Umbrella Insurance

At Davis Insurance Group, we advise our Kentucky customers to consider umbrella insurance for an extra layer of protection.

What Is Umbrella Insurance?

Umbrella insurance is extra liability coverage that supplements your existing policies, such as auto, renter, or homeowner's insurance. It provides additional liability protection beyond the limits of your basic policies in case of a major lawsuit or accident for which you are found liable. For example, if someone sues you for a significant amount and the damages exceed the limit on your basic policy, umbrella insurance will provide coverage over those limits.

Who Needs Umbrella Insurance?

Umbrella insurance is beneficial for anyone who has assets they want to protect. Suppose you own property or have investments that could be at risk due to a lawsuit or accident with significant damages. In that case, umbrella insurance can provide an extra level of security beyond the limits of your traditional policy. Additionally, purchasing umbrella coverage is highly recommended if you are an employer, own rental properties, or have high-risk hobbies (like race car driving).

Why You Need Umbrella Insurance

Umbrella insurance provides an extra layer of financial protection for yourself and your family in case something unexpected happens that exceeds the limits on your current policies. With this added coverage, you can have peace of mind knowing that even if something very costly happens, such as a major accident involving injury or death to another person or damage to property, you'll be covered up to the limit specified by your policy.

Unexpected events happen every day and having adequate levels of liability protection is essential for protecting yourself and those around you from potential financial losses due to lawsuits or accidents with significant damage awards. If you own property in Kentucky or have investments at stake due to potentially high-risk activities like running a business, contact Davis Insurance Group to learn more about umbrella insurance.