Abbott Insurance Kansas City

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8117 N Oak Trfy, Kansas City, MO 64118

Personal Umbrella and Excess Liability Insurance

As a Kansas City-based independent insurance agency, we understand the importance of comprehensive coverage that goes beyond the basics. That's why we're here to introduce you to the invaluable asset known as Personal Umbrella Insurance.

What is Personal Umbrella Insurance?

You may have heard of it referred to as excess liability insurance or simply umbrella insurance. Regardless of the name, Personal Umbrella Insurance provides additional coverage that extends beyond the limits of your primary insurance policies, such as homeowners or auto insurance. Think of it as a safety net that catches you when your other policies max out.

Why Do You Need Personal Umbrella Insurance?

Accidents happen, and when they do, they can result in costly lawsuits and judgments that exceed the limits of your primary insurance coverage. Personal Umbrella Insurance steps in to fill the gaps, providing additional funds to cover legal expenses, medical bills, and damages awarded by the court. With Personal Umbrella Insurance, you can protect your assets and financial well-being from the unexpected.

Key Benefits of Personal Umbrella Insurance:

    1. Increased Liability Coverage: Moreover, Personal Umbrella Insurance provides higher liability limits, giving you greater financial protection against lawsuits and claims.
    2. Asset Protection: Additionally, your hard-earned assets, including your home, savings, and investments, are worth safeguarding. Personal Umbrella Insurance helps protect these assets from being seized to satisfy judgments in the event of a lawsuit.
    3. Comprehensive Coverage: Personal Umbrella Insurance offers broad coverage that extends to various liability risks, including bodily injury, property damage, defamation lawsuits, and more.
    4. Peace of Mind: Ultimately, life is unpredictable, but with Personal Umbrella Insurance, you can have peace of mind knowing that you have an extra layer of financial protection in place.

How Abbott Insurance Can Help

We pride ourselves on providing personalized service and tailored insurance solutions to meet your unique needs. Our experienced agents will work closely with you to assess your risks, understand your coverage requirements, and recommend the appropriate Personal Umbrella Insurance policy to fit your lifestyle and budget.

Commonly Asked Questions

What about discounts? Does an Umbrella Policy help?

Adding a Personal Umbrella or Excess Liability policy into your household can potentially unlock additional discounts on existing policies. Many insurance companies provide multi-policy discounts, and adding an umbrella policy can further enhance those savings.

Couldn't I just raise my current limits and avoid having a second policy?

A personal umbrella insurance policy gives you more extensive coverage than just increasing your existing policy limits. It acts as a safety net, giving you extra protection if something really bad happens or if you face expensive lawsuits that go beyond your regular insurance limits. Plus, it covers more types of risks and keeps your belongings safe from being taken to pay off debts. Overall, it gives you peace of mind and makes sure you're well protected for different situations.

What is the typical cost of Personal Umbrella Policies?

The average cost for $1,000,000 in Personal Excess Liability coverage averages $150-$400 per year. Ultimately, pricing will depend on things like claims history, number of vehicles, number of owned properties, and number of personal watercrafts.

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