Complete coverage
What is umbrella insurance?
Umbrella insurance is a stand-alone liability policy that extends coverage above your existing homeowners and auto insurance limits. It provides an additional layer of protection when damages exceed your underlying policy limits.
Life can be unpredictable, and umbrella insurance ensures you're protected when the worst happens.
Umbrella insurance coverage example
How umbrella insurance works.
Imagine you're liable for a car accident with damages totaling $850,000, but your auto policy only covers $300,000. Without umbrella coverage, you'd personally owe $550,000.
With umbrella insurance, your additional coverage would handle the remaining $550,000, protecting your savings, home, and future earnings.
Umbrella insurance protects you when:
- Your dog bites a neighbor's child
- Fire at your condo spreads to other units
- Someone is injured at your rental property
- You're sued for libel or slander
- You cause a multi-vehicle accident
- Someone drowns in your pool
Coverage requirements
Qualifying for umbrella insurance.
Most carriers require you maintain your auto insurance with them to qualify for umbrella coverage. They also typically require minimum liability limits on your underlying policies.
Stand-alone umbrella policies are available for special situations where traditional requirements can't be met.
Get protected today
Why you need umbrella insurance.
With rising medical expenses and increasing litigation, it only takes one accident to potentially devastate your financial future. Umbrella insurance ensures your assets, savings, and future income remain protected.
Don't wait until it's too late. Contact Graybeal Group to discuss umbrella insurance options that fit your situation and budget.
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