Personal Umbrella Insurance

Personal umbrella insurance may help protect your assets by providing an extra layer of liability coverage beyond the limits of your standard home, auto or boat insurance policies. This type of insurance is essential for anyone looking to protect their wealth in the face of unexpected events.

For residents of Mount Dora, Florida, Maranatha Tax & Insurance Agency is a trusted provider of reliable insurance solutions. With our expertise and commitment to customer satisfaction, we can help you find a personal umbrella insurance policy that fits your needs and safeguards your future.

What Do Personal Umbrella Policies Cover?

To purchase an umbrella policy, you typically need a certain minimum level of liability coverage on your underlying policies, such as home or auto insurance. Here are some key coverages it generally includes:

• Excess liability coverage—This may kick in when the liability limits of your underlying policies (like homeowners or auto insurance) are exhausted. It can cover legal fees, court costs and any settlements or judgments against you.

• Broader coverage—This may cover incidents that your standard policies might not, such as libel, slander and false imprisonment.

• Worldwide coverage—Many umbrella policies can offer protection even when you’re traveling abroad.

• High limits—These policies usually start at $1 million in coverage and can go higher, providing significant financial protection.

• Personal injury—This can include non-physical injuries like defamation, which your other insurance policies might not cover.

How Much Does it Cost?

Personal umbrella insurance is relatively affordable, especially considering the extensive coverage it provides. The exact cost can vary based on factors such as your location, the amount of coverage you need and your risk profile.

Choose Maranatha Tax & Insurance Agency

If you’re looking for an insurance policy or want to assess if your current coverage is sufficient, reach out to our team at Maranatha Tax & Insurance Agency. We can help ensure you have the right coverage for your property. Contact us today or request a free quote.