Umbrella Insurance
Personal Umbrella Insurance Tailored to Your Needs
Life has gotten much more complicated in the last 170 years. In the old days, wrongs were often settled between neighbors, but today they’re more likely to wind up in court, often with steep settlements. Recent awards include a $1.1 million dog bite claim, $21 million for a DUI accident, and $3.5 million for internet defamation. What would happen to you if you were sued for such a large sum?
At Gilbert’s Risk Solutions, we like to poke holes in a common myth: that umbrella insurance is only for wealthy people. While it’s a great way for people of means to protect their assets, it’s valuable protection for just about anyone. Think you don’t have anything of value? If you have wages that could be garnished or a nest egg saved for retirement, you could be at risk.
Umbrella insurance is supplemental liability insurance – an additional layer of defense over and above your home or auto policies. If a third party suffers injury or property damage due to your fault, your primary insurance pays first; if damage exceeds your primary coverage, the umbrella policy kicks in. It also offers protection for things not usually covered by your primary policy, such as libel, slander, or false arrest.
While we’re proud to call Pennsylvania our home, we’ve helped individuals all across the country manage their risk, and we look forward to helping you too, no matter where you call home.
What is Umbrella Insurance
Umbrella insurance is extra liability coverage that kicks in once your home or auto policy limits are exhausted, protecting your assets from large lawsuits and judgments.
Who Needs Umbrella Insurance
You might benefit from umbrella insurance if:
- You have savings, retirement, or other accounts
- You are a landlord
- You have a swimming pool
- You have a trampoline
- You have more than one home
- You have multiple cars
- You have one or more teenage drivers
- You have a high net worth
- You have a prominent public profile
- You entertain at home frequently
- You serve on community boards
- You have an aggressive dog
Our RISK SHIELD® Process
Insurance alone isn’t enough. Our RISK SHIELD® methodology helps us Consult, Design, Build, and Maintain a complete risk strategy for your fleet – not just a policy.
CONSULT
DESIGN
BUILDING
MAINTAIN
Our Personal Risk Consultant Approach
Protecting your family and assets should be a top priority, and you deserve an expert partner to help tend to your financial health the same way you’d turn to a doctor for your physical health. Solid protection against life’s problems requires more than a quick online quote – it requires thoughtful assessment and effective risk solutions.
Our Approach
We take a consultative, risk management approach to our personal insurance clients. We invest the time to get to know you, your life situation, and your financial goals, and take a hard look at your exposures – you may have gaps that could leave you vulnerable.
Tailored Solutions
We're experts in insurance and financial products and can identify the right solutions for your particular life situation. Sometimes the least expensive option is right; other times, saving a few dollars now can leave you dangerously exposed later. We want to earn your trust as a long-term partner through those changes.
Personal Consultation
Your personal risk consulting team can help you assess the right options for you and your family from a myriad of choices. Your financial security deserves thoughtful analysis and careful choices – just ask any of your 3,000+ neighbors who put their trust in Gilbert's Risk Solutions.
Personal Umbrella Insurance FAQs
Umbrella insurance typically covers:
- Bodily injury liability
- Property damage liability
- Personal liability situations (like libel, slander, or false arrest)
- Legal defense fees
It generally does not cover business liability, intentional acts, or professional services – those require separate policies.
Coverage needs vary based on your assets, income, and risk exposure. Our advisors help assess your specific situation to recommend the right coverage limit.
No, umbrella insurance is designed for personal liability exposures. Business-related risks require separate commercial coverage.
A claim is typically triggered when a liability judgment or settlement exceeds the limits of your underlying home or auto policy.
