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Umbrella Insurance

Umbrella Insurance Explained

Umbrella coverage is extra liability insurance that goes beyond the policy limits of your auto or homeowners insurance protection. If your existing liability coverage isn’t enough to fully compensate someone’s damages for which you were at fault, whether it is from a motor vehicle crash or accident in your home, this is where umbrella coverage steps in to avert potential disaster.

 

Home

Life

Business

Auto

Who Benefits?

Despite conventional wisdom, one does not have to be hugely affluent to enjoy the benefits of good umbrella insurance coverage. Just simply owning your own home and being the head of a household is enough to justify having this wonderful added protection. Whether you fall asleep at the wheel and cause a crash with a car that is driven by a noted attorney at law or if your clumsy Uncle Jim falls off the deck step and breaks a hip, without enough coverage, everything you have worked so hard for could be in jeopardy. Often, the typical auto or homeowners insurance will cover the initial $300,000. The problem is that you are personally liable for any amounts that exceed that or any other policy limit.

What Does It Do?

In addition to the above outline, good umbrella insurance will even cover certain perils not covered by one’s existing homeowners’ or auto insurance policies. Examples include:

  • Defamation or Slander
  • Malicious prosecution
  • False arrest or imprisonment
  • Infliction of mental anguish

If you are the object of a lawsuit, you will no doubt incur huge legal expenses. This is true even if you prevail in the lawsuit. Expensive and lawyers go together, like peanut butter and jelly. However, with a typical umbrella policy, the insurance provider will appoint a legal team on your behalf to fight for you, and the insurer will pay for such things as court costs and for the lawyers too. If you’re found to be guilty with a judgment against you for a substantial sum, your umbrella coverage stands ready to protect you with a payment for any level of judgment that exceeds your underlying coverage. This, of course, is limited to the maximum amount of your umbrella coverage.

How It Functions

Umbrella coverage comes in $1 million increments. Depending on your past history, the first million dollars of umbrella coverage will normally cost around just $300 per annum. Each additional $1 million of coverage will likely set you back another $100 or so.

Remember, it only takes a moment in which your eyes are off the road or in which someone slips and falls on your property to know how vital good umbrella coverage can be. Speak with an insurance pro today for more information.

😆😄such warm generous to work with, they are by far the people to work with!! For all your insurance needs ! I am amazed by how much of a load it took off -we needed them and we have appreciated all the work they do!! Great Neighbors too!
Kathryn Hawley
Kathryn Hawley
Joe did an awesome job at getting me a new great insurance quote on my auto & I appreciate it more than you know!! Thank you Joe!!
Kristen Hebb
Kristen Hebb
They are hands down the best insurance company that I've ever dealt with! Shannon helps us every 6 months with our policy and they make it affordable for me to be able to have insurance on my vehicles! Shannon and Ron are definitely very down to earth people that care about their community and customers! I would highly recommend them to anyone!
Christopher McCall
Christopher McCall
If you're looking for great customer service and the lowest prices, then reach out to A. Young Insurance Agency. Kelly went out of her way to answer all the questions I had on renters' insurance and then combined them with my auto insurance for a better discount. I purchase my auto insurance from Joe back in April, and he provided a great customer experience at a time when everything in my life was a little hectic. Thank you both of them!
Vicki Briggs-Gamache
Vicki Briggs-Gamache
I had a great experience here. Larry really helped me through the difficult task of obtaining auto and renter's insurance. He went above and beyond to help me understand and compare different quotes and policies.
Char Woods
Char Woods
Great agency. Very responsive, friendly and easy to work with.
Hockey33
Hockey33
Joe Leduc is my agent. Joe finds me the best policies for my house in my car. I I know I’m saving a lot of money which means a lot to me and I’m getting the best coverage. Joe researches every company out there and matches me up with the best one I really appreciate his thoughtfulness and his help
Shelley Staffig
Shelley Staffig
Very happy with my insurance agent. He has saved me lots of money over the years. All the staff there is professional and courteous.
angela pollard
angela pollard
Great rates and quick to respond to inquiries! Recommend highly!
Jenny Kemp
Jenny Kemp
I’ve been working with John and the agency for years now, for both car and renter’s insurance. They have been fantastic, thorough, very easy to communicate with, incredibly helpful, and always proactive if there is something they see that can be changed for the client benefit. I love working with them and my needs are ALWAYS met.
Brooke Eason
Brooke Eason
Would highly recommend A.Young InsuranceAlways very helpful.Explains everything so wellAll the staff are always friendly.
Joanna Kinsella
Joanna Kinsella
Joe has taken great care of my insurance needs and my mothers. Always so friendly!
Ashley Nettles
Ashley Nettles
i have recommended this agency
Cedric Stroud
Cedric Stroud
Its a good place i love it
Ahmed Fayyaz
Ahmed Fayyaz
I recommend to all my family and friends. Shannon is always responsive and helpful and gets everyone the best insurance and best rates.
Debra Urben
Debra Urben
Joe took the time to see if he could meet my needs despite my being a low end customer.
Curtis Maxwell
Curtis Maxwell
Nice down to earth people. Larry goes out of his way to do the best for his customers.
Kristin Cassani
Kristin Cassani
Good customer service and rates for both home and auto.
Ruth
Ruth
Joe was so kind and helpful when I reached out with questions concerning my auto ins. He gave me honest, no pressure advice that I was very appreciative of. Looking forward to working with him in the future.
Meteor Burger
Meteor Burger
John and his Team are always there to help us out. We carry various insurance policies we bundle and they make sure we are always getting the best service. I would recommend this team to everyone!
Mary Milsk
Mary Milsk
Shannon is the Best. Make sure you call "Young Insurance" because she use to work for Look Insurance but after she branched out and away from Look, they took her telephone number away and if you call that number a snotty guy will answer and won't give you any information on how to get in contact with Shannon. He seems that he doesn't like the fact that she is doing very well and offers a better insurance rate. So keep that in mind when looking her up.
Tim Simmons
Tim Simmons
Best of the best. Shannon is a gem that has gone above and beyond for my wife Lori West over the years. She just helped me get the best priced policy and is so very pleasant to work with. Larry also spoke with me and helped with our concerns. A. Young is by far the best. Thank you!
Phil West
Phil West
Super responsive, and dedicate their time to explain any questions you have. On top of the great service, they got me a great deal. If you're looking for a new insurance agency this is it.
M Rut
M Rut
20 years old and they got me the best rate!
Joseph Kovalchik
Joseph Kovalchik
Working with the agents here is a breeze. Best rate for the right coverage!
Andrew L
Andrew L
The staff is very knowledgeable and helpful and always takes the time to help me with my problem. I highly recommend them.I had occasion to change over my home insurance to A.Young Agency, and once again I was met with exceptional service by Joe LeDuc and Christine the office manager. They make one feel like they are family and go above and beyond to make one’s experience easy and stress-free. I highly recommend them.
Anne Lee
Anne Lee
All staff are very responsive and helpful great agency
Eric Doty
Eric Doty
Shannon is fantastic. She always takes time to acknowledge me when I stop in. The team there is friendly and I feel like they, although very professional, have a very personal investment in their business. 🥰
Mark Rouleau
Mark Rouleau

1400 Scott Lake Road, Suite AA
Waterford, MI 48328