Umbrella insurance is a unique insurance product that pops up just when you need it – like an umbrella. It is not for everyone and a professional broker is the best person to speak with about whether you should have umbrella insurance connected to your standard insurance policies. There is no one answer to the titular question.

Umbrella insurance becomes active at certain levels of liability. In the event that your liability has surpassed your standard insurance limit  – meaning you are responsible for an amount that exceeds your standard insurance level.

This is an illustration: your standard insurance covers up to a certain amount for an accident that may have occurred in front of your business. The individual has received an award for an amount that exceeds the amount set by your standard insurance. Your umbrella insurance will cover the amount over the standard insurance level .

Umbrella insurance can attach to other insurance products as well. It is essential to speak with a professional so that they can let you know whether your particular situation dictates the necessity for this particular type of insurance product. There are various factors involved such as the type of businesses you own, (if any), Certain professions incur more liability than others. You must also discuss with your broker the levels of the standard policy.   

We look forward to helping you today to learn how we can craft the best umbrella policy for you.   

Contact one of our bright and knowledgeable insurance agents today by calling us or coming by our office in Edina, MN 55435. Not only can we help you with umbrella insurance we can also help you with your: auto insurance, home, commercial, boat/watercraft, life, health, recreational, renters, umbrella, and renters insurance. The brokers at Central Lakes Insurance Brokers are here to help.