Why Umbrella Insurance Might Be the Smartest Coverage You Didn’t Know You Needed

What Is Umbrella Insurance and Why Should You Care?
Most people assume their home or auto insurance will cover them in any situation. But what if a serious accident or lawsuit maxes out your coverage limits? That’s where umbrella insurance comes in.

Think of umbrella insurance as a financial safety net—it adds an extra layer of protection when your existing policies run out. It’s not just for the wealthy; anyone with a home, savings, or future income to protect can benefit from it.

What Does Umbrella Insurance Actually Cover?

Umbrella insurance isn’t just about big lawsuits (though it covers those too). It steps in when your regular policies hit their limits and can help pay for things like:

• Legal Fees & Lawsuits – If someone sues you for an accident, injury, or even defamation (like libel or slander), umbrella insurance covers the excess costs.
• Injury Claims – Say someone slips on your icy driveway and needs major medical care—umbrella insurance can help cover the bills beyond your homeowners policy limits.
• Property Damage – If your teen driver causes a multi-car accident, your auto policy might not be enough to cover all the damage. Umbrella insurance picks up where your coverage ends.
• Other Unexpected Situations – Like rental property liability if you own a second home, or even dog bite claims if your pet causes serious injury.

Who Should Consider Umbrella Insurance?
Umbrella insurance isn’t just for high-net-worth individuals. If you have any assets you want to protect, it’s worth considering. You might need umbrella coverage if you:

• Own a home, rental property, or multiple vehicles
• Have a teen driver (accidents happen, and they can be costly)
• Host gatherings at your home (someone slipping on your deck could lead to a major lawsuit)
• Have a high-risk hobby (boating, ATV riding, or anything that increases liability risks)
• Want to protect your savings, retirement, and future earnings

One big lawsuit could wipe out your finances. Umbrella insurance is an affordable way to make sure that doesn’t happen.

How Much Umbrella Coverage Do You Need?
Umbrella policies usually start at $1 million in coverage, but you can increase that if needed. The best part? It’s surprisingly affordable—a $1 million umbrella policy typically costs between $150-$300 per year.

That’s about $12-$25 a month for an extra million dollars in protection. Not a bad deal for peace of mind.

The Bottom Line
Umbrella insurance isn’t just for worst-case scenarios—it’s about making sure an accident or lawsuit doesn’t ruin your finances. It’s affordable, flexible, and adds an extra layer of security to protect your assets, savings, and future income.

Let’s Find the Right Coverage for You
Not sure if umbrella insurance makes sense for you? Let’s talk. At National Insurance Brokers, we help families and individuals find smart, affordable coverage that fits their lifestyle. Contact us today for a free policy review and see how umbrella insurance can help protect what matters most.