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You Need an Umbrella Policy!

posted by TrueNorth Risk Management on Tuesday, September 6, 2022

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Contrary to popular belief, umbrella liability policies are not just for the wealthy.


At TrueNorth, we recommend that everyone consider carrying an umbrella policy.

If you engage in a high-risk activity or hobby that increases your odds of getting sued (such as having a teenage driver, owning a swimming pool or entertaining frequently), it is wise to supplement your insurance with a personal umbrella liability policy.

Dollar for dollar, the personal umbrella liability policy is considered one of the best personal insurance buys.

Accidents happen—and it’s not uncommon for jury awards and out-of court settlements to run into the millions of dollars. While it’s difficult to pinpoint the monetary consequences of the risks you and your family take each day, are you certain your current liability insurance offers you enough protection?

For example, consider the following:

  • Your teenager runs a stop sign, causing a serious accident.
  • A deliveryman falls on your sidewalk and is seriously injured.
  • A babysitter is injured by your otherwise friendly dog.

If you are found to be legally responsible for injuring someone or damaging their property, without a personal umbrella liability insurance policy, anything beyond the limits of your standard liability insurance coverage will come out of your own pocket.

Like an umbrella that protects you from the rain, a personal umbrella liability policy provides an extra layer of insurance coverage over your standard liability policies. It protects your personal assets by kicking in when your standard liability coverage is exhausted.

When considering how much coverage you need, you’ll want to consider not only your total personal assets but also your potential personal risks. For example,

  • Do you operate a business in your home and have employees and clients at your home on a regular basis?
  • Does your profession or the location of your home make you an easy target for a big settlement?

Determine your personal risks to evaluate the amount of additional liability coverage that makes the most sense for you. Coverages start at $1 million, and go as high as $5 million. When considering the value of the umbrella policy, discuss your personal needs with your TrueNorth representative.

Additional liability insurance is inexpensive when compared to the added coverage you gain.


Don’t wait for a rainy day to find out you need the additional protection a personal umbrella liability policy can provide.

Fill out the form below today to discuss your unique needs and learn about all of our liability insurance solutions.


About Author

In addition to helpful weekly guidance on home and auto, TrueNorth provides a number of insurance options to protect your family from risk. For information on a home or auto quote, visit or call us at (319) 739-1277. We'd like nothing more than to help safeguard the things that matter most to you. 

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