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Umbrella insurance is personal liability coverage that fills the unexpected gaps that can appear between your policies. If a claim is filed that exceeds the total amount that your existing policy will pay, umbrella insurance closes that gap and ensures that you're not stuck digging into savings to cover an unexpected cost.

Umbrella Insurance FAQ:

What is umbrella insurance?

Umbrella insurance covers high costs that go beyond your existing policy, providing an additional layer of coverage in extenuating circumstances.

Do I need umbrella insurance?

The necessity of umbrella insurance varies from person to person. If you are constantly searching for the utmost level of insurance protection, then umbrella insurance may be a wise investment for the peace of mind that it brings alone. However, if you are someone who isn't at an above-average risk of being involved in a lawsuit, then umbrella insurance may not be as valuable.

What isn't covered by umbrella insurance?

While umbrella insurance covers a broad swath of situations, there is no insurance policy that provides complete comprehensive coverage. Umbrella insurance generally doesn't cover damage to your own property, business liabilities, and war-related liabilities.

How much does umbrella insurance cost?

In general, the cost of umbrella insurance is relatively affordable - by design. The insurance Information Institute claims that most $1M policies cost between $150 and $300 per year, rising in cost alongside the amount of coverage. These affordable prices are due to the requirement that most providers have in place to have the maximum amount of coverage on another policy before agreeing to umbrella coverage.

For policyholders that are seeking to increase their protection and minimize out-of-pocket costs when an expense arises, Lowry Insurance's team is ready to work with you to find a solution that fits your needs and your budget. Connect with us today to add umbrella insurance to your existing policy and gain complete peace of mind.