Umbrella Insurance in Albemarle, NC

Extra Liability Coverage When You Need It Most

Sometimes, accidents or claims can exceed the limits of your standard home or auto insurance policies. Umbrella insurance is designed to offer an additional layer of liability coverage, providing extended financial protection in the event of a large or unexpected claim.

At Mabry Insurance, we work with reputable carriers to help you explore umbrella insurance policies that complement your existing coverage. This type of policy can be especially helpful if you own property, have significant assets, or simply want added peace of mind.

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What Does Umbrella Insurance Cover?

Umbrella insurance typically applies after the liability limits on your home, auto, or other qualifying policies have been reached. While specifics vary by carrier, umbrella policies often help cover:

Bodily injury liability: Helps cover claims for injuries to others, such as from an auto accident or a guest falling on your property.
Property damage liability: May help cover costs if you’re legally responsible for damaging someone else’s belongings.
Personal liability situations: Depending on the policy, umbrella insurance may extend to situations such as libel, slander, or legal defense costs.

Worldwide coverage: Some umbrella policies may provide protection while traveling abroad, depending on the terms.

Umbrella insurance does not typically cover your own injuries or damage to your personal property. It’s designed to offer liability protection beyond what your existing insurance can cover.

Want to learn more about how umbrella insurance fits into your overall protection plan? Call 704-982-2149 to speak with one of our agents.

Frequently Asked Questions About Umbrella Insurance

Do I need umbrella insurance if I already have home and auto coverage?

Possibly. If you’re concerned about large liability claims, umbrella insurance can provide additional protection once your standard policy limits are exhausted. It can be helpful if you own property, have investments, or participate in activities that could increase liability risk.

How much umbrella insurance should I consider?

Coverage amounts often start at $1 million and can go higher depending on your needs. Factors like your assets, income, and lifestyle should all be considered. We can help walk through your risk profile and policy options.

Does umbrella insurance cover legal defense costs?

Yes, many umbrella policies include legal fees related to covered liability claims, which can be a major benefit if you’re sued and your primary insurance limits are reached.

Is umbrella insurance only for wealthy individuals?

Not at all. Anyone who could be at risk for a major liability claim may benefit. For many people, the cost of umbrella coverage is relatively affordable considering the added protection it provides.

What types of policies do I need to have in place first?

Umbrella insurance typically requires you to carry minimum limits on your underlying policies, such as home or auto insurance. We’ll help you confirm eligibility and review your current coverages.