Where to Buy Umbrella Insurance

Where to Buy Umbrella Insurance: Massi De Santis, Ph.D., CFP, with Desmo Wealth Advisors discusses where to buy Umbrella Insurance and how umbrella insurance provides extra liability coverage above and beyond your existing auto, home, and other insurance policies. It kicks in when the coverage limits on those policies are exhausted. You can generally purchase umbrella insurance from the same company that provides your auto, homeowners, renters, or other underlying insurance

Some of the major insurance companies that offer umbrella coverage include
Allstate
American Family
Chubb
Farmers
Geico
Liberty Mutual
Nationwide
Progressive
State Farm
Travelers

When getting an umbrella insurance quote, make sure to shop around and compare rates from multiple providers. Coverage limits, exclusions, and premiums can vary significantly between companies

To qualify for an umbrella policy, you'll likely need to meet minimum liability limits on your other insurance policies with that company. Common requirements are $250,000/$500,000 for auto and $300,000 for homeowners

Some insurers like RLI and Auto-Owners offer stand-alone umbrella policies without requiring other policies from them. But standalone coverage may be more expensive.

When choosing a provider, look for one that offers high maximum coverage limits, broad coverage, and discounts you may qualify for. Umbrella insurance rates will depend on factors like your age, claims history, assets, and risk factors

Working with an independent insurance agent can help you compare quotes and find the right umbrella policy to fit your needs and budget

Be sure to review your coverage regularly and increase limits if your assets grow over time. Watch more Massi De Santis videos on finStream at this link: https://www.finstream.tv/featured/massi-de-santis/