Determining the amount of umbrella insurance you need in Florida can be driven by several factors including your personal financial situation, assets, and the potential risks you might face. Umbrella insurance is extra liability insurance designed to help protect you from major claims and lawsuits, and as a result, it helps protect your assets and your future. It’s a secondary coverage that acts as a safety net above the limits of your homeowners, auto, and boat insurance policies.

Assessing your need for umbrella insurance begins with understanding the value of your assets, including your home, car, investments, and future income. If these exceed the liability coverage limits you currently have, umbrella insurance may be a necessary addition to your insurance portfolio.

You also need to consider your lifestyle and activities that might increase the likelihood of a lawsuit, such as owning a pool, having teenage drivers, or frequently hosting guests, to gauge the appropriate level of umbrella insurance. We typically recommend that your umbrella policy should at least match the total value of your assets.

If you need help assessing your situation and are asking, “how much umbrella insurance do I need,” contact us at (561) 988-3330 and speak with one of our experienced and licensed insurance professionals. To answer that question, we can review your existing insurance plans and assist you in determining if umbrella insurance is right for you and your situation. At The Gordon Agency, we’ve got you covered!

Understanding Umbrella Insurance in Florida

Umbrella insurance acts as an additional layer of liability protection beyond your standard insurance policies. It can protect your assets and future income against major claims.

Who Needs It

You might consider umbrella insurance if your:

  • Assets exceed the limits of your standard liability coverage
  • Risk of being sued is higher, perhaps because you own property or have significant savings
  • Lifestyle involves activities that increase the chances of lawsuits, such as owning a swimming pool or a dog

What Does Umbrella Insurance Cover?

Here are some of the things that umbrella insurance covers:

Bodily Injury and Property Damage

Imagine you’re hosting a large party at your home. A guest trips and falls down the stairs, sustaining serious injuries that require surgery and extensive rehabilitation. Your homeowners insurance liability limit ($300,000) isn’t enough to cover all the medical bills. Umbrella insurance can kick in to bridge the gap and potentially save you hundreds of thousands of dollars.

Another scenario: While driving, you run a red light and collide with another car, causing severe injuries to the driver and their passenger. Your auto insurance liability limit ($250,000) might not be enough to cover their medical expenses and lost wages. Umbrella insurance can provide crucial financial protection in such situations.


Umbrella insurance can protect you from lawsuits alleging defamation, invasion of privacy, or false imprisonment.

Landlord Liability

If you rent out a property, umbrella insurance can provide an extra safety net for potential tenant-related accidents or lawsuits.

Dog Bites

Even the friendliest furry friend can have an unexpected moment, leading to a dog bite or attack with potentially serious consequences. Umbrella insurance can help cover medical bills for the injured party if your dog bites someone, depending on the specific policy and severity of the injuries.

Remember, umbrella insurance is not a standalone policy. It acts as an extension of your existing liability coverage, typically starting from $1 million and going up to $5 million or even $10 million.

Umbrella insurance would help to cover the costs, usually after you first pay the deductible on your homeowners, auto, or other insurance policy and your costs reach the limit of that policy. From there, an umbrella insurance policy will cover the rest (up to the umbrella policy’s limit).

What Doesn’t Umbrella Insurance Cover?

While umbrella insurance offers a broad shield, it’s crucial to understand its limitations:

Damage to Your Own Property

This includes damage caused by natural disasters like hurricanes, floods, earthquakes, etc. While umbrella insurance offers liability protection, it won’t compensate for repairs or replacements to your own home, car, or belongings. Remember, homeowners, renters, and auto insurance policies handle those specifically.

It’s also important to note that flood insurance is often a separate policy needed for coverage against flood damage, even if caused by a hurricane.

Intentional Acts

Did you deliberately cause harm or damage? Whether it’s vandalism or assault, umbrella insurance won’t protect you from intentional wrongdoing.

Business Activities

Unless specifically included (consult your policy), your work-related liabilities aren’t covered. Consider separate business insurance for professional ventures.

Contractual Disputes

Breaching a written or verbal contract isn’t covered. For example, if you hire a contractor who does shoddy work, umbrella insurance won’t pay for the damages.

Certain Exclusions

Specific exclusions vary by policy and insurer. Be sure to read your policy carefully to understand what situations might not be covered, such as:

  • Nuclear, war, or terrorism: Damage caused by these events typically falls outside the scope of coverage
  • Pollution: Environmental contamination or cleanup isn’t typically covered
  • Recalled products: If a product you sell causes harm, umbrella insurance likely won’t offer protection

Remember, umbrella insurance acts as a supplement, not a replacement for your existing policies. Ensure you have adequate coverage for your own property and specific needs before relying solely on umbrella insurance.

By understanding both the coverage and exclusions, you can make informed decisions about protecting your assets and choosing the right insurance plan.

Acquiring Umbrella Insurance in Florida

When considering umbrella insurance in Florida, you first need to evaluate your existing insurance policies.

Choosing the Right Coverage Amount

  • Assess your assets, including properties, vehicles, savings, and investments
  • Estimate potential future earnings, which could be at risk in a lawsuit
  • Take into account Florida’s litigious environment, which may increase the likelihood of lawsuits

Select a Reputable Insurer

  • Research and compare different insurance companies
  • Check customer reviews and the insurer’s financial stability
  • Consider insurers that specialize in or commonly provide coverage in Florida

Understand Coverage Details

  • Umbrella coverage kicks in when the underlying liability limit of an insurance policy is reached and typically starts at $1 million in coverage
  • Coverage amounts can go up in million-dollar increments
  • Ensure that policy details align with your specific needs and risks

Application Process

  • Contact insurance agents to discuss your requirements
  • Provide necessary documentation regarding your underlying policies
  • Answer any underwriting questions to assess your risk profile

After taking these steps, carefully review the policy proposal, including the premium costs, deductibles, and coverage limits. It’s important to choose a policy that offers the right balance between adequate protection and affordability. Keep in mind, umbrella insurance premiums are generally cost-effective relative to the amount of additional coverage provided.

Don’t Get Caught in the Financial Rain! Protect Yourself with Umbrella Insurance

Now that you understand the powerful protection umbrella insurance offers and its limitations, are you ready to safeguard your assets and peace of mind?  If you’ve been searching online for an “umbrella insurance company near me,” contact The Gordon Agency instead. Our talented and experienced team of licensed insurance agents can help you find the perfect policy to fit your needs. With our expertise and personalized approach, we’ll guide you through the process and ensure you have the right coverage in place. We work with multiple insurance providers to secure the best rates for your budget.

As your local umbrella insurance company, you can expect to receive personalized service and support whenever you need it. Don’t wait until a storm hits your finances! Contact The Gordon Agency today for a free consultation and see how umbrella insurance can bring you peace of mind.

Connect with us at (561) 988-3330 or visit our website to fill out our easy online form for a tailored quote. We pride ourselves on offering the best life insurance solutions in Florida, catering to your specific lifestyle and financial goals.

At The Gordon Agency – We’ve Got You Covered!

Copyright© 2024. The Gordon Agency Inc. All rights reserved.

The Gordon Agency Inc.
1825 NW Corporate Blvd Ste 110
Boca Raton, FL 33431
(561) 988-3330