Umbrella Insurance in Peoria, Phoenix and Across Arizona
Umbrella insurance provides an extra layer of liability protection above the limits on underlying policies such as auto insurance, homeowners insurance, condo insurance, and renters insurance.
Faithful Insurance helps individuals and families in Peoria, Phoenix, Glendale, Surprise, Scottsdale, and across Arizona compare personal umbrella insurance options through one independent local agency.
If you were found responsible for a serious accident, injury, or property damage claim, would your current liability limits be enough to protect your savings, home equity, future earnings, and other assets? Umbrella insurance is designed for that larger liability question.
How Umbrella Insurance Works
An umbrella policy generally sits above your existing liability limits. If a covered claim exceeds the liability limit on an underlying policy, the umbrella policy may provide additional protection up to the umbrella limit you choose.
For example, if you cause a serious auto accident and the total covered damages are $850,000, but your auto liability limit is $300,000, you could be personally responsible for the remaining amount. A properly structured umbrella policy may help cover the amount above your auto policy limit, subject to the umbrella policy terms.
Umbrella policies commonly start around $1 million in additional liability coverage, and higher limits may be available depending on the carrier and your situation.
Examples of Umbrella Insurance Claims
Umbrella insurance can be useful in more situations than many people realize. Examples may include:
Serious auto accidents – especially accidents involving multiple vehicles, major injuries, pedestrians, cyclists, or high medical costs.
Injuries at your home – such as a guest being seriously injured on your property and making a liability claim.
Dog bite claims – depending on the carrier and policy terms.
Condo or rental-related losses – such as liability involving property damage or injury tied to a residence you own or occupy.
Personal liability lawsuits – including certain covered claims that exceed the limits of your underlying policy.
Who Should Consider Umbrella Insurance?
Umbrella insurance is worth considering if you own a home, have teenage drivers, commute regularly, have a pool, entertain guests, own rental property, have significant savings, expect future income growth, or simply want more liability protection than your home and auto policies provide.
It can also be useful for families who want a more complete personal insurance program instead of looking at each policy in isolation.
How Much Does Umbrella Insurance Cost?
Umbrella insurance is often relatively affordable compared with the amount of additional liability protection it can provide. The final premium depends on factors such as the number of homes, vehicles, drivers, properties, prior claims, and the limit you choose.
Many carriers require certain minimum liability limits on your underlying auto, home, condo, or renters policies before an umbrella policy can be issued. Some carriers may also require that the underlying policy be written with the same company, while standalone umbrella options may be available in some situations.
How to Start Your Arizona Umbrella Insurance Quote
If you live in Peoria, Phoenix, Glendale, Surprise, Scottsdale, or elsewhere in Arizona and want to review umbrella insurance, Faithful Insurance can help.
Send us your current auto, home, condo, renters, or other personal insurance policies if available. We will review your liability limits, compare umbrella options, and help you decide whether an umbrella policy makes sense for your overall risk picture.