Personal Umbrella Liability
Why do I need a Personal Umbrella Policy?
A personal umbrella policy provides extra liability coverage above the limits on your personal auto, homeowners, boatowners and recreational vehicle policies. This additional coverage may apply after you have exhausted your primary coverage if you are sued for damages suffered by someone as a result of an accident, especially an unexpected catastrophic accident, involving your car, property, or recreational activities.
As you accumulate assets, you become a bigger target for lawsuits. If you lose a lawsuit and don’t have enough liability insurance, your assets could be taken to satisfy the judgment. In addition, your assets probably include savings and investments. Depending on your situation, some future wages or assets could also be at risk.
What drives the cost of a personal umbrella policy?
Umbrella pricing depends on how much liability risk your household has. The biggest factors are:
- The limit you choose. Personal umbrellas are usually sold in increments of $1 million.
- Drivers. How many, and especially whether any are teens or newly licensed.
- Vehicles, boats and recreational vehicles in the household.
- Homes and rental properties you own.
- Pools, trampolines and similar features at home.
- Your underlying limits. Umbrella insurance companies typically require minimum liability limits on your home and auto policies, and the required amounts vary by company. The cost of raising those limits is part of the picture.
Personal umbrellas typically exclude professional and business liability, and they don’t replace workers’ compensation. Ask us if you own a business, serve on a paid board or have household employees.
We don’t quote an average umbrella price, because cost depends on your household’s drivers, vehicles, properties and limits. We can’t give a price without a few details. Here’s what we need.
How to get a quote
What we’ll need:
- Your current home and auto policies (declarations pages)
- Number of drivers, including teen drivers
- Number of vehicles, boats or recreational vehicles
- Any rental properties you own
- Pools, trampolines or similar features at home
- The umbrella limit you’re considering
What happens next: A licensed member of our team will review your request and contact you by phone or email.
Why it isn’t instant: We compare options from multiple insurance companies, and coverage isn’t in place until it’s bound.
Request a quote: Request a quote · Call (352) 371-7977 · Monday–Friday, 9 a.m.–5 p.m.
McGriff-Williams Insurance · 3501 W University Ave, Gainesville, FL 32607
General information, not legal or coverage advice. Coverage depends on your policy’s terms.
