HOMEOWNERS INSURANCE

Need Umbrella Insurance in Missouri?

Umbrella insurance provides an extra layer of liability protection that goes beyond your existing homeowners, auto, or boat insurance. It is designed to protect you from large, potentially catastrophic claims or lawsuits that exceed the limits of your primary coverage. While umbrella insurance isn’t a mandatory requirement, it’s a critical safety net to safeguard your financial future in case of major unexpected events.

Why Do You Need Umbrella Insurance?

Many basic liability policies (home, auto, etc.) provide coverage limits between $100,000 and $500,000. However, in today’s litigious society, lawsuits can result in judgments that reach into the millions. If someone is injured on your property or you cause a serious auto accident, the cost of the lawsuit can quickly exceed your liability coverage limits. Without umbrella insurance, any expenses above your basic policy’s limits would come directly out of your pocket, putting your assets and future earnings at risk.

What Does Umbrella Insurance Cover?

Umbrella insurance extends your liability coverage beyond your homeowners and auto policies, helping protect you in the following situations:

• Injuries and Property Damage: Coverage for personal injury or property damage caused by you, your family, or hazards on your property.
• Auto-Related Liabilities: Protection against auto accidents that cause damage or injuries, beyond your auto policy’s limits.
• Personal Injury Claims: Protection for non-business-related personal injury claims, including slander, libel, and wrongful eviction.
• Legal Defense: Coverage for legal fees and court costs related to a covered claim.

What Doesn’t It Cover?

While umbrella insurance provides extensive coverage, there are exclusions, including:

• Intentional Damage: Damages or injuries caused intentionally by you or someone in your household.
• Business Liabilities: Liabilities arising from business or professional activities.
• Liabilities Under a Contract: Liabilities you agree to take on in a contract or legal agreement.
• Certain Vehicles: Coverage does not extend to aircraft, most watercraft (jet skis, air boats), or recreational vehicles.
• Damage to Your Own Property: Umbrella insurance does not cover damage to property that you own, use, or maintain.
• Workers’ Compensation: Claims covered under workers’ compensation insurance.
• War or Insurrection: Any liabilities arising from acts of war or civil unrest.

How Much Umbrella Insurance Should You Have?

There’s no one-size-fits-all answer to how much umbrella insurance you need. Factors to consider include the value of your assets, how often you host visitors, whether you have teenage drivers in the household, or if you participate in high-risk activities. If you have substantial assets or a lifestyle that could attract lawsuits, it’s a good idea to consider higher coverage limits, typically $1 million or more.

Get a Quote Today!

Let Stocker Insurance help you protect your financial future with umbrella insurance. Contact us today for a personalized consultation to find the right coverage for your needs.