Insurance TypesUmbrella Liability Insurance

Umbrella Liability Insurance

Extra liability protection beyond standard policy limits covering major incidents and protecting personal assets.

Key Benefits

Coverage starts at $1M typically

Covers excess liability beyond underlying policies

Much cheaper than increasing base policy limits

Protects personal assets from major litigation

Available for portfolio of properties

Ideal For

Multi-property investors

High-net-worth individuals

Investors with liability exposure

Portfolio protection strategy

Coverage Highlights

  • Excess liability coverage
  • Personal asset protection
  • Coverage for multiple properties
  • Defense cost coverage
  • Broader coverage than underlying policies

Average Cost

$200-$500/year for $1M coverage

Actual costs vary based on property details, location, claims history, and specific coverage limits.

Common Misconceptions

Umbrella insurance stands alone (requires underlying policies)

All incidents covered by umbrella (must be covered by base policy first)

Expensive per million dollars of coverage (actually very affordable)

Only needed for large portfolios (valuable at any property count)

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