Umbrella Insurance

Comprehensive Umbrella Insurance for Extra Peace of Mind

Life can be unpredictable, and sometimes standard insurance policies aren’t enough to protect your assets. That’s where umbrella insurance comes in.

At GRIT Insurance, we offer umbrella insurance policies that provide additional liability coverage, ensuring you’re financially secure in the face of unexpected accidents or lawsuits.

What Does Umbrella Insurance Cover?

Umbrella insurance is designed to go above and beyond the limits of your existing policies, such as home, auto, or boat insurance. It provides:

• Excess Liability Coverage: Extends the liability limits of your underlying insurance policies.
• Legal Expenses: Covers attorney fees and court costs associated with a covered liability claim.
• Personal Liability Protection: Protects against claims such as libel, slander, or defamation of character.
• Worldwide Coverage: Many umbrella policies provide coverage for incidents that occur outside the U.S.

Why Do You Need Umbrella Insurance?

If you face a lawsuit or a significant liability claim, the costs can quickly exceed the limits of your standard policies. Without umbrella insurance, you could be forced to pay out of pocket, putting your savings, assets, and future income at risk.

Umbrella insurance is especially valuable for:

• Homeowners: Protect yourself from liability claims related to accidents on your property.
• Drivers: Gain extra protection if you’re involved in a serious accident.
• Landlords: Shield your assets from tenant-related claims.
• High-Net-Worth Individuals: Safeguard your wealth and future income from lawsuits.

Why Choose GRIT Insurance for Umbrella Coverage?

At GRIT Insurance, we’re committed to helping you protect what matters most. Here’s why clients trust us for their umbrella insurance needs:

• Comprehensive Options: We work with top-rated carriers to find the best umbrella policy for your situation.
• Personalized Service: Our agents take the time to understand your needs and tailor coverage to fit your lifestyle.
• Expert Guidance: We explain your options clearly, so you know exactly what’s covered.
• Affordable Rates: Umbrella insurance provides substantial protection for a surprisingly low cost.

How Umbrella Insurance Works with Your Existing Policies

Umbrella insurance supplements your current liability coverage by kicking in when the limits of your standard policies are exhausted. For example:

• If you’re responsible for a car accident causing $500,000 in damages and your auto policy covers $300,000, your umbrella insurance would cover the remaining $200,000.

This extra layer of protection ensures you’re not left financially vulnerable.

Frequently Asked Questions About Umbrella Insurance

How much umbrella insurance do I need?
The right amount depends on your net worth, assets, and potential risks. Our agents can help you assess your situation to determine the appropriate coverage.

Do I need umbrella insurance if I already have liability coverage?
Yes. While standard liability coverage offers protection, it may not be enough in the event of a large claim. Umbrella insurance provides added security for peace of mind.

Is umbrella insurance expensive?
Umbrella insurance is surprisingly affordable, often costing just a few hundred dollars per year for $1 million in coverage.

Does umbrella insurance cover business-related liabilities?
Standard umbrella insurance typically doesn’t cover business activities, but we can help you explore options for additional coverage if needed.