91% of Our Clients Have Umbrella Insurance: Here’s Why You Should Too

What’s Umbrella Insurance And How Does It Benefit Me?

Umbrella insurance is extra insurance that provides protection beyond existing limits and coverages of other policies. Umbrella insurance can provide coverage for injuries, property damage, certain lawsuits, and personal liability situations.

Umbrella Insurance Example

For a quick second, let’s take a moment to imagine a scenario playing out.

You’re driving around in your brand new 2022 Jeep Grand Cherokee. You take a glance over to change the song on your Spotify playlist and BOOM! You ended up running a red light and T-Boning another car. 

There happens to be immense damage to the vehicle and several passengers are insured. The other person’s car needs about $35,000 in repairs and hospital treatment of the injuries is around $250,000. The driver of the car, however, is a licensed business coach who is unable to work for about 6 months. Because of this, he decides to sue you for $200,000.

Now you owe around $485,000. If your car insurance limits carry only $300,000 in liability coverage, the remaining $185,000 would have to come out of your pocket. 

However, since you have an Umbrella, it would pay the difference on what you still owe ($185,000). It could also be used to cover any legal costs and slander in the lawsuit.

What Does Umbrella Insurance Cover?

  • Other parties’ funeral costs and injury treatments
  • Others’ property damage
  • Your legal defense costs
  • Liabilities that happen outside of the U.S.
  • Claims like libel, slander, defamation of character and invasion or privacy

What Does Umbrella Insurance NOT Cover?

  • Business losses
  • Intentionally harmful behavior
  • Your own injuries
  • Damage to your personal belongings
  • The liability you assume under contract

If you do not already have an umbrella on your policy, now’s the time to contact us today to get a quote.

Sherry BermanSherry Berman
17:55 08 Dec 22
We just moved over to e3 with Chris Stone, 1 1/2 years ago. Our house flooded during snowmeggedon in Texas last February. The insurance companies were overwhelmed with phone calls from Texas. Our insurance company was not responding to us on a timely basis, and because of the supply chain shortage, we knew we needed to act quickly. Chris knew who to talk to at our insurance company, and was a total advocate for us and made sure that our needs were being taken care of. Our last insurance agent was the advocate for the insurance company, not us. Chris knows the business inside out. He guided us along the process of what to do. e3 represents many different insurance companies, which gives Chris the ability to guide you into the best policy that meets your needs. He explains the insurance lingo in layman terms, and makes sure that you and your family are protected. My husband and I totally trust Chris to give us the best policy with in our budget.
Andy BermanAndy Berman
21:56 07 Dec 22
e3 Insurance and Chris Stone are simply the best!! After experiencing a flood in our house and a total redo necessary, Chris made the experience completely seamless!! There simply is no one better!!
Alex ThipkhosithkunAlex Thipkhosithkun
19:32 03 Nov 22
I can't say enough good things about Chris at e3 Insurance. He really is an expert in his field and was really helpful and thoughtful through my home and car insurance purchasing experience. But it doesn't stop there. Recently, I was facing a relatively stressful plumbing situation with my newly purchased house and after talking to Chris and putting me in contact with the right people, they had someone come out THAT afternoon-- Amazing!
Austin SandozAustin Sandoz
14:45 06 Oct 22
Chris was a client of mine for a long time. When I reached out to get a quote I was blown away. I found out my brand-new 2022 Jeep was severely underinsured and I had little to no protection for my assets.After comparing my old policy side by side with my new policy he was able to quadruple my coverage and protect my assets for LESS than what I was paying before. When it's done right, it's done right.
Sheryl KlousiaSheryl Klousia
14:29 06 Mar 22
Chris has been extremely helpful in finding us great policies for house and car insurance. He reviews our policy yearly to ensure we are getting the best rate and best coverage… and recommends changing when needed. We are very satisfied with his service… he has saved us so much over the 3 years that we have been with him ! So glad we found him. Our kids all use his services also !

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment