Umbrella Insurance

What is Umbrella Insurance?

Umbrella insurance provides additional liability coverage beyond the limits of primary insurance policies, such as home insurance, auto insurance, and commercial liability insurance. It acts as a financial safety net, offering broader protection against catastrophic events and large lawsuits that could exceed the limits of underlying policies.

What Does it Cover?

Umbrella insurance typically covers:

• Excess liability: Provides additional coverage limits beyond the underlying policies for bodily injury, property damage, and personal injury claims.

• Legal defense costs: Covers legal fees, court costs, and settlements associated with lawsuits or liability claims covered under the policy.

• Personal injury protection: Extends coverage for claims such as libel, slander, defamation, false arrest, and invasion of privacy.

Why is it Important in Florida?

In Florida, where lawsuits and liability claims are common, umbrella insurance offers essential additional protection for individuals and businesses. With the potential for significant financial losses resulting from lawsuits exceeding the limits of primary insurance policies, umbrella insurance provides peace of mind and ensures that policyholders are adequately protected against unforeseen risks and liabilities.