An umbrella is extra liability. It sits on top of the auto and home policies. Florida's required auto limits are low, so the gap between "legal" and "enough" is wide. The umbrella is one way to raise that ceiling. It only works if the policies underneath meet the umbrella company's rules.
What it covers
Bodily injury and property damage liability above the underlying limits, up to the umbrella limit, for the exposures the form lists. Some forms add a modest amount of coverage for a claim the underlying policy does not cover, after a deductible. The form decides. A personal umbrella is for personal life. A business needs its own.
What it doesn't cover
Your own car, your own house, and your own injuries. Flood. A professional service. A business, unless a commercial umbrella is written for it. An underlying limit that was never purchased. If the auto policy has no bodily injury liability, the umbrella has nothing to sit on.
Florida specifics
Section 324.022 is the property-damage minimum. Bodily injury liability is not in that minimum. Section 627.727 is the uninsured-motorist offer. People who carry only the state minimum are the ones an umbrella company will usually decline until the auto limits are raised. We quote those limits together so the umbrella is not a piece of paper with a hole under it.
Assets are the other reason. Savings, home equity, and future wages are what a large liability claim reaches for. The checkup asks about that range for this reason.
How we help
We look at the auto bodily injury limits, the home liability limit, and any boat or rental before we talk about an umbrella. Start a quote and check Umbrella along with Auto or Home. Call either office if you already have a letter from a lawyer or a high limit on a lease. We will not invent a limit. We will show you what the companies require underneath.