Is Everyone in My Household Covered by My Umbrella Insurance?

Our home, auto, or other insurance policies limit their coverage, so umbrella insurance offers protection when our liabilities exceed those limits. Umbrella policies generally cover everyone in the policyholder’s household, but policyholders should be aware of and discuss certain exceptions with their agents. If you have questions about umbrella insurance and live in or near Flowood, MS, consider contacting our Insurance Protection Specialists team.

Covering Household Members

Umbrella insurance activates when our liabilities surpass our core policy limits and protects us in other situations as well. While we seldom need umbrella coverage, it safeguards against the financial impact of significant injuries or damages.

Generally, your umbrella policy covers each household member you identify. As with auto policies, your insurance company will modify the policy premiums based on the household membership, characteristics, and existing policies.

In addition, you should be aware that your umbrella policy does not cover household members who have their own auto or other policies. For instance, your umbrella insurance won’t cover adult children or parents living in your household with separate auto insurance policies. Likewise, a son or daughter whose renters’ policy covers their college apartment is not covered.

Examples such as these illustrate the need to discuss the policy details and each household member’s situation with your agent to ensure you fully understand which household members have coverage and for what. It is best to clarify these points with your agent before you need the coverage.

Working With Insurance Protection Specialists

Everyone’s situation differs, so you should review your circumstances with your agent. If you live in or near Flowood, MS, stop by the office or call us today at (601) 992-4040. Our Insurance Protection Specialists team hopes to help you with all your insurance needs.

Who should get umbrella insurance?

Umbrella insurance from Insurance Protection Specialists is a type of policy designed to provide financial protection for individuals and businesses here in the Flowood, MS area or anywhere in the event of an unexpected accident. Whether you’re a business owner, homeowner, or renter, umbrella insurance can provide additional coverage beyond your existing policies. 

Knowing if you Need Insurance

For individuals, having an umbrella policy in place can be especially beneficial if you have significant assets or income that could potentially be at risk in the event of a liability lawsuit. Even if you do not anticipate taking legal action against someone else in the near future, it is still wise to consider purchasing this type of insurance as a safeguard. 

For businesses, umbrella insurance can help protect against costly lawsuits and other unexpected liabilities arising from employee negligence or customer injuries on company property. It also provides extra security for business owners should their company become involved in an expensive court case due to wrongful termination or discrimination claims. 

Umbrella insurance is typically inexpensive compared to traditional liability policies and can provide extra peace of mind for both individuals and businesses in the event of an unexpected incident. As such, we highly recommend investing in this policy as part of your overall financial plan.

For more information or to explore an umbrella insurance policy, call us at Insurance Protection Specialists today. We are proud to serve the Flowood, MS area and would be happy to help you find a policy that meets your needs and budget. So don’t wait! Call us today!

How Much Umbrella Insurance Do I Need?

Umbrella insurance is a one-of-a-kind personal liability coverage that protects your savings, income, and assets from large claims and lawsuits that are above the policy limit of your auto, homeowners, boat, landlords, renters, and boat insurance. Many Flowood, MS residents contact us at Insurance Protection Specialists to find out how much umbrella insurance they need. Here’s what to know:

How Does Umbrella Insurance Work? 

Umbrella coverage picks up liability where your homeowners, auto, and any other liability insurance you have leaves off. This policy is sold in $1 million coverage increments and can go as high as $100 million. The cost for the first $1 million umbrella coverage ranges from $150 to $350.

For example, you own a car and have auto insurance coverage with a limit of $300,000. Suppose you get into an accident that involves 10 vehicles and several people get injured and you are the at-fault driver. In that case, your liability in property damage and injuries can amount to more than $800,000. Your auto insurance will pay the $300,000 part of your liability, but you will still be left with $500,000 in liability.

If you have umbrella insurance, it will kick in and settle the remaining $500,000 in liability. If you didn’t have umbrella coverage in such a situation, you would have had to pay the $500,000 remaining liability using your savings, assets, and even future income. The remaining $500,000 of your umbrella policy would be used to settle your legal fees if there was a lawsuit.

How Much Umbrella Coverage Is Enough? 

For most people, a $1 million umbrella coverage is enough. However, if you own multiple cars, boats, rental properties, savings, and other assets adding up to more than $1 million in value, you will need more umbrella insurance. Generally, you need umbrella coverage that’s at least half of your net worth up to $100 million.

Contact Insurance Protection Specialists for more info on umbrella insurance in Flowood, MS.

Professions That Need Umbrella Insurance

Insurance Protection Specialists offer coverage to the Flowood, MS community. We are an independent insurance agency. We have working relationships with over 20 carriers throughout the South. We want to cover our clients so that they are ready for anything life throws their way. We will work hard to help you find the coverage you need.

Professions That Need Umbrella Insurance

Umbrella insurance is a security blanket when things go wrong. It’s hard to predict when an accident may happen, though the consequences could be severe without umbrella insurance. If you are involved in a serious liability dispute, umbrella insurance can prevent you from possibly losing everything. There are various professions where umbrella insurance provides significant benefits.

General Services

If you operate a Flowood MS business where you offer a service, you will be held liable if that service goes wrong. Perhaps your products accidentally cause bodily harm or extensive property damage. Your assets are at risk if you’ve caused damage that exceeds your liability coverage.

Serve As A Board Of Directors Member

If you serve on a board of directors, you are at risk. If there are allegations of misconduct, you may be ill-equipped to defend yourself without the extra layer of protection that umbrella insurance provides. Also, be aware that the structure of your coverage may differ based on whether you are active on a non-profit board or an organized business.


If you work in the consulting industry, you are also at risk. You may be held liable if a client alleges that you gave them bad advice. Umbrella insurance can help you protect your reputation and assets.

Insurance Protection Specialists Will Help You Protect Your Assets

Visit our website to learn more information about umbrella insurance.  

Choose Umbrella Insurance for Peace of Mind

There are many ways to have peace of mind, and choosing the right insurance policy is a big part of that. Even if you have adequate coverage already, some policies don’t go as high as you’d like with their coverage amounts. It’s possible to add to the feeling of security with umbrella insurance. At Insurance Protection Specialists, we want to help customers in the Flowood, MS area add to their coverage levels for additional safety and support. You don’t need to settle for insurance that might not honestly give you the right level of protection when you have us on your side. Our agents are dedicated to finding you the coverage that’s going to fit your needs and goals.

Getting additional insurance isn’t just for people with significant levels of assets. It can also be for those who have businesses, families, or want to be sure they’re protected the right way for their lifestyle and plans. If you’re not sure whether this kind of additional protection would be right for you, it’s time to talk to professionals who can help you make that decision. The more information you have about insurance products and the levels of coverage they provide, the easier it will be for you to select one or more that are going to work for you and leave you feeling comfortable with your choices.

Reach out to us at Insurance Protection Specialists today and let’s talk about an umbrella insurance policy. If you’re in the Flowood, MS area, we can help you make policy choices you’ll feel good about. Our agents understand that you have questions, and we want to provide you with answers so you can make an informed decision. Then you’ll truly have peace of mind, and know that the coverage you’ve chosen is going to protect what matters to you.