Umbrella Insurance

If you’re concerned about not having enough insurance to protect your personal or corporate assets from lawsuits, then adding an umbrella insurance policy may be able to ease your concerns.

When you run a business or own a company, accidents, injuries, and property damage are all distinct possibilities. This is why business insurance comes in so many different forms, so you can have total coverage.

Umbrella Insurance Protection

Orlando | Sarasota | West Palm Beach

Your umbrella insurance policy (also known as extra liability insurance) goes into effect when the financial settlement of a lawsuit exceeds the liability amount of your property, vehicle, or business insurance. For example, if you are a homeowner with a dog and your dog mauls a visitor, you can be sued. If you are sued for $750,000 but your homeowner’s insurance only covers $500,000, then your umbrella policy will cover the remaining $250,000.Umbrea

In addition to this, your umbrella policy will pay for:
  • Legal fees
  • Medical treatment and funeral costs to others
  • Property damage or injuries to a tenant
  • Lawsuits involving personal attacks or defamation of your character
Your umbrella policy will not pay for:
  • Injuries or property damage you caused to others during recreational activities
  • Injuries or property damage you caused that are intentional or result from criminal activities
  • Injuries to yourself or damage to your personal belongings
An umbrella policy provides extra liability insurance on top of your existing insurance. This means that you must have a property, vehicle, or business insurance policy before you can purchase a policy. Extra liability insurance coverage starts at $1 million and is sold in $1 million increments.
Valuable Items insurance in Longwood FL

Valuable Articles Insurance

Homeowners’ insurance doesn’t cover everything. Make sure you’re protected with a valuable articles policy! Expensive valuables like jewelry, artwork, wine collections, stamp collections, and other collectibles need to be covered under an additional policy, and must be carefully documented by your insurance carrier. If you’d like help deciding if you need valuable articles insurance, you can trust SIG Insurance to help you make the right decision! 

Umbrella Insurance Recommendations By SIG - Serving all of Florida

Umbrella Insurance Recommendations

A rule to follow when purchasing umbrella insurance is to get enough insurance that will cover your current net worth and expect future earnings. When you choose SIG Insurance, one of our insurance brokers can provide you with umbrella insurance quotes. Through our consultations, we can help you to determine the right amount of coverage you need, at a monthly premium you can afford.

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Florida Blue Insurance Policies in Longwood FL

Umbrella Insurance in Loongwood FL

Do you need extra liability insurance?

Umbrella insurance is not required by law, and is not required to purchase a home, car, or watercraft. However, we recommend umbrella insurance if you own one or more of these large ticket items. It is also recommended if you:

  • Own a residential or commercial rental property
  • Have significant financial assets
  • Own recreational items or animals that can cause injuries
  • Coach youth sports
  • Participate in athletic activities that can cause injuries to others

Umbrella Insurance in Longwood FL, Melbourne FL and Venice FL

Serving the Entire State of Florida

Longwood | Orlando FL | Winter Springs | Casselberry | Altamonte Springs | Fern Park | Wekiwa Springs | Lake Mary | Alaqua Lake | Heathrow | Forest City | Melbourne | Cocoa

Titusville | Sanlando Springs | Palm Bay | Palm Shores | June Park | Venice | Nokomis | Laurel | Plantation | Osprey | Vamo | Siesta Key | Sarasota | Englewood | West Palm Beach