Umbrella Insurance

If you need or want more liability protection than you get from your home, auto, or any other insurance policy with liability coverage, you require umbrella insurance. At The Charles Connolly Agency in Delaware, we offer our customers the benefit of our experience and many choices.

What is umbrella insurance?

Umbrella insurance is the most misunderstood type of insurance. What it isn't is insurance on your umbrella. It is an additional layer of liability coverage above and beyond the coverage that you have on insurance policies that you already carry. Umbrella insurance does not stand alone. For it to work, you need to already have policies that it can enhance. Many policies include liability coverage, including home, auto, condo, rental, motorcycle, and boat.

What is liability coverage?

Life comes with many risks, and you never know when you will be faced with a situation that can result in being sued. When a judgment is made against you, you count on your insurance to meet that judgment. The amount being awarded has been continually rising, and if you are afraid your assets may be at risk, you need to do something to protect them.

How an umbrella policy works

When you are sued, you will have legal expenses and a judgment. You count on your liability coverage to protect you. If you have concerns about not having enough liability protection, an umbrella policy will provide an additional layer. Your primary liability coverage will pay up to your policy's limit, and then your umbrella insurance will kick in to continue your coverage. You can get an umbrella policy with coverage beginning at around a million dollars, which can go up from there.