Personal Umbrella Insurance For Asset Protection

What Is Personal Umbrella Insurance?

Personal umbrella insurance provides additional liability coverage that goes beyond the limits of your auto, homeowners, or other insurance policies. When you're found liable for injuries or property damage that exceeds your underlying policy limits, your umbrella policy kicks in to cover the excess. This extra layer of protection shields your assets from lawsuits and claims that could otherwise devastate your financial security and everything you've worked to build.

Why You Need Personal Umbrella Insurance

• Protects your assets if you're sued for an amount exceeding your primary policy limits
• Covers incidents your primary policies might not, giving you broader protection
• Shields your savings, investments, and future earnings from lawsuits
• Provides coverage for legal defense costs in addition to claim payments
• Offers substantial protection at a relatively affordable cost
• Essential for high-net-worth individuals who are lawsuit targets

What Does Umbrella Insurance Cover?

Your umbrella policy extends liability coverage from your auto and homeowners policies when those limits are exhausted. It covers bodily injury liability if you cause a serious accident, property damage you're liable for, personal injury claims like libel or slander, and legal defense costs. Some umbrella policies also cover incidents not included in your underlying policies, such as false arrest, wrongful eviction, or invasion of privacy. The coverage follows you wherever you go, protecting you from claims arising anywhere in the world.

Who Should Consider Umbrella Coverage?

If you have significant assets to protect, you need umbrella insurance. Homeowners with substantial equity in their property should consider this coverage. Anyone with investment accounts, retirement savings, or rental properties benefits from the additional protection. Parents with teenage drivers face increased liability risk and should consider umbrella coverage. Business owners, professionals, and high-income earners are particularly vulnerable to lawsuits. The experienced agents at The Gordon Agency specialize in working with high-net-worth individuals to build comprehensive risk management programs that protect accumulated wealth.

How Much Umbrella Coverage Do I Need?

Your umbrella coverage should equal or exceed your total net worth to fully protect your assets. Our agents thoroughly review your existing coverages, your complete financial picture, and your risk exposure to recommend appropriate coverage amounts. We make it our mission to ensure that all your insurance needs are met comprehensively, giving you peace of mind that your assets are protected.