Skip to main content

Umbrella Insurance Guide

By March 19, 2024March 27th, 2024No Comments

There will be a time when you might lose in a lawsuit due to accidents, and to prepare for that expensive loss, Umbrella Insurance will help you. It will provide you protection from financial loss in these unpredicted events. And the good news is you don’t need to be rich to afford Umbrella Policy since your wages can be set off.

What is covered?

This policy is like an extension in which it exceeds what are provided coverages in your Auto and Home Insurance policies. An umbrella policy also provides around $1 million to $5 million of extra coverage. And you can even add more if you have a lot of assets to protect. Yet, expect to pay hundreds of dollars annually for these coverages.

In terms of legal expenses due to lawsuits, it is also covered on top of the Umbrella policy. In case you need to attend legal proceedings, this policy will pay for the lost pay from your work. And since even the insurance company is at risk of losing more money, it’ll give you a better legal team to help you against lawsuits.

Umbrella insurance covers not only the policyholder but also its family. However, make sure that you understand well how this policy defines the family members to ensure the coverages you need. It could also cover your properties and vehicles outside the country and under other countries’ laws.

What isn’t covered?

The good thing about Umbrella Insurance is that it has a wider coverage, unlike other insurances. Still, it is not perfect and won’t cover anything under the sun. So here are some of the things that are not covered by Umbrella policy:

  • Your property damages – Umbrella policies only cover damages you’ve caused to others’ properties, not to yourself.
  • Intentional damages you and your family caused – If the policyholder intentionally hurt someone or damages others’ properties, the insurance wouldn’t cover lawsuits’ expenses.
  • Business liability – To cover liabilities related to business, you might want to consider getting a Business Insurance policy.


It is impossible to predict that you’ll never get sued even if you’re careful and don’t have any bad intentions for others. It is best to be prepared for what might happen instead of getting surprised by sudden financial loss due to lawsuits. And with that, Umbrella Insurance got your back.

At Mauser & Tobin Co., Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (516) 747-0171. Get your free quote today by CLICKING HERE.