Why You Need Personal Umbrella Insurance

Protecting Your Future Beyond Standard Coverage

Extra Liability Coverage Beyond Standard Limits

Standard policies (auto, homeowners, renters) provide basic liability protection. However, in serious accidents or lawsuits, these limits can be exceeded—leaving your assets vulnerable. A personal umbrella policy provides additional coverage, often starting at $1 million, that kicks in once your base policy limits are reached.

Covers Gaps & Unusual Claims

Umbrella insurance can also cover claims that standard policies don’t, such as libel, slander, defamation, and even certain lawsuits while traveling abroad. It can also offer protection in cases involving false arrest or landlord liabilities.

Affordable Protection for High-Payout Risks

For about $200–$500 per year, you can get $1 million in added liability protection. Considering that one serious claim can cost hundreds of thousands or more, the price is remarkably reasonable for the peace of mind it brings.

Essential for Risky Assets & Liabilities

• Own a pool, trampoline, or dog?
• Have teen drivers or frequently host gatherings?
• Have substantial assets, retirement savings, or investment property?

If you answered yes to any of these, umbrella insurance is an essential layer of protection.

How It Works: A Real-World Scenario

Imagine you’re in a car accident that results in $500,000 in damages, but your auto policy only covers $300,000. Your umbrella insurance would cover the remaining $200,000—saving your savings or assets from being liquidated.

Keep Up with Inflation & Rising Claim Costs

Legal and medical expenses continue to rise. Adjusting your coverage to match your current net worth ensures you’re fully protected. Umbrella policies help you stay ahead of the increasing cost of liability claims.

Is It Worth It?

If you have any assets worth protecting or engage in activities that increase your exposure to liability, umbrella insurance is worth every penny. It provides security and financial resilience when you need it most.

Contact Us Today

At Dick Watts Insurance, we’re here to help you find the right umbrella policy to safeguard your future. Call us at 502-245-3625 or visit our website to learn more.

We offer stand-alone personal umbrella insurance policies, even if your home and auto insurance are with another company. This provides you with the flexibility to add an extra layer of liability protection—typically $1 million or more—without needing to switch your existing coverage. Our umbrella policies help safeguard your assets and future income in the event of a major accident or lawsuit, giving you peace of mind no matter where your primary policies are held.