Do I Need an Umbrella Insurance Policy?
Find out if you need an umbrella insurance policy. Learn when extra liability coverage protects your assets beyond auto and home limits. At TCDS Insurance Agency, we are dedicated to providing our clients with the information and resources they need to make informed decisions about their insurance coverage. As an independent agency, we have the freedom to shop over 50 carriers to find you the best rates and policies to fit your unique needs. We are based in Alabama and are proud to serve our local community.
Our team, led by Todd Conn, CLCS, has the expertise to guide you through the insurance process, from selecting the right coverage to filing a claim. We are a 4.9-star rated agency with 164+ reviews, and we were named the Multi-Year Agency of the Year. We are committed to providing exceptional service and building long-lasting relationships with our clients.
Ready to see how much you can save? Contact TCDS Insurance Agency today for a free, no-obligation quote! Our team of friendly and knowledgeable agents is ready to help you find the perfect insurance solution for your needs and budget. Let us do the shopping for you and show you why we are one of the top-rated insurance agencies in Alabama.
Part of: Home Insurance
Frequently Asked Questions
Do I need an umbrella insurance policy?
You likely need umbrella insurance if your assets or future income are worth more than the liability limits on your auto and home policies. An umbrella adds $1 million or more of liability protection on top of those policies, so a serious lawsuit does not put your savings, home, or wages at risk. If you own a home, have savings, a teen driver, a pool, or a dog, it is worth a look.
How much does umbrella insurance cost?
Most umbrella policies cost about $150 to $300 a year for the first $1 million of coverage, and each additional million usually adds less. It is one of the lowest-cost ways to buy a large amount of liability protection, because it sits on top of the limits you already carry on your auto and home.
What does umbrella insurance cover?
Umbrella insurance covers liability claims that go past your auto or home limits, such as injuries you cause in a car accident, someone hurt on your property, or certain lawsuits like libel and slander. It does not cover your own property or injuries. It pays only after your underlying auto or home liability is used up.
How much umbrella coverage do I need?
A good starting point is enough to cover your net worth, including home equity, savings, and investments, plus a cushion for future income. Most families start at $1 million and step up from there. We can help you size it to what you actually need to protect.