Umbrella Insurance in Mount Prospect & Beyond
Extra Protection for Life’s Biggest Risks
Umbrella insurance provides an additional layer of liability coverage that goes beyond the limits of your home, auto, or other underlying policies. If a major accident or lawsuit exceeds those limits, an umbrella policy steps in to cover the remaining damages — helping protect your savings, home, and future income. Because liability claims from serious injuries or property damage can quickly surpass standard limits, umbrella insurance offers peace of mind at an affordable cost. Whether you’re a homeowner, parent of a teen driver, landlord, or simply someone wanting extra protection, we’re here to help you understand what coverage you may need.
What’s Included in an Umbrella Policy
Excess Liability Coverage
Umbrella insurance adds protection above your auto, home, or renters liability limits. Coverage typically begins after your underlying policy limits are exhausted.
High-Limit Protection
Policies are commonly sold in $1 million increments, offering significant additional coverage at a low cost. This helps ensure one major incident doesn’t jeopardize your financial future.
Broad Coverage
Umbrella policies often cover a wide range of liability scenarios — including serious auto accidents, injuries on your property, or certain personal liability claims — providing a safety net when you need it most.
Protection for Additional Exposures
Landlords, boat owners, and volunteer board members often face extra liability risks. An umbrella policy can help protect against large claims tied to these activities.
Coverage Coordination
Umbrella insurers require minimum liability limits on underlying home and auto policies. We help ensure everything is structured properly so your coverage works seamlessly.
What to Expect From Our Team
We start by reviewing your existing home, auto, and other policies to identify your current liability limits and potential exposure gaps. Then we help you determine the right amount of umbrella coverage based on your assets, income, dependents, and lifestyle. As an independent agency, we compare multiple carriers to find affordable, high-limit protection suited to your needs. Once your policy is set up, we coordinate required underlying limits so everything works together as intended.
Understanding How Umbrella Coverage Works
Here’s a simple comparison to show where umbrella protection applies.
| Coverage Type | What It Covers | Why It Matters |
|---|---|---|
| Major Auto Accident | Auto liability covers up to its limit | Umbrella covers remaining damages above that limit |
| Severe Injury on Property | Homeowners liability covers initial portion | Umbrella adds additional protection if damages exceed limits |
| Teen Driver Accident | Auto policy covers first layer | Umbrella helps protect assets from a high-dollar claim |
| Landlord Liability | Rental property liability applies first | Umbrella expands protection for costly lawsuits |
Not sure if you need an umbrella policy? We’ll walk you through your risks and help you decide with confidence.
Common Questions About Umbrella Insurance
Do I need an umbrella insurance policy?
Umbrella insurance is recommended for anyone who wants stronger financial protection, especially homeowners, landlords, parents of teen drivers, or those with significant assets. It’s an affordable way to guard against high-dollar liability claims.
How does an umbrella policy work?
It sits on top of your home or auto policies, stepping in when their liability limits are exhausted. This provides extra financial protection during large claims or lawsuits.
Is umbrella insurance expensive?
Not at all. For the amount of coverage it provides — typically in $1M increments — umbrella insurance is very cost-effective.
Do I need to change my home or auto policies first?
Possibly. Umbrella insurers require certain minimum liability limits, and we’ll help ensure your underlying policies meet those requirements.
How much umbrella coverage should I get?
It depends on your assets, income, and risk factors. We’ll help calculate an amount that aligns with your financial situation and goals.
Protect Your Future With Extra Peace of Mind
A single accident shouldn’t put your savings, home, or livelihood at risk. Let us help you explore umbrella options and find affordable, high-limit coverage tailored to your life.
