Personal Umbrella Insurance: The Cheapest Million Dollars You Will Ever Buy
· Insurance · Auto Insurance
If minimum limits are the problem, an umbrella is the most efficient solution. It sits above your home and auto liability and costs a fraction of what the coverage suggests.
How an Umbrella Works
Once your underlying auto or home liability limit is exhausted, the umbrella pays the rest up to its limit, and it pays defense costs in many contracts.
Underlying Limit Requirements
Carriers require you to carry specified underlying limits first, commonly $250,000/$500,000 auto bodily injury and $300,000 home liability. This is another reason state minimum limits are a dead end.
Who Needs One Most
Anyone with assets, income to garnish, a teen driver, a pool, a dog, a boat, or a rental property.
- Teen or newly licensed drivers in the household
- Rental or investment property owners
- Frequent hosts and volunteers
- Households with pools, trampolines, or watercraft
Frequently Asked Questions
How much does a $1 million umbrella cost?
For many families it is a few hundred dollars per year, depending on drivers, vehicles, and properties.
Does an umbrella cover my business?
Personal umbrellas exclude business activity. Commercial umbrella or excess liability handles that exposure.
Talk to a Licensed Florida Agent
SunGate Insurance Agency is a locally owned and operated independent agency in Lake Mary, Florida, serving clients across the state. Send us your current declarations page or a competing proposal and we will show you exactly what changed — in writing. Call 407.878.7979 or start with our quote calculator.
Questions about your coverage?
Our licensed agents compare carriers to find the right protection at the right price.