Where Can I Get Umbrella Insurance?

Many different insurance companies sell umbrella policies. It can be as easy as clicking “yes” online. But if you want the benefit of a trained insurance expert who can analyze your unique needs, call your local Trusted Choice agent.

Because Trusted Choice agents are independent — meaning they can sell policies from many companies, not just one — they can comparison shop to find you the best coverage for your needs and budget.

Is Umbrella Insurance Tax Deductible?

If your umbrella policy is personal, it is generally not tax deductible. However, if you own rental properties or are a business owner using umbrella insurance for business purposes, it may qualify as a business expense. Consult your tax accountant for details.

Does Umbrella Insurance Cover Property Damage?

Umbrella insurance does not cover your own property. It typically covers property damage you or your household members are liable for. Damage caused with malicious intent is not covered.

I’m a Renter, Not an Owner. Do I Need Umbrella Insurance?

Yes. If you own a car, you could face liability that exceeds your auto insurance limits. Renters can also be held liable for injuries or damage in their apartment. Umbrella insurance can help protect you.

Does Umbrella Insurance Cover Dog Bites?

Yes, in most cases. If your dog bites someone on or off your property, umbrella insurance can provide additional coverage beyond your homeowners policy. Some insurers may exclude specific breeds, so check with your agent.

Does Umbrella Insurance Cover Floods?

Not directly. Umbrella insurance covers liability for damage to others, not your own property. If you cause flood damage to others (e.g., a plumbing leak affecting neighbors), umbrella coverage may apply. For your own property, consider flood insurance from the NFIP.

Does Umbrella Insurance Cover Uninsured Motorists?

Usually not. Most umbrella policies do not cover damage caused by uninsured or underinsured motorists. Some may offer it as an add-on for an extra premium.

Does Umbrella Insurance Cover Car Rentals?

Yes, unless specifically excluded. Umbrella insurance may cover damages from domestic or international rentals, borrowed cars, and even contractual liability related to the rental agreement.

Should Landlords Have Umbrella Insurance?

Absolutely. Landlords face significant liability risks and own valuable assets. Umbrella insurance offers additional protection against tenant injuries and other incidents. Higher coverage limits are often recommended.

Does Umbrella Insurance Cover Professional Liability?

Commercial umbrella insurance can supplement business liability policies like errors and omissions (E&O) insurance. It adds protection once your primary policy limits are exhausted.

Does Umbrella Insurance Cover Malpractice?

Yes, if you carry a commercial umbrella policy to supplement your professional malpractice coverage. Be sure that the umbrella limit begins where your malpractice policy ends to avoid gaps in protection.

Final Thought

Umbrella insurance is valuable for anyone with assets or income to protect. Even a small annual premium can provide high levels of liability coverage. Trusted Choice agents can help you tailor a policy to your specific risks. Click FIND AN AGENT to get started with expert support today.