Request a Quote

Umbrella Insurance

Umbrella Insurance

Did you know that the average payout for injury lawsuit compensation in Florida is $60,000? Also, did you know that 48 percent of plaintiffs in Florida win their cases? If you are responsible for the injury, you will have to come up with the funds to cover the payout. With proper umbrella coverage, though, you can have peace of mind in knowing you won't have to reach into your own pocket to cover the payout.

When it comes to protecting yourself in Florida from possible lawsuits and settlements, you have the option to invest in umbrella insurance. In fact, you want to invest in this type of insurance because it can be the determining factor in losing your assets and finances and being able to stay afloat.

What Is Umbrella Insurance?

Frederick Insurance offers umbrella insurance that acts as an added layer of liability; this coverage is provided in addition to your current coverage - home, business, auto policies, and more.

Many people believe that only wealthy people need umbrella insurance as a way to protect all of their assets, but the truth is, it can prove to be of the utmost value to any person. Take for example when you have car insurance, but its liability coverage limitations don't pay out enough to cover a lawsuit. With umbrella insurance, you can rest assured the amount of the lawsuit that exceeds your auto insurance will be covered.

You should view umbrella insurance as an enhancement to your current policies. Many insurance carriers will refer to it as excess liability protection. Under most umbrella policies, the following situations will qualify for a claim:

  • Bodily injury liability claim
  • Property damage liability claim
  • Slander
  • Libel
  • False arrest

For a better understanding of umbrella insurance and to assess whether it is a good fit for you and your family, please contact Frederick Insurance today.

Our Partners

  • American Traditions
  • Avatar
  • Bankers
  • Federated National
  • Foremost
  • Geovera
  • Hagerty
  • Heritage
  • Infinity
  • Mercury
  • Metlife
  • Modern USA
  • Monarch National
  • Olympus
  • Prepared
  • Progressive
  • Safeco
  • Safe Point
  • Security First
  • Southern Oak
  • Hartford
  • Travelers
  • United UPC
  • Universal North America
  • Universal Property and Casuality