Umbrella Insurance

Umbrella Insurance

The purpose of insurance is to protect you against losses from unexpected events and situations that could cost you big money out of your pocket otherwise. You need to make sure that your savings and your assets are protected. Umbrella insurance is a liability policy that is completely separate from your other policies that provides liability coverage above and beyond the limits set in those other plans, such as your homeowners and automobile insurance policies. Things can happen in an instance that can change your life forever. If the worst case scenario becomes reality, you need to be prepared.

Umbrella Insurance Scenarios

You may think that umbrella insurance is unnecessary if you have standard coverages, but there are several situations where you may absolutely need it.


If you are found at fault in a car accident, your standard auto insurance plan will have a limit to how much coverage you have. What happens if the damages awarded are more than that limit? For instance, you may be liable for an award of $1,000,000, when your coverage is only for $300,000. Where does the rest of that amount come from? It comes from your pocket, or your savings, or by liquidating any assets you might have. An Umbrella policy extends those liability limits so that you have the protection you need so that you don’t have to declare bankruptcy or sell your house because of an accident.

Home Visitor

Another common scenario is when someone is hurt or worse on your property. Your children might be outside having innocent fun swimming in the pool, using playground equipment, or jumping on a trampoline. If someone is seriously hurt, you may be liable for huge medical bills or a devastating lawsuit. With umbrella insurance, you will be covered if the unthinkable happens.

Dog Walking

There are millions of dogs walking around neighborhoods all over the country. For the most part, these dogs are well-behaved and well-trained. However, they are animals, and they can be triggered or upset by things that you might not consider. If something happens and your normally friendly dog bites someone and causes an injury, you may be liable for big damages, such as medical bills and pain and suffering. If your homeowner’s policy is maxed out by those damages, then umbrella coverage will make up the gap.

Cost of Umbrella Insurance

One of the best things about umbrella insurance is how relatively inexpensive it is. There is a base rate which will fluctuate based on factors such as how many cars you own, and what type of protection you need. In general, if the unthinkable should happen, you are covered for pennies on the dollar and assume very little to no risk. If your premium is as high as $300 annually, it’s a great value if your insurance provider is paying out over $1,000,000. You shouldn’t put a price on peace of mind, but there’s a good chance that the price will be pretty low.

Medical bills are getting more expensive all the time. The country is more litigious than ever. It only makes sense to protect yourself against any liability that you might incur due to the unexpected. Talk to Plus One today about how you can add umbrella insurance to your insurance plan to keep yourself covered from the rain that could pour into your life at any time.


Plus One Insurance
3340 S. HWY 160
Suite 304
Pahrump, NV 89048