The Hanover Insurance Group

15 every day activities that suggest you need an umbrella policy

If you carry auto or homeowners insurance, you may be asking yourself… "do I really need an umbrella policy, too?" The short answer is yes.

An umbrella policy kicks in where your homeowners  and auto policies leave off – providing you with extra protection and peace of mind should the unexpected happen and a claim or lawsuit be filed against you.

Most of us participate in activities every day that put us at risk. Here are some real-life activities that signal you should carry an umbrella.

Do you?

  1. Drive a car
  2. Walk your dog in your neighborhood or local park
  3. Have teenagers who drive your car or their own
  4. Carpool with other families
  5. Watch your friends' children or utilize babysitters in your home for your children
  6. Entertain family and friends at your home
  7. Use social media or have a child who does
  8. Allow your children's friends to hang out at your house
  9. Own recreational vehicles like boats, motorcycles, jet skis, and golf carts
  10. Have a swimming pool or trampoline
  11. Employ a house cleaner
  12. Hire someone to cut your lawn or plow your driveway
  13. Order online and have packages delivered to your home
  14. Volunteer and/or serve on a board
  15. Coach, referee or umpire youth sports

How big of an umbrella do you need?

Use our online umbrella calculator to get an idea and then consult an independent insurance agent for additional guidance.

According to Commongood.com, Americans file approximately 15 million civil lawsuits annually. With an umbrella policy of $1 million starting at about as little $20 a month, it is one of the most cost-efficient ways to protect your family and assets. Additionally, raising the deductible on your homeowners policy from $500 to $1000 typically reduces your homeowners premium enough to cover the cost of a $1 million umbrella policy. Watch this short video to learn more about umbrella coverage.

Disclaimer: This article is provided for informational purposes only and does not purport to address every possible legal obligation, hazard, code violation, loss potential or exception to good practice.