Personal Umbrella Liability

Most automobile accidents and injuries at home are fairly insignificant. If a claim is made against you, your auto and homeowners insurance is sufficient to pay for the damages or injuries you caused. But there are times when more serious accidents take place and the typical auto and homeowners policy limits of $300,000 or $500,000 are not enough to pay the for the damages. These are the times where a Personal Umbrella policy will save the day.

A Personal Umbrella policy is inexpensive and can be set up to protect against serious injury and property damage claims made against you. It can also provide coverage for injuries you and your family sustain that are caused by an uninsured motorist or even an underinsured motorist. According to recent reports by the National Association of Insurance Commissioners roughly one in eight drivers are uninsured. Add to that the number of drivers who purchase only the minimum required amount of liability coverage and it is no surprise that these types of claims are on the rise.

We recommend that you purchase a personal umbrella with a MINIMUM of $1,000,000 coverage including the uninsured and underinsured motorist (UM/UIM) injury protection . UM/UIM coverage pays for injuries you and your family sustain from an accident caused by the owner or operator of an uninsured or underinsured vehicle. Excess UM/UIM from a personal umbrella policy pays after the auto policy’s UM/UIM limits have been exhausted.

The cost of a Personal Umbrella policy is very reasonable. The amount does vary by carrier, however, for about $150 per year, you can buy a $1 million policy. The policy can be increased in million dollar increments.

Umbrellas generally provide additional liability coverage for the following underlying policies:


"I’d been with my current insurance company for 15 years but after bumping into Ryan Waite around town a number of times I picked up the phone when my insurance renewal docs landed in my inbox to see if there was a better solution out there. Ryan collected my information, talked with me about my needs and called me a day later recommendations and options. He helped me to understand the gaps in my coverage and provided guidance for the best solution possible which, at that time, wasn’t one of his solutions. It a rare find to meet an agent that cares more about the best solution for someone over making a sale. Ryan’s at the top of my list for an annual insurance review and I look forward to working with him in the future."

- Justin H.