assets, such as savings, investments, or property
-
People who serve on boards or participate in activities that could lead to lawsuits
-
Anyone looking for broader liability coverage for unexpected events
Benefits of Umbrella Insurance
-
Expanded Liability Coverage: Covers costs that exceed other insurance limits
-
Legal Expenses Coverage: Helps cover legal fees, even if a claim is groundless
-
Financial Security: Gives confidence that major unexpected events won’t derail your finances
At Atlas Insurance, we can help you determine if umbrella insurance fits your needs and how much coverage is appropriate based on your lifestyle and assets.
Gain confidence knowing you have an extra layer of coverage when it matters most.
