Umbrella Insurance

Umbrella insurance gives you an additional layer of liability coverage above your homeowner’s, renter’s, auto, and other policies. Your car, house, investments, and retirement accounts, as well as your normal checking and savings accounts and even future income, are all considered assets. It is important to know that if you are sued for a lot of money and do not have enough liability insurance or an umbrella policy to cover those costs, all of your assets are exposed.


Did you know?

People bitten by dogs each year

According to the Centers for Disease Control and Prevention, about 4.5 million people are bitten by dogs each year and about 885,000 require medical attention for these injuries; about half of these are children.

Dog bites (and other dog-related injuries) accounted for more than one-third of all homeowner’s insurance liability claim dollars paid out in 2016, costing in excess of $600 million, according to the Insurance Information Institute.

Colorado passed a law in April 2004 (HB04-1279) making dog owners liable for any serious bodily injury their dogs cause another person, regardless of the dog’s history and likelihood of being vicious.

Do you have a pool, trampoline or play equipment in the backyard? What if someone gets hurt using one of these items on your property and files a lawsuit against you? Are you covered? Not every homeowner’s policy covers these three common backyard luxuries. In this case, you may want to consider an umbrella policy.


The Benefits of an Umbrella Policy: Peace of Mind

A typical auto policy protects you for up to  a maximum of $500,000 in liability coverage. Keep in mind, if you or one of your family members causes damage, injury, or death to another party, the costs could run into the millions. If you are sued, the umbrella policy covers the settlement, plus attorneys’ and court fees. So the umbrella policy prevents the possibility of financial ruin due to a misstep or unforeseen accident. Coverage typically starts in the range of $150-$200 for a $1 million policy – a fair price in exchange for the peace of mind that your  home, bank accounts, or future income won’t be in jeopardy over an unfortunate incident.

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Request a free quote today. Our team is looking forward to helping you find the best coverage to fit your needs.