Extra Protection for Life’s Unexpected Moments
Umbrella Insurance: Coverage Beyond Your Policies
Accidents and lawsuits can happen when you least expect them — and the financial consequences can be significant. Umbrella insurance provides an extra layer of liability protection beyond your standard property, auto, or business policies, giving you peace of mind and financial security.
At Miller Insurance Brokers, we help you assess your risks and design an umbrella insurance plan that fits your lifestyle and coverage needs. Our local, experienced team ensures you’re protected from unexpected events, so you can focus on what matters most.
What Can Umbrella Insurance Cover?
Umbrella insurance specifically covers liability — the costs you may be required to pay someone else if you are found responsible for an unfortunate event. It typically does not cover losses you incur yourself, such as damage to your property or stolen possessions.
Talk with us about adding a cost-effective umbrella insurance policy to your account. It’s simple, provides extra protection, and helps safeguard you and your family.
How Does It Work?
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Risk Factor: You can be held responsible if you significantly damage another vehicle or property. Do you have enough coverage to protect yourself?
Solution: Your standard auto policy limits could easily be exceeded if you are found at fault. An umbrella or excess liability policy provides an extra layer of protection once your standard limits are reached, offering a cost-effective way to safeguard your assets and ensure peace of mind.
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Risk Factor:
It’s easy to get distracted while driving. A text message, a fussy baby, or changing the radio station can take your eyes off the road long enough to cause an accident involving a pedestrian, cyclist, or another vehicle. As the owner or operator, you could be held financially responsible for any resulting bodily injuries.Solution:
An umbrella or excess liability policy extends your coverage to help protect against these significant costs. It provides peace of mind, even when the unthinkable happens. -
Risk Factor:
You invite guests over for a pool party, and one of them dives into the shallow end and is permanently injured. They hire a lawyer, and after a long legal battle, you and your family are left financially responsible for their injuries. Do you have enough savings to cover both your legal responsibilities and defense costs?Solution:
An umbrella or excess liability policy increases your personal liability limits, providing protection beyond your existing auto, boat, or homeowners policies. This coverage offers real financial security and invaluable peace of mind. Excess liability insurance can be added as an endorsement to your homeowners policy or purchased as a separate policy. -
Risk Factor:
Accidents can happen to anyone, even experienced boaters. While personal watercraft insurance is essential, the coverage limits these policies provide may not be enough.Solution:
If you are found at fault for property damage or personal injury, your standard watercraft policy limits could be quickly exceeded. An umbrella or excess liability policy extends those limits, giving you an additional layer of financial protection.
You typically consider umbrella insurance when your main policy’s liability limits aren’t sufficient. Umbrella insurance only pays out after your primary policy has paid in full, covering the remaining costs.
Example: If your auto policy covers liability up to $500,000 but you cause an accident with $600,000 in medical bills, your main policy pays the first $500,000, and the umbrella policy covers the remaining $100,000.
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Since 1899, our team has proudly supported Southwestern Ontario with reliable coverage and trusted guidance.
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