Umbrella Insurance Tampa

Umbrella insurance refers to a liability insurance policy that protects the assets and future income of the policyholder above and beyond the standard limits on their primary policies. It is distinguished from excess insurance in that excess coverage goes into effect only when all underlying policies are totally exhausted, while umbrella is able to “drop down” to fill coverage gaps in underlying policies.^[1] Therefore, an umbrella policy can become the primary policy “on the risk” in certain situations. The term “umbrella” refers to how the policy shields the insured’s assets more broadly than primary coverage.

Typically, an umbrella policy is pure liability coverage over and above the coverage afforded by the regular policy, and is sold in increments of one million dollars. The term “umbrella” is used because it covers liability claims from all policies underneath it, such as auto insurance and homeowners insurance policies. For example, if the insured carries an auto insurance policy with liability limits of $500,000 and a homeowners insurance policy with a limit of $300,000, then with a million dollar umbrella, the insured’s limits become in effect, $1,500,000 on an auto liability claim and $1,300,000 on a homeowners liability claim.

Umbrella insurance provides broad insurance beyond traditional home and auto. It provides additional liability coverage above the limits of homeowner’s, auto, and boat insurance policies. It can also provide coverage for claims that may be excluded by the primary policies. These may include, but are not limited to:

False arrest

Libel

Slander

Invasion of privacy

Let our professional representatives and agents impress you with their attention to your needs. We will be glad to show you the reason why, “your local agent does make a difference.”

If you live in the nearby community of Brandon, Clearwater, St Petersburg, Seffner, Valrico, Fish Hawk Ranch, River Hills, Bloomingdale, Lithia, Riverview, Summerfield, SunCity, Ruskin, Wimauma, or Plant City, we would love to hear from you. We’re here to serve you and your free insurance evaluation and estimate is only a click or call away.

You can always expect to receive amazing service at the best prices, there is no reason to delay. Let’s start your quote for Umbrella Insurance in Tampa, FL today.

With almost 40 years experience, we have seen, heard and insured just about every situation you can imagine. Call us today or begin your free, no obligation insurance estimate online for Umbrella coverage right now.