UMBRELLA INSURANCE

Can I get an umbrella policy if I don't own a home or own a car?

Yes, it is possible to get a personal umbrella policy even if you don't own a home or a car. A personal umbrella policy is designed to provide additional liability coverage above the limits of your primary insurance policies, such as your auto insurance, homeowners or renters insurance, or boat insurance.

If you don't own a home or a car, you can still purchase a personal umbrella policy that provides coverage for liability claims arising from other areas of your life, such as a lawsuit resulting from an accident you caused while riding a bike or a slip and fall accident at your rental property. It is important to note that the amount of coverage provided by an umbrella policy can vary and typically requires a minimum amount of underlying liability coverage on your primary policies.

It is important to carefully consider your potential liability risks and ensure that your primary policies provide adequate coverage before purchasing an umbrella policy. Additionally, be sure to review the policy limits and exclusions of any umbrella policy you are considering to ensure that it provides the right level of coverage for your needs.