Umbrella Insurance in Plymouth, MI
Umbrella Insurance in Plymouth, MI
What is an Umbrella Policy?
Life in Michigan is unpredictable. While your standard Auto and Homeowners insurance policies provide a solid foundation of coverage, they have limits.
An Umbrella Insurance Policy acts as a safety net that “sits on top of” your primary insurance. If you are found legally responsible for a major accident where costs exceed your standard policy limits, Umbrella insurance kicks in to cover the difference.
Without it, once your primary limits are exhausted, you are personally responsible. Your savings, home equity, and even future wages could be at risk to pay for damages.
Local Insight: In an increasingly litigious world, a standard $300,000 liability limit on a home policy might not be enough to cover a serious claim. Umbrella insurance provides that critical extra layer of security.
An affordable safety net for life’s biggest surprises. Secure your assets and future income with extra liability protection that goes beyond your standard policies.
What Does Umbrella Insurance Cover?
An Umbrella policy provides broad coverage for incidents that happen in Michigan or anywhere in the world. It extends your protection for:
Bodily Injury Liability
Covers costs for injuries to others caused by you, your family, or your pets (e.g., a severe auto accident or a guest falling on your icy driveway).
Property Damage Liability
Covers costs if you accidentally damage another person's property (e.g., your children accidentally damage a neighbor's expensive vehicle).
Personal Liability Claims
Personal liability offers distinct protection against non-physical claims such as Libel, Slander, Defamation, False Arrest, or Wrongful Eviction.
Legal Defense Costs
Perhaps the most valuable feature; Umbrella insurance covers attorney fees, court costs, and settlements, even if the lawsuit against you is frivolous.
What isn't covered?
- Your own injuries or property damage.
- Intentional or criminal acts.
- Business liability (unless you have commercial endorsement).
Is an Umbrella Policy Right for You?
Who Should Consider Umbrella Insurance?
You don’t have to be a millionaire to need an Umbrella policy. If you have assets to lose or a paycheck to garnish, you are a candidate. We strongly recommend this coverage for clients in Canton, Westland, and Plymouth who:
✅ Own a home or rental property.
✅ Have teenage drivers on their auto policy.
✅ Own a dog (dog bite lawsuits are common and costly).
✅ Own “toys” like boats, ATVs, or snowmobiles.
✅ Frequently host guests, parties, or playdates.
✅ Have significant savings or are nearing retirement.
High Protection, Low Cost
One of the best-kept secrets in insurance is just how affordable Umbrella policies are. Because the policy is only triggered after your underlying Auto or Home limits are exhausted, the risk to the insurer is lower; which means the savings are passed to you.
- Coverage Increments: Typically available in $1 million increments (up to $5 million or more).
- Affordability: For many families, $1 million in extra protection costs just a few hundred dollars a year, less than a dollar a day for total peace of mind.
- Bundling Discounts: As an AAA and Meemic agent, we can often bundle your Umbrella policy with your Auto and Home for even greater savings.
Why Choose Salem Insurance Agency?
Risk Assessment
We look at your lifestyle and assets to recommend a limit that makes sense for you.
Gap Analysis
We ensure your underlying policies meet the required minimums so there are no gaps in your coverage.
Carrier Options
We access reputable carriers to find you the best rate for the coverage you need.