Extra Liability Protection for What You've Worked Hard to Build

A serious accident or lawsuit can quickly exceed the liability limits on your auto, homeowners, boat, or recreational vehicle insurance policies.

 

Personal Umbrella Insurance provides an additional layer of liability protection above your 6underlying insurance policies, helping protect your assets, savings, future earnings, and financial security.

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At M&M Insurance Agency, we help individuals and families throughout Michigan and Wisconsin determine whether an umbrella policy is right for their situation.

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What Is Personal Umbrella Insurance?

A personal umbrella policy provides additional liability coverage once the liability limits on your underlying policies have been exhausted.

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Think of it as a second layer of protection.

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For example:

• Auto Liability Limit: $300,000

• Lawsuit Settlement: $1,000,000

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Without an umbrella policy, you could be personally responsible for the remaining $700,000.

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With a $1,000,000 umbrella policy, the additional liability protection may help cover those costs, subject to policy terms and conditions.

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What Does an Umbrella Policy Cover?

Personal umbrella insurance may provide protection for:

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Serious Auto Accidents

Additional liability protection when injuries or damages exceed your auto insurance limits.

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Homeowner Liability Claims

Protection if someone is injured on your property and the claim exceeds your homeowners policy limits.

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Recreational Vehicle Accidents

Coverage for qualifying incidents involving:

• ATVs

• UTVs

• Snowmobiles

• Boats

• Personal watercraft

• Motorhomes

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Personal Injury Claims

May provide protection for claims involving:

• Defamation

• Libel

• Slander

• Certain invasion of privacy claims

 

Coverage varies by carrier and policy.

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Who Should Consider Umbrella Insurance?

Umbrella insurance can be valuable for many individuals and families, especially those who:

• Own a home

• Own multiple vehicles

• Have teenage drivers

• Own recreational vehicles

• Own rental properties

• Have significant savings or investments

• Have future income they wish to protect

• Frequently entertain guests

• Serve on boards or volunteer organizations

 

Even individuals with moderate assets may benefit from the additional protection an umbrella policy provides.

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How Much Umbrella Coverage Do I Need?

Common umbrella limits include:

• $1 Million

• $2 Million

• $3 Million

• $5 Million or more

 

The appropriate limit depends on your:

• Assets

• Income

• Exposure to liability risks

• Property ownership

• Number of vehicles and drivers

 

We can help evaluate your situation and discuss available options.

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Is Umbrella Insurance Expensive?

Many people are surprised by how affordable umbrella coverage can be compared to the amount of protection it provides.

 

For many households, a $1 million umbrella policy may cost only a few hundred dollars per year depending on:

• Number of vehicles

• Number of drivers

• Driving records

• Property ownership

• Recreational exposures

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Common Situations That Lead to Large Liability Claims

Large lawsuits can result from:

• Serious auto accidents

• Accidents involving teen drivers

• Dog bite incidents

• Guest injuries

• Recreational vehicle accidents

• Boating accidents

• Rental property claims

• Social host liability situations

 

A single claim can create financial consequences that last for years without adequate protection.

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Why Choose M&M Insurance Agency?

We take the time to understand your complete insurance picture.

 

When reviewing umbrella coverage, we help:

• Evaluate current liability limits

• Identify potential coverage gaps

• Review underlying policy requirements

• Coordinate coverage across policies

• Compare available options

• Explain coverage in plain language

 

Our goal is to help you make informed decisions about protecting your financial future.

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Frequently Asked Questions

 

Does umbrella insurance cover my own injuries?

No. Umbrella insurance is designed to provide additional liability protection for damages or injuries you may be legally responsible for causing to others.

 

Do I need umbrella insurance if I already have high liability limits?

Possibly. A serious lawsuit can easily exceed even high liability limits.

 

Can umbrella insurance cover my teenage driver?

In many cases, yes, provided the underlying policies meet carrier requirements.

 

Do I need umbrella insurance if I have a boat or ATV?

Many people with recreational vehicles choose umbrella coverage because accidents involving these vehicles can result in substantial liability claims.

 

Is umbrella insurance only for wealthy people?

No. Anyone with assets, income, or future earnings to protect may benefit from umbrella coverage.​