Umbrella Insurance

Need protection from the unexpected? Umbrella insurance may be the answer.

What Is Umbrella Insurance?

An umbrella is an extra layer of liability protection that can help safeguard your finances in the event of a significant liability claim. If you’re sued for damages that exceed the limits of your auto or homeowners insurance policy, umbrella insurance can help cover the costs.

Umbrella is also known as excess liability insurance. Term Brokers Insurance can help you find the right umbrella policy to protect your assets. We work with various insurance carriers to find the best coverage for your needs.

How Does Umbrella Insurance Work?

Umbrella insurance kicks in when your auto or homeowners insurance limits have been reached. An umbrella policy provides additional coverage over and above the limits of your existing policy. For example, let’s say you’re at fault in a car accident that injures another driver. Your auto insurance will cover the other driver’s first $25,000 medical expenses, but what if the total bill is $75,000?

That’s where your umbrella policy would come in, paying the additional $50,000. Umbrella insurance can also provide coverage for damages not covered by auto or homeowners insurance, such as defamation or invasion of privacy.

What Does Umbrella Insurance Cover?

In Emerald Coast, umbrella insurance protects against major financial losses and lawsuits. It can cover claims that may be excluded by your home and auto insurance policies, such as defamation, slander, or invasion of privacy.

Umbrella insurance can also help cover the damages caused by your negligence. This can include:

Auto Accidents

Slip and Fall Accidents

Dog Bites

Defamation Claims

Libel Claims

With an umbrella policy in place, you can have peace of mind knowing that you are protected against any major financial losses.

Don't Be Caught In The Rain Without Umbrella Insurance

Term Brokers Insurance Services has the perfect solution for you with our Emerald Coast, Umbrella Insurance policy. This will protect you from any financial losses that exceed the limits of your regular insurance policy. Emerald Coast is a beautiful place to live, but the weather can be unpredictable.

You never know when a severe thunderstorm will roll in and cause damage to your property. If you don’t have umbrella insurance, you could be left holding the bill for repairs. Umbrella insurance is an affordable way to protect yourself from catastrophic financial losses. It’s a wise investment for anyone who owns a home or other valuable property in Emerald Coast.

Frequently Asked Questions

Q: Why would you want an umbrella policy?

A: An umbrella policy offers protection from large liability claims and can help you avoid financial ruin.

Q: What does an umbrella policy cover?

A: An umbrella policy will cover any claims that exceed the limit of your other insurance policies. It can also cover certain types of claims that may not be covered by your other policies, such as defamation or slander.

Q: How much does an umbrella policy cost?

A: The cost of an umbrella policy depends on several factors, including the amount of coverage you need and the deductible you are willing to pay.

Q: Who needs umbrella insurance?

A: While anyone can benefit from umbrella insurance, it is essential for people at risk of being sued for a large amount of money. This includes people with many assets, such as a home or investment property, and people who are likely to be sued for their professions, such as doctors or lawyers.

Q: What happens if I don't have umbrella insurance and get sued?

A: If you don’t have umbrella insurance and are sued for an amount exceeding the limit of your other insurance policies, you will be responsible for paying the remainder out of pocket. This could lead to financial ruin.

Q: How can I get umbrella insurance?

A: You can usually add umbrella insurance to your existing home or auto policy. You can also purchase it as a standalone policy. Be sure to shop around and compare rates from different insurers before you buy.

Why Choose Us

Reach Us Now

Are you looking for a comprehensive umbrella insurance policy? If so, you’ve come to the right place. At Term Brokers, we understand the importance of comprehensive umbrella insurance. We’re here to help you find the perfect policy for your needs. Contact us today at 850-864-2000 to learn more!