Umbrella & Excess Liability Coverage in Michigan
Most standard homeowners, auto, and watercraft insurance policies have liability limits. But if you’re found at fault in a serious accident—on the road, at home, or even on the water—those limits might not be enough. That’s where umbrella insurance comes in.
What Is Umbrella Insurance?
Umbrella insurance provides additional liability protection that goes beyond the coverage limits of your existing home, auto, or watercraft policies. Depending on the insurer, you can add $1 million to $5 million in extra liability coverage.
This coverage “kicks in” after the liability limits on your base policies have been exhausted.
Why You Might Need It
Liability coverage helps pay for:
- Medical bills and rehab for the injured party
- Lost wages due to injury
- Legal defense if you're sued
But here’s the thing: accidents can get expensive—fast. A judge’s award or legal settlement can easily exceed standard policy limits. If that happens, your personal assets (like your home, savings, or investments) could be on the line.
Umbrella insurance helps protect those assets by covering what your other policies can’t.
It’s Not Just for the Wealthy
This kind of coverage used to be considered a luxury. Now? It’s a smart move for anyone with assets to protect—homeowners, parents, pet owners, boaters, landlords, and even frequent hosts. Laws in Michigan (and most other states) hold individuals financially responsible for damage or injury they cause, and lawsuits can be financially devastating.
Umbrella policies are surprisingly affordable for the amount of coverage they offer. Even better, they cover non-business activities anywhere in the world, giving you peace of mind whether you’re at home or abroad.
Protect What You’ve Worked For
At Melton McFadden, we’ll help you find the right umbrella policy to fit your lifestyle and coverage gaps. Contact us today to discuss how umbrella liability insurance can protect you from the unexpected, without breaking the bank.