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What Is Umbrella Automobile Insurance Coverage? - YouTube
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hi my name is Kim Cullen and I'm a
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personal injury attorney in Winter Park
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Florida we represent a lot of people who
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have been involved in automobile
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accidents and as a function of that we
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also talked to a lot of people about car
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insurance and in Florida there are all
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sorts of different car insurances or
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provisions of coverage and there's a lot
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of terminology that applies to car
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insurance that people don't hear all the
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time and so one of those terms that we
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run into from time to time is a term
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called unburrow coverage so I thought
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this video would be a good chance for me
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to discuss what umbrella coverage is why
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it might be a good idea for you and why
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if you're injured in an accident it's
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almost always a good a good thing when
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you find umbrella coverage on the
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opposing vehicle umbrella coverage it's
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typically thought of as the Cadillac
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version of automobile liability
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insurance coverage umbrella coverage is
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typically sold to people who have a lot
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of assets who have a lot of money and
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can afford a lot of automobile insurance
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coverage so umbrella coverage if you
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think about it in a visual sense
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umbrella coverage sits on top of
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whatever coverage the person has
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generally on their other vehicle so for
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most companies before they'll even think
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about selling you umbrella coverage you
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have to have a certain level of
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liability insurance on each of your
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vehicles and for most of the big
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companies it's two hundred and fifty
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thousand / five hundred thousand in
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liability insurance on each review of
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your vehicles before your company will
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sell you umbrella coverage an umbrella
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coverage typically starts at a million
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dollars so if you were involved in an
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accident with someone who had umbrella
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coverage as part of their insurance
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package then usually you would have 1.25
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million or more in coverage available to
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pay whatever injuries to pay for
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whatever your injuries are so that's
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usually a good thing if you've been
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involved in an accident with someone who
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has umbrella coverage that they have
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this amount of coverage that can cover
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you now if you're on the other side and
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you're the customer then you want to
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carry if you have a lot of assets you
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want to carry that much liability
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insurance coverage so that you don't
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have to worry about someone see
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to collect from you personally if you or
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someone in your family and you're
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somebody and as a result of an accident
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so that's why people carry umbrellas
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because it really provides peace of mind
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to the insured or to the customer that
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they're never really gonna have to worry
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about someone pursuing them for assets
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now after all that's really what caring
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liability insurance is all about so the
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one thing that I think a lot of people
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don't think about but it is very
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important is making sure if you have
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umbrella coverage that you include
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uninsured motorist as part of your
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umbrella so just like liability
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insurance and in a regular setting
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insurance companies can sell you
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umbrella coverage for uninsured motorist
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coverage and uninsured motorist coverage
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for those of you who don't know and you
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can always look at our other videos
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about it because there's a lot of them
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I'm sure motorist coverage steps into
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the shoes of someone who doesn't have
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enough insurance coverage to fully
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compensate you so umbrella coverage
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again sits on top of whatever other um
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coverage you have and provide you an
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extra layer of uninsured motorist
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coverage so in the example that I gave
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earlier you might have up to 1.25
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million dollars in uninsured motorist
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coverage in the event that someone who
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carried no insurance or very little
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insurance crashed into you and cause you
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catastrophic injuries so um coverage is
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not automatically included in umbrella
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coverage it's something that any agent
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ought to ask you about and make sure
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that if you have the option to buy it
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you need to look into it carefully
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because it is an excellent thing to have
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it really does provide you with
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comprehensive full coverage over
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anything bad that might happen to you
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physically as a result of a car accident
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so if you have any questions about
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umbrella coverage or really any
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questions about automobile insurance
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coverage in general please reach out to
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us we'd love to answer questions all you
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have to do is call our office at 407 two
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five four four nine zero one you can
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text us at four oh seven six four four
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four four four four where you can even
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reach us through the facebook messenger
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you
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