A personal umbrella policy provides $1 million to $5 million in additional liability protection above your auto and homeowners insurance — often for as little as $200 to $400 per year. Protect your assets, savings, and future earnings from costly lawsuits.
When a liability claim exceeds your auto or homeowners policy limits, the umbrella pays the excess — up to $1M, $2M, $3M, or $5M. A $750,000 auto claim against a $300,000 auto policy leaves $450,000 exposed. An umbrella covers that gap. For roughly $1 per day, you get protection that standard policies cannot provide. Call 302-351-3368 for an umbrella insurance proposal.
A personal umbrella policy provides additional liability coverage above and beyond your auto, homeowners, and other personal insurance policies. It covers excess bodily injury liability, property damage liability, and personal injury claims including libel, slander, and defamation. When a liability claim exceeds your underlying policy limits, the umbrella pays the excess up to your coverage limit.
Umbrella insurance is one of the most affordable coverage options available. A $1 million personal umbrella policy typically costs $200 to $400 per year for a family with clean driving records. Each additional $1 million in coverage usually adds $100 to $200 per year. We compare umbrella rates from Progressive, Chubb, Liberty Mutual, Selective, and Hanover to find the most competitive price.
Anyone with assets to protect should consider umbrella insurance. This includes homeowners, families with teen drivers, owners of swimming pools or rental properties, dog owners, high-income earners, and professionals. In Delaware, Pennsylvania, New Jersey, and Maryland, there are limited homestead protections, meaning your home equity and other assets are vulnerable to lawsuit judgments.
We generally recommend umbrella coverage at least equal to your total net worth, including home equity, savings, investments, and the present value of your future earnings. Most families carry $1 million to $3 million. High-net-worth individuals or those with elevated risk factors like teen drivers, rental properties, or swimming pools should consider $3 million to $5 million.