Personal Umbrella Insurance

Personal Umbrella Insurance

Personal umbrella insurance from Think Preferred insurance agency in Sandy, Utah


Umbrella Policy

Personal umbrella insurance, also known as an Umbrella policy, gives you excess liability coverage above the limit of your underlying policies. It’s called an Umbrella because it extends liability coverage over your other insurance policies. For example, if your net worth (assets – debts = net worth) is $1,200,000 and your auto, home, and motorhome policies all have $300,000 in liability limits, and you caused bodily injury and property damage to someone else, without an Umbrella policy you could be held liable for any amount above the $300,000. A $1,000,000 Umbrella policy, however, would increase your liability limits to $1,300,000 (the underlying policy limits plus the Umbrella limit), which would protect your net worth in the event of a lawsuit. Umbrella policies may also broaden coverage and “drop down” when a coverage gap exists in an underlying policy.

You may also want to consider an Umbrella policy if you have a swimming pool, trampoline, or other amenity that has the potential to cause harm. For more information about Umbrella policies and other strategies to protect your net worth, contact Think Preferred today.


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Are you ready to save time, aggravation, and money? The team at Wasatch Preferred is here and ready to make the process as painless as possible. We look forward to meeting you!

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