Umbrella Coverage

The amount of umbrella coverage you need depends on your unique circumstances, including the value of your assets and potential risks. As a general guideline, consider coverage that equals your total assets, plus an additional buffer for unforeseen events. At Insurance Associates of Carrollton, we recommend discussing your specific situation with one of our advisors to determine the right amount of coverage to protect your financial future effectively.

An umbrella policy provides coverage for a range of situations that exceed the limits of your standard insurance policies. This includes major liability claims, such as severe car accidents, injuries on your property, or even certain lawsuits. It also covers incidents that might not be included in your primary policies, like libel, slander, or defamation. Essentially, umbrella insurance offers an extra layer of protection against substantial claims and legal fees, giving you comprehensive peace of mind.

Umbrella insurance acts as an extension of your existing policies, offering additional liability coverage when the limits of your standard homeowners, auto, or boat insurance are exceeded. For example, if you're involved in an accident with high medical costs that surpass your auto insurance limits, your umbrella policy can help cover the difference. It’s a valuable safety net that ensures you're protected from significant financial losses, providing broader coverage that includes various scenarios not typically covered by your base policies.