While your homeowners, auto, or renters insurance provides initial protection, Statewide Insurance of Florida’s umbrella insurance acts as an additional layer of coverage. It kicks in when the limits of your primary policies are exhausted, offering substantial financial protection for unexpected and significant claims.

Umbrella insurance primarily extends coverage for liability claims that exceed your primary policy limits. However, it can also provide broader protection in certain situations. It’s essential to review your specific Statewide Insurance of Florida policy terms to understand the full extent of coverage.

Yes, most umbrella policies have a deductible, often referred to as a self-insured retention (SIR). This amount must be paid out-of-pocket before the umbrella coverage kicks in.

Statewide Insurance of Florida’s umbrella insurance policies typically offer coverage limits ranging from $1 million to $10 million or more. The appropriate coverage amount depends on your specific assets and risk tolerance.

Statewide Insurance of Florida’s umbrella insurance is recommended for individuals and families with significant assets, such as homes, investments, or businesses. It’s also beneficial for professionals with high liability risks, like doctors, lawyers, and consultants. Essentially, anyone who wants extra financial protection beyond their primary policies should consider Statewide Insurance of Florida’s umbrella insurance.