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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.

 

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Life

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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.

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
I've know John for many years and he's a Great Guy who knows his stuff.
M.C. Cawley
M.C. Cawley
I absolutely love this insurance company! They always call when there's a better deal available to save me money! This company keeps in touch and cares about their customers and even remembers my birthday and sends a birthday card! If there's a problem with the account they're quick to investigate. They always have a solution! Thank you A Young I love all of you! Even though the pandemic has been hard on my family you always know how to make me smile! GOD BLESS YOU ALL!
Lillie Collins
Lillie Collins
Working with Young Insurance is a pleasure.staff is friendly,knowledgeable,and will work with you to get the insurance you need at the best rates.
Kevin Cavanaugh
Kevin Cavanaugh
I just love Shannon, she's the best!! She works so hard to get the best rate for me.I would highly recommend this company.
Barb Genta
Barb Genta
Got me what I needed, when I needed it and at the price I needed.
Dale Hartzfeld
Dale Hartzfeld
Nice friendly local place for insurance
Kathleen Hoadley
Kathleen Hoadley
Joe is the best! Friendly staff that cares about you. I felt like family. Really appreciate the guidance and ease of switching insurance companies. Thank you - Nikki
Nikki Quintanilla
Nikki Quintanilla
Everything we buy in life has three parts to it.Service, price and quality. Normally, one can only expect two out of three. Very rarely do you ever get the total package. A Young Insurance is an insurance company~ that has excellent service , excellent quality and excellent prices! 10 🌠
Tracy Richardson
Tracy Richardson

1400 Scott Lake Road, Suite AA
Waterford, MI 48328