What is an Umbrella Insurance Policy?

An umbrella insurance policy is an excess liability policy that typically sits over vehicles, homes, and other forms of properties that carry liability insurance themselves.

Umbrella policies otherwise known as excess liability policies require certain underlying liability limits and generally fall into two categories:

  • Personal
  • Commercial – It is important to note that in general personal umbrellas provide no commercial coverage and commercial umbrellas provide no personal coverage.
Umbrella Insurance

Are you covered by an umbrella?

What to Know About an Umbrella Policy

It is important to understand that an umbrella policy is an extension of liability coverage and not property coverage. Clients that have a certain net worth may find the benefits of this policy well worth the cost, and for most they are typically not very expensive.

Do you need an Umbrella policy?

Some Insurance agents require you to have the underlying auto insurance policy with their agency to write an umbrella policy. At Marindependent, we do not necessarily require that you do. Contact us today to learn more about an umbrella policy and how it can work for you.  Consider reading, How Much Umbrella Insurance do I need? or The Case for Umbrella Insurance.

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