Personal Umbrella Insurance2023-09-25T09:31:10-04:00


Personal Umbrella Insurance

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Have you considered getting a personal umbrella policy? While you may have good car insurance and homeowners insurance policies, they may not be enough if someone gets severely injured on your property or in your vehicle or an expensive piece of personal property is damaged. In these instances, you may benefit from also having a personal umbrella policy.

Personal Umbrella Insurance

Personal umbrella insurance helps if your standard or basic insurance policies reach their limits before the entire claim is paid. For example, let’s say you’re involved in a car accident, and that accident was determined to be your fault. The claim for the accident is 250,000 dollars. Your current auto policy has a limit of $100,000. If you have a personal umbrella policy, that policy would pay the remaining 150,000 dollars. Without an umbrella policy, you’d have to pay the remainder from your own finances.

What Our Customers Say

It was a pleasure to have Joe help us with our new insurance. He is there for you through every step!
Robert Kahn
19:58 06 Jun 24
Joe Boyle is always helpful! I appreciate that he gets the best quotes and with speedy and kind service
19:24 06 Jun 24
Joe Boyle was able to save me $620 on my home insurance without drastically cutting any coverages! Super fantastic, he really knows his stuff 😄
Sara Chieffalo
21:24 05 Jun 24
I called Joe Boyle at Fearnow insurance as I have existing home insurance with Fearnow today with my home in Tampa which Joe took care for me. I explained to Joe I needed new insurance for my second home 400 miles away and asked if he can help me .In just a couple of days Joe called me with a quote and assisted me thru the complete process and saved me over a $1000.I cannot think Joe enough for all he did for me and my family and resolving this issue.Thank you again Joe Boyle
Rita Lewis
12:25 22 May 24
Mr Lamarr Batittiste helped us again with easy payment to renew our policy. His knowledge of insurance and payment procedures is just what we needed!! We recommend him and already consider him a friend!
melody hendricks
14:35 15 May 24
Fearnow Insurance is far and away one of the best companies I've ever worked with in any capacity. They care. They're also smart and efficient. I trust them with everything I own - cars, home, and especially business. Fearnow Insurance should always be your first call. I give them my highest recommendation.
Todd Wiseman
19:42 14 May 24
They take care of me everytimeThey wrap the flowers very beautifully the prices are reasonable. I live in Fl and my girlfriend is in New York and they are very consistent with delivery and communication.
Juan Villagrana
16:40 03 May 24
Fearnow Insurance exceeded my expectations. Joe was great to work with. Very knowledgeable. After dealing with some issues to get some needed documents, Joe jumped right in and was able to clear things up in a matter of a few minutes.
Mary Brown
09:05 26 Apr 24
Joe is always friendly, prompt, and gets me the best rates. He has helped me for home and auto!
Kelly Roy
22:14 15 Apr 24
My Agent, Joe was great. He tried to help me get the best price that he could. He cares about his clients. He even did a follow up to make sure I didn't have any problems and he will answer any questions you may have
14:51 31 Mar 24

The Fearnow Agency Advantage

  • We work for you, not the insurance carriers, to ensure your claims are processed efficiently and are paid out quickly.
  • Unlike a single-company agency, we have access to over 100 carriers, so we’re never limited in the services we can provide you.
  • We can save you up to 37% in insurance cost, or get better coverage for the same cost.
  • We always provide full disclosure of plan inclusions and exclusions.
  • We offer customized plans tailored specifically to your needs, instead of forcing you into a pre-packaged solution that won’t really work for you.
  • Our agents are continuously training, so they stay the leading experts in their field.

Personal Liability Coverages

Personal liability insurance policies cover bodily injury, personal injury, and property damage. It’s important to note that an umbrella policy extends certain coverages that you already have and pays any overages that those policies do not cover.

Bodily Injury Coverage

The bodily injury coverage pays for expenses that are related to accidents. Most policies cover medical costs and loss of income for the injured people, and it covers funeral expenses if anyone died in the accident. For example, let’s say someone is badly injured in your backyard pool and requires surgery. If your homeowners policy only covers up to $200,000 in medical expenses and the cost of all the medical care is $400,000, your umbrella policy would cover the remaining $200,000.

Personal Injury Coverage

Personal injury coverage covers the costs associated with lawsuits if you are accused of certain things, libel, slander, invasion of privacy, and defamation. This coverage may also pay excess expenses if you are the cause of someone’s false arrest. For example, if you post something online that defames or slanders someone else and that person sees the post, they may sue you. If those costs are more expensive than your standard policy limits, you could be forced to pay the excess from your own personal finances unless you have an umbrella insurance policy.

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Property Damage Coverage

This policy covers the damage or loss of use of someone else’s property. For example, if your dog eats someone else’s expensive jewelry, you’d be responsible for having that jewelry repaired or replaced. In most instances, your standard coverage would pay those expenses. However, if it’s an extremely expensive piece of jewelry, your standard limits may not be enough. Under umbrella coverage, that policy would pay the remainder of the expenses.

Understanding Who’s Covered on an Umbrella Policy

The policyholder and their spouse are covered under the umbrella policy, as is any relative or dependent living in your home. You can also have others listed on the policy if you want to include them in the coverage.

What an Umbrella Policy Does Not Cover

It’s important to note that a personal umbrella policy does not cover every scenario or situation. If you have a business, your personal umbrella policy wouldn’t cover any damages. Instead, you’d need a commercial umbrella insurance policy. Also, personal umbrella insurance does not cover your personal belongings or any damages associated with an oral contract. You also may not be covered if damages occur during an intentional criminal act.

How to get Umbrella Insurance

It’s important to note that umbrella insurance isn’t a stand-alone policy. It’s meant to cover overages in case your standard policy limits are reached, and there is still money that needs to be paid to resolve the claim. Therefore, you need to have standard policies before getting umbrella insurance. Policies you may need before getting umbrella insurance include:

  • Car insurance – for your personal vehicle
  • Homeowners insurance – for your primary residence
  • Secondary homeowners insurance – for any additional homes you may own, like a vacation home
  • Renters insurance – If you rent your dwelling instead of owning it
  • Motorhome insurance – if you own a motorhome

Getting Personal Umbrella Insurance with Fearnow

Our agents at Fearnow can help you get umbrella insurance so that you are fully covered in the event of a high-dollar claim. Our agents can answer your questions, determine if you have the correct standard coverage, and provide you with a detailed quote for personal umbrella insurance. If you do not have the appropriate standard coverages, like homeowners insurance or car insurance, we can also give you quotes for those policies.

To learn more about personal umbrella insurance and to get a free quote, give us a call at (813) 689-8878.