Why Umbrella Coverage is a Must-Have
Most people think their home and auto insurance is “enough”, until life proves otherwise.
Here’s the reality: accidents, lawsuits, and unexpected events can spiral far past the limits of your basic policies. That’s where umbrella coverage comes in.
Think of it as a safety net that sits on top of your existing policies. Once your auto or homeowners’ policy maxes out, umbrella coverage kicks in to provide extra protection.
- Major Car Accidents – If you’re at fault in a serious crash and the damages exceed your auto limits, umbrella insurance covers the rest.
- Lawsuits – Whether it’s someone injured on your property or a defamation claim, legal costs can skyrocket. Umbrella helps cover defense and settlements.
- Property Damage – If you or a family member accidentally cause significant damage to someone else’s property, umbrella coverage has your back.
- Worldwide Coverage – Many policies extend protection anywhere in the world, not just at home.
Umbrella policies typically start at $1 million in additional protection and can go up in increments of $2 million, $3 million, even up to $10 million or more depending on the carrier and your needs. The right level depends on:
- The value of your home and assets
- Your income and future earnings potential
- Your lifestyle (teen drivers, rental properties, pools, etc.)
While almost anyone can benefit, umbrella coverage is especially important if you:
- Own a home, rental property, or vacation home
- Have a pool, trampoline, or dog (all increase liability risk)
- Employ household staff or host frequent guests
- Have teenage drivers or multiple vehicles
- Travel often or have significant savings and investments
- Want peace of mind knowing your future income is protected
Umbrella policies are surprisingly affordable for the amount of protection they offer. A few hundred dollars a year can safeguard your savings, home, and future earnings from being wiped out.
When life throws the unexpected, umbrella coverage keeps you protected.
Insurance products offered through First Commonwealth Insurance Agency, a licensed Insurance affiliate of First Commonwealth Bank.
| NOT Guaranteed by the Bank | NOT FDIC Insured | NOT a Deposit |
| NOT Insured by any Federal Government Agency | May Lose Value including Loss of Principal | |