Umbrella insurance FAQs

Umbrella insurance has to be the most misunderstood insurance in the world. There always seems to be a lot of questions about this policy. At Jet Stream Insurance Group LLC in Miami Lakes, FL, we like to share our extensive insurance knowledge with our customers, which includes umbrella insurance. As independent insurance agents, we have access to more than one carrier and lots of policy options. 

What exactly is umbrella insurance?

Umbrella insurance is a policy that you purchase to supplement a policy that you already have with liability coverage. It is an excess liability. It is affordable and provides a lot of protection. 

Can you buy umbrella insurance by itself?

You need to have a policy that already has liability coverage. Types of insurance with liability coverage include:

  • Auto Insurance
  • Motorcycle Insurance
  • RV Insurance
  • Boat Insurance
  • Home Insurance
  • Condo Insurance
  • Renters Insurance
  • Commercial Insurance

Do you need to buy umbrella insurance from the same company as your other liability policies?

It is not necessary to buy the umbrella policy from the same company with whom you have your other policy. However, there could possibly be a multi-policy discount, so keep that in mind. 

Is umbrella insurance only for the wealthy?

No, umbrella insurance is not just for the wealthy. Anyone who owns a home or has assets can benefit from the additional coverage that it provides. You work hard for what you have and you should protect it. 

If I am a renter, can I get umbrella insurance?

Yes, renters insurance provides liability coverage which can be increased with an umbrella policy. It will also provide additional liability on your auto insurance if you are a driver or boat insurance if you have a boat. 

Give Us A Call

Contact us at Jet Stream Insurance Group LLC in Miami Lakes, FL to discuss how you could benefit from adding umbrella insurance to your insurance portfolio.