How much umbrella insurance coverage do I need?

There's no set amount of umbrella coverage you should have as everyone's different. A good place to start is figuring out what property you have and its value. For example, you could list out your HouseVehiclesJewelryBaseball card, stamp, or other collection, etc.

Should renters get an umbrella insurance policy?

Whether you have a home or not, you may benefit from umbrella insurance. Like with homeowners, a good place to start is figuring out what property you have and its value.

How personal liability insurance works

Personal liability insurance is easier to explain with an example. Let's say you have an auto and umbrella insurance policy with Liberty Mutual. You have limits of Auto Liability: $250,000 per person and a total of $500,000 per accidentUmbrella: $1 million So instead of only having a liability limit of $250,000 per person, with an umbrella policy you'd have $1.25 million. Broken down, that's $250,000 auto liability+ $1 million umbrella= $1.25 million of liability coverage

What does umbrella liability insurance cover?

Umbrella liability insurance covers Extra liability coverage over the limits of your auto, home, watercraft, or RV policyWorldwide coverage Rental properties you ownPersonal injury if you're sued for Libel or slanderFalse arrestMalicious prosecutionViolation of right of privacyWrongful evictionWrongful entryPayment of defense costs, attorney fees, and other expenses associated with a lawsuit (defense cost coverage is in addition to policy limits)

Do I need umbrella insurance?

Umbrella insurance is right for anyone looking to protect their personal and financial well-being. A slip and fall on your property, a bad car accident, or even a defamation lawsuit are all things that can jeopardize your assets.

How to compare umbrella insurance companies

When comparing umbrella insurance quotes, you may see a lot of similarities. That goes for if you're looking for the best umbrella insurance or the cheapest umbrella insurance.

How much is umbrella insurance?

Generally, the less risk you have the lower your price may be. It all depends on your needs. Keep in mind that you can lower the cost of your premium by increasing your deductible if you prefer.

What do I need to start an umbrella quote?

Get a quote in minutes. Here's what you'll need: Basic information about your vehicles and propertyBasic information about you, any co-owners, and occupantsOwnership or mortgage status

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Should landlords have umbrella insurance?

Should landlords have umbrella insurance?

If you're a landlord, property owner, or real estate investor, umbrella insurance provides an extra layer of liability protection against incidents that could exceed the limits of your current insurance policy.

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What is a personal umbrella policy?

Umbrella insurance, sometimes referred to as personal liability insurance, is an option type of insurance that gives additional liability protection beyond the limits of your current policies. This can include

Let's say you're a property owner. While having a party someone is hurt. In this case you coul be legally responsible. If the damages are more than the liability limits of your property insurance, an umbrella policy can help pay the difference. If needed, it can also help with legal bills.

What liabilities are associated with being a landlord?

A landlord can be held responsible for a number of things. Common examples are

A tenant is injured after falling on a broken stair in a common area maintained by the landlord.
A landlord fails to tell tenants to use an alternate staircase while repairs are being made to a broken handrail.
A landlord fails to eliminate a potentially dangerous condition, like an uneven floor.
A landlord is accused of entering a tenant's residence that results in a dispute.

What are the main benefits of landlords having umbrella insurance?

There are many benefits to landlords having an umbrella policy. Some benefits are an umbrella policy helps provide landlords with

Additional financial protection if a liability lawsuit exceeds the existing landlord policy limits
Legal defense costs if a tenant files a lawsuit
Protection for libel or slander (ex., a dispute with a tenant leads to a claim)
Peace of mind for unforeseen liability lawsuits

Let's use an example of when umbrella coverage would kick-in. Your tenant slips on ice and needs medical attention. The medical bills are more than your landlord policy limit. Here your umbrella policy can help cover the costs. It can also help with any expenses if you're taken to court.

What are the main risks of a landlord not having an umbrella policy?

The main riske of not having an umbrella poicy is financial. Like other insurance, each policy is build to provide you with a specific amount of coverage. If a claim is brought and you owe more than the limit, you may be stuck having to pay out of pocket. If you don't have the money to pay, you may risk losing other assets like your cars, home, etc. With an umbrella policy, you can help give yourself extra protection.

How much does an umbrella policy for landlords cost?

It depends. Everyone's situation is different which come with wants and needs. For example, a landlord that rents a single-family home in a suburb, may be different than someone that rents out multiple luxury beach houses. In either situation, an umbrella policy can be an important part of any landlord's insurance needs.

In general, umbrella policies can be quite affordable. You may even qualify for a Multi-Policy Discount if you insure multiple products with a company like Liberty Mutual.

Learn more about umbrella insurance at or call use at 888-498-2145 to start your quote.

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Please note: Information presented on this page is intended to be general information about insurance and is not specific to Liberty Mutual policies. Policies and coverages vary by state and insurer. Contact your insurance company to understand specifics regarding your policy and coverages.