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Personal Umbrella Insurance in Boynton Beach and Stuart, Florida

Personal umbrella insurance is a unique form of coverage that offers additional protection beyond your standard insurance policies. Personal umbrella coverage can help financially protect yourself and your assets from unexpected events by providing higher coverage limits and broader protections. Understanding personal umbrella policies are crucial for comprehensive financial planning, whether you’re a homeowner, car owner or renter.

What Is a Personal Umbrella Insurance Policy? person holding umbrella while raining

Personal umbrella is a type of liability protection that offers coverage beyond the limits of personal lines policies, such as auto, home or renters insurance. It can protect from substantial financial strains due to liability claims or legal actions. Designed to offer an extra tier of safety, it may provide higher liability thresholds and all-encompassing coverage, securing both your current assets and future income.

Who Needs Personal Umbrella Insurance?

Umbrella insurance can benefit most people because accidents can occur anytime, and there is no way to predict how much they will cost. Instead of paying out of pocket, umbrella insurance can help pay for medical bills and legal costs if you are found responsible for an incident. For example, if a third party is injured on your property, your umbrella insurance policy can cover related expenses beyond the limits of your primary liability policy, up to the limit of your umbrella policy.

Personal umbrella policies can also extend its coverage to other household members, including your spouse, children, or other relatives who live with you. If these individuals do not have their own personal auto or property insurance, your umbrella insurance policy may be able to help protect them.

How Much Does a Personal Umbrella Policy Cost?

The following are some of the factors that can determine the cost of personal umbrella coverage:

  • Coverage limits
  • Underlying insurance policies
  • Personal risk factors
  • Number of properties, vehicles and other applicable assets

Contact Wiglesworth-Rindom Insurance Agency for a personal umbrella policy estimate.

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