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Is an Umbrella Insurance Policy Worth it?

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September 1, 2022

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Is an umbrella insurance policy worth it? Yes, umbrella insurance is worth it. Every person needs an umbrella policy, no matter their income level.

An umbrella policy is an additional form of insurance that people purchase to cover liability if someone sues them. Being sued for an excessive amount of money doesn’t happen every day. Still, when it does, you will need additional coverage beyond your existing liability limits — or you can go bankrupt.

Why Do You Need An Umbrella Insurance Policy?

The answer is simple: liability. Essentially, the most common use for an umbrella policy is to protect individuals from incidents that may be excluded from their primary policy. Let’s say you’re involved in a car accident and injure someone. In that case, you could be liable for the other driver’s medical bills, and many car insurance policies will not cover that expense. Or, depending on how much coverage you have, your homeowner’s policy may not be sufficient to cover your losses if someone injured in your home decides to sue you.

An umbrella insurance policy protects you financially so that you don’t have to worry about how you will pay for an attorney and cover the requested damages.


A homeowners policy, for example, won’t cover most litigation-related costs. If your dog bites somebody, they can sue you for medical expenses, pain, and suffering. If you have an umbrella insurance policy and the person is injured to the point that they need to spend three months in a hospital, you must cover those costs.

An umbrella insurance policy fills those gaps and protects you, your family, and your assets!

How Much Coverage Should You Have?

There is no set-in-stone amount, but a good rule of thumb is ensuring you have enough to cover your total assets. This rule will protect you from liability that could come up unexpectedly.

What Does An Umbrella Insurance Policy Cover?

Among other things, an umbrella insurance policy will generally cover:

  • Personal injury claims
  • Attorney costs
  • Personal civil damages and claims

However, it typically does not cover business losses or criminal acts. It does cover most civil suits.

Get an Umbrella Insurance Policy Today!

An umbrella insurance policy is crucial to protecting you and your family from unexpected harm. No matter your situation, if you’re looking for an umbrella insurance policy, contact Magnolia Insurance Agency! Call our Georgia office at 770-213-5171 or contact us online! Our expert agents will walk you through your options and get you the best rates.

Umbrella Policy / By Magnolia Insurance Agency

Contact Us Today – 770-213-5171

Stephen Dufour
Owner, Magnolia Insurance Agency
Office: 770-213-5171
Fax: 770-338-6932

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