Umbrella insurance adds an extra layer of protection when you go over your limits.

Protect your financial future with umbrella insurance if coverage costs exceed your limits during a claim.

Homeowners insurance, auto insurance, and other personal insurance policies help protect your family and assets from a variety of common risks and hazards. But depending on the total value of your assets, some disasters may result in losses that exceed your insurance policy’s coverage limits.  

Personal umbrella insurance is designed to offer additional coverage that supplements your existing insurance policies. If you suffer losses greater than your existing policies’ coverage limits, an umbrella policy may help you cover the difference.

  What Does Personal Umbrella Insurance Cover? 

Personal umbrella insurance policies are designed to cover you against a wide range of claims that could potentially result in significant losses. These policies typically cover: 

• Personal injury 
• Property damage 
• Bodily injury 
• Certain lawsuits 
• Landlord liability 

This type of insurance generally does not cover personal belongings, intentional or criminal acts, or business losses. Be sure to review your policy information to understand the specific coverages offered by your policy. 

  How Does It Work?

Personal umbrella insurance provides additional coverage when you exhaust the coverage limits on your homeowners and auto insurance policies. For example, if your homeowners insurance policy offers $500,000 in liability coverage, and you are sued for $750,000 after someone suffers an injury on your property, your umbrella policy may cover the remaining $250,000. 

Personal Umbrella Insurance FAQs 

Still have questions? Here’s what you need to know about personal umbrella insurance in Florida: 

How much does it cost? 

The cost of umbrella insurance depends on several key factors, including:  

• Your coverage limits 
• Risk factors (e.g., having a swimming pool or trampoline) 
• Location 
• Driving records 
• Age of household family members

Your NSI Insurance agent will help you find an affordable policy that meets your coverage needs. 

How much coverage can I get? 

These policies are usually available in $1 million increments up to $5 million. How much coverage you need depends largely on the value of your assets and your risk profile. Your insurance agent will work with you to help you determine how much coverage you need for your circumstances. 

What are the requirements for personal umbrella insurance? 

Most insurance companies require individuals to meet certain underlying coverage requirements in order to purchase umbrella insurance. Typically, you will need to have at least $300,000 in liability coverage to purchase a personal umbrella policy.