Protect Yourself with an Extra Layer of Coverage
Life doesn’t always go according to plan. A serious car accident, an injury on your property, or an unexpected lawsuit can quickly exceed the liability limits of your homeowners or auto insurance. That’s where umbrella insurance comes in.
Just like a physical umbrella shields you from a storm, a personal umbrella insurance policy sits over your existing insurance policies, providing additional liability protection when you need it most. At Sarvey Insurance, we’ll help you determine the right level of coverage to protect everything you’ve worked hard to build.
What Is Umbrella Insurance?
Umbrella insurance is a type of excess liability insurance that extends the liability limits of your existing homeowners, auto, or other personal insurance policies. It doesn’t replace your current coverage– it provides an additional layer of financial protection when a covered claim exceeds the limits of your primary policy.
Without personal umbrella insurance, you could be responsible for paying the remaining costs out of your own pocket, potentially putting your savings, investments, future earnings, and other assets at risk.
Here’s a simple example.
Pennsylvania only requires drivers to carry minimum bodily injury liability limits of $15,000 per person and $30,000 per accident. Imagine you’re involved in a serious accident and the other driver’s medical expenses total $350,000. Even if you’ve increased your auto liability limits to $250,000, you’re still responsible for the remaining $100,000.
An umbrella insurance policy can step in to cover that excess liability, helping protect your finances from a life-changing event.
Who Needs Umbrella Insurance?
Many people assume personal umbrella insurance is only for the wealthy. In reality, anyone who owns a home, has savings, or earns an income worth protecting should consider adding this extra layer of liability coverage. Add coverage if you:
Own a home or rental property
Have a swimming pool, trampoline, hot tub, or other features that increase liability risk
Own a dog
Have a teenage driver on your auto insurance policy
Volunteer, coach youth sports, or serve on community boards
Excess Bodily Injury
Medical expenses, rehabilitation costs, or other damages if someone is seriously injured because of an accident you’re legally responsible for.
Excess Property Damage
Repairs or replacement costs when damage exceeds the liability limits of your underlying insurance policy.
Personal Injury Claims
Coverage for claims such as libel, slander, defamation, false arrest, or invasion of privacy that may not be included under standard homeowners or auto insurance.
Legal Defense Costs
Attorney fees, court costs, and other covered legal expenses associated with defending a lawsuit.
Important Note | Personal umbrella insurance does not cover business-related liability.
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