Even strong auto and home policies have limits. An umbrella policy adds an extra layer of liability protection on top of what you already carry — so a serious accident or lawsuit doesn’t reach into your savings, your home, or your future earnings.
How umbrella insurance works
When a covered claim exceeds the liability limits on your auto, home, or other policy, your umbrella policy can kick in to cover the difference — typically in increments of $1 million. It’s broad, affordable protection for the unexpected.
What it can help protect against
- Major auto accidents where damages exceed your auto limits.
- Injuries to guests on your property.
- Certain personal liability and lawsuit claims.
- Legal defense costs tied to a covered claim.
Why an umbrella policy matters
Your auto and home policies include liability coverage, but those limits can be exhausted faster than most people expect. A serious car accident, an injury on your property, or a lawsuit can lead to a judgment that climbs well past your underlying limits, and once those run out, your savings, your home, and even your future earnings can be exposed. An umbrella policy adds an extra layer of liability protection on top of your existing coverage, typically in increments of a million dollars, for a surprisingly modest cost. For many Maple Grove families, it is one of the most affordable ways to protect everything they have worked to build.
Who benefits from umbrella coverage?
Umbrella insurance is not just for the wealthy. If you own a home, have teen drivers, own a pool or trampoline, host guests, serve on a board, rent out property, or simply have assets and future income worth protecting, you have liability exposure worth covering. We look at your full picture, including the assets you want to shield and the everyday risks your household faces, and recommend a coverage amount that gives you real peace of mind without overpaying.
Umbrella insurance FAQs
How much umbrella coverage do I need?
A common guideline is to carry enough umbrella coverage to protect your net worth, and often your future income as well. Because the cost per million is relatively low, many households find it worthwhile to carry more than they first assumed. We help you land on the right number.
Do I need to have home and auto with you to get umbrella?
An umbrella policy sits on top of underlying auto and home (or renters) coverage that meets certain minimum liability limits. We can review your current policies and coordinate everything so your umbrella works the way it should.
Is umbrella insurance expensive?
Generally, no. Umbrella coverage is one of the better values in insurance, offering a large amount of additional liability protection for a comparatively small annual premium. We can give you an exact quote based on your situation.
Is umbrella coverage right for you?
If you own a home, have savings, drive regularly, or simply want extra peace of mind, an umbrella policy is often surprisingly affordable for the protection it provides. We’ll help you figure out the right amount.
An umbrella policy works alongside your other coverage. It sits on top of your auto insurance and home insurance for extra protection. See everything we offer at our Maple Grove insurance agency.