Personal Umbrella Insurance in Boca Raton, FL & Delray Beach, FL

Personal umbrella insurance or “excess liability insurance” is a lesser-known form of financial protection that can help shield you from financial turmoil following unforeseen liabilities. It can offer broader coverage and higher liability limits than existing policies to protect your financial well-being in scenarios where standard insurance policies fall short.

What Is Umbrella Insurance?

Umbrella insurance is a form of liability insurance that can offer additional protection beyond the limits of your primary homeowners, auto or watercraft insurance policies. It can act as an extra layer of financial protection if you are involved in a major lawsuit or significant liability claim.

What Does Personal Umbrella Insurance Cover?

Umbrella insurance can cover a broad range of liability issues that extend beyond the limits of your primary policies. It typically extends coverage worldwide, not just within the confines of your home or vehicle. Specifically, personal umbrella insurance can offer coverage for the following:

• Bodily injury—It may cover costs related to injuries you cause to others, such as medical bills and liability claims due to accidents.
• Personal liability—It may cover incidents such as libel, slander or false arrest.
• Property damage—It may pay for costs associated with damage you cause to someone else’s property, including vehicle damage in an auto accident where you are at fault.
• Legal fees—It may cover costs for legal defense and settlements if you are sued for covered damages.

While umbrella insurance can offer broad protection, it’s not a catch-all solution and certain types of claims may not be covered. It’s important to review your policy details to understand the exact coverage limits, exclusions and conditions.

Who Needs Personal Umbrella Insurance?

Personal umbrella insurance isn’t mandatory, but it is highly recommended for individuals with assets to protect. If you own property, have significant savings or earn a high income, you could be at risk of lawsuits seeking damages beyond the coverage provided by your standard policies. Individuals with a higher chance of being sued, such as landlords or pet owners, can also benefit from the added protection provided by umbrella insurance.