When it comes to protecting the things that matter most, most people think of auto insurance, home insurance, or maybe renters insurance. But what happens if something big happens—something that goes beyond the limits of your existing policies? That’s where personal umbrella insurance comes in.
So, is umbrella insurance really worth it? Let’s break it down.
What Is Umbrella Insurance?
Umbrella insurance provides an extra layer of liability protection on top of your existing home, auto, or renters policies. Think of it as a safety net.
For example:
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If you’re at fault in a car accident that causes serious injuries and the medical bills exceed your auto policy limits, umbrella insurance can step in to cover the difference.
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If someone sues you after being injured on your property, umbrella insurance can help protect your assets, retirement savings, and even your future earnings.
What Does Umbrella Insurance Cover?
While every policy is unique, most umbrella policies can cover:
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Bodily injury liability (medical expenses if someone else is hurt)
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Property damage liability (repair costs if you damage someone else’s property)
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Certain lawsuits, such as libel, slander, or defamation
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Legal defense costs
Umbrella insurance is all about covering the “what ifs” in life that could otherwise cause major financial hardship.
How Much Does Umbrella Insurance Cost?
Here’s the good news: umbrella insurance is surprisingly affordable. Policies often start at around $150–$300 per yearfor $1 million in coverage. That’s less than many people spend on streaming subscriptions or daily coffee runs.
Who Should Consider Umbrella Insurance?
Umbrella insurance isn’t just for the wealthy—it’s for anyone who wants extra peace of mind. You may want to consider it if you:
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Own a home, rental property, or other valuable assets
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Have teenage drivers in your household
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Frequently host guests at your home
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Own a swimming pool, trampoline, boat, or ATV
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Want to protect your savings, retirement funds, or future income
Is Umbrella Insurance Worth It?
If you have assets to protect (or simply want extra protection for the unexpected), the answer is almost always yes. For the cost of just a few dollars a week, umbrella insurance can provide millions of dollars in additional coverage.
Think of it as buying peace of mind—you hope you’ll never need it, but if you do, you’ll be incredibly glad it’s there.
Let’s Talk About Your Options
At Holley Insurance, our goal is to make sure you’re protected from life’s “what ifs.” If you’re wondering whether umbrella insurance makes sense for you, our team is here to walk you through the options and find the right fit.
👉 Contact us today for a free quote and see how affordable extra peace of mind can be.
Contact us here to get started!
A little more about Holley Insurance…
Holley Insurance was founded in 2000, and retains a core base of loyal clients. We have locations in Roanoke, Rocky Mount, and Forest, VA. As an independent insurance agency, Holley Insurance represents a carefully selected group of financially strong, reputable insurance companies. Therefore, we are able to offer you the best coverage at the most competitive price. If you’re interested in starting a quote online or having us take a look at your current policies, click here!
