The Reality of Standard Limits

Most auto and homeowners policies cap liability at $300,000 or $500,000. In the event of a major accident, a single legal judgment can easily exceed these amounts, leaving your savings, home equity, and future wages at risk.

The Umbrella Solution

A personal umbrella policy kicks in the moment your primary policy limits are exhausted. It provides an additional $1 million to $5 million (or more) in liability protection, covering legal fees, settlements, and defense costs.

What Does It Actually Protect?

  • Excess Liability: Additional coverage above your primary auto, homeowners, or boat policies.
  • Broadened Protection: Covers certain claims that may be excluded by primary policies, such as libel, slander, or false arrest.
  • Legal Defense Costs: Pays for your legal representation in a covered lawsuit, which can often cost tens of thousands of dollars before a settlement is even reached.
  • Worldwide Coverage: Your umbrella protection follows you anywhere in the world, whether you’re driving a rental car in Europe or own a secondary residence.

Direct Advocacy

At Palmetto Group Insurance, we specialize in identifying the ‘gap’ between what you own and what your current policies cover. We don’t just add a line item; we evaluate your net worth and your risk profile to ensure your umbrella policy is scaled correctly. As your life grows and your assets increase, we ensure your shield grows with you.

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