Extra protection so you can move on.
An umbrella policy helps protect you against accusations of libel, slander, and invasion of privacy lawsuits as well as liability cases. This insurance provides funds to help you defend or settle such suits, thus protecting your assets and your family from the prospect of having to file bankruptcy if you would lose such a case.
Personal liability insurance for the unexpected.
There's no denying that we live in a litigious society. What may be less clear is how vulnerable most of us are to a lawsuit due to our activities.
For example, if you volunteer at your local church or food bank, you might be sued if you're in an auto accident while driving for these causes. Do you sell crafts at local craft fairs? What would happen if someone was injured tripping over one of your displays? Extreme sports can also be risky and not just to your body. You might inadvertently cause a fellow hunter, skier, or motocross rider's injury.
In most cases, these types of cases are not covered under your homeowner's or standard auto insurance policies. That's where umbrella insurance comes in.
Custom insurance plans with great benefits.
Umbrella insurance is an affordable option that protects you and your family. In addition to personalized plans tailored to your needs, we also offer the following.
We're not an anonymous online insurance agency - we're Richmond area natives here to help protect the assets of our neighbors and their loved ones.
We specialize in tailored insurance policies that protect our clients and their families. As an independent agency, we are able to do the "shopping around" for you to find the best coverage at the most competitive rate.
Our agents are licensed and go through rigorous training. Our office has a combined total of 110 years experience in the insurance industry. You can trust that you're in good hands with us.
Founded in 1989, we've been serving the Greater Richmond area (and beyond!) with compassion and expertise for more than 30 years.
Annual reviews are crucial to preventing vulnerabilities in your policy. We'll ask you about any property, product, service, or fleet changes to your business so you can rest assured your assets are properly protected.
Even though you file your claims with the insurance carrier directly, we're here to guide you through every step of the process and fight on your behalf if it comes to that.
What does umbrella insurance cover?
We will tailor your umbrella policy based on your specific needs, but here are some of the most common coverages that come with business insurance.
Umbrella insurance safeguards you from paying out of pocket for what you may owe after your home or auto limits. This prevents you from losing your assets, like your home or car.
In addition to covering your legal bills, umbrella insurance may cover another person's legal bills if you're found responsible.
An umbrella insurance policy can help prevent you from paying out of pocket for another person's medical bills if you're found responsible.
Umbrella insurance doesn't just cover accidents. It can also protect you if you're sued for libel or slander.
Your questions answered.
Here are some of our most frequently asked questions regarding homeowners insurance policies.
Umbrella insurance is one of the more affordable insurance policies you can get. The cost depends on a few factors, including how much you want in insurance. On average, an umbrella policy with $1 million in coverage costs about $150 to $300 per year, according to the Insurance Information Institute.
Umbrella insurance never covers your own costs. It only helps cover expenses if you are sued for damages and are found at-fault. It also won't cover anything that is not included on your coverage, like criminal activity or exclusions listed in the policy. Common exclusions include your own injuries, damage to your own personal belongings, and property damage or injuries in certain instances, like using uncovered recreational vehicles or uncovered dog breeds.
Yes, you can get something called Commercial Umbrella Insurance for your business. This type of insurance extends the limits of some of your primary liability insurance policies, such as general liability insurance and commercial auto insurance.
Personal umbrella insurance policies range from $1 million to $10 million and is generally sold in increments of $1 million. You'll want to consider the worth of your assets. For example, if your net worth is $2 million, it would be wise to have $2 million in umbrella insurance.
Here are a few examples of how umbrella insurance would protect you:
1. Your dog runs out of the house and viciously attacks a neighbor who was going for a walk. Your neighbor sues you to cover her medical bills, lost wages, and pain and suffering.
2. Your daughter gets into a fight at school and punches another girl, breaking her nose. The girl’s parents sue you.
3. You cause a 10-car accident and your auto insurance property damage coverage isn’t high enough to replace all 10 accident victims' vehicles. Nor is your personal liability coverage high enough to pay for their medical bills.
4. You send sandwiches to your son’s school for a field trip lunch. Several students develop food poisoning and their parents sue you.
5. Your teenager throws a party at your house while you’re out of town. Someone brings alcohol to the party, and one of the guests is arrested for driving under the influence on the way home. You are sued.
Umbrella insurance covers not just the policyholder, but also other members of your family or household. However, make sure to ask your agent about how your policy defines a household member so you or a loved one won't be left vulnerable.
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