Personal Umbrella Insurance
Get the most affordable umbrella insurance available throughout Maryland
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Hankin & McNally Umbrella Insurance
Umbrella Insurance coverage provides excess coverage beyond your underlying policies. Get a quote today!
Think your Auto and Homeowners insurance have you fully covered? Think again. An Umbrella Insurance Policy kicks in exactly where those policies stop, giving you an extra layer of protection when the stakes are highest.
Here's the reality: a serious car accident or an injury on your property can lead to a lawsuit — and if you lose, you could be on the hook for the winning party's medical bills, lost wages, and other damages. Those costs add up fast, often far exceeding the limits of your standard policies.
That's where umbrella coverage steps in. It safeguards not just what you own today, but your future earnings and assets too — so a single lawsuit can't undo years of hard work and financial planning.
Bottom line: If you have assets to protect (or plan to build them), an umbrella policy is one of the most affordable ways to shield your financial future from life's unexpected liabilities.
How Umbrella Insurance Policy Works
If you've worked hard to build wealth—whether through real estate, investments, or valuable possessions—you also have more to lose in a lawsuit. That's where umbrella insurance comes in. It's especially valuable for high-net-worth individuals with substantial assets who face greater exposure to legal claims. Small businesses rely on it too, using it as a shield against costly claims that could otherwise threaten their bottom line.
Here's a money-saving tip: bundling your umbrella policy with your existing auto, home, or watercraft insurer often means a lower premium. Just keep in mind that insurers typically require you to carry a minimum level of base coverage first—usually $150,000 to $250,000 for auto insurance and $250,000 to $300,000 for homeowners insurance, though exact requirements vary by provider.
Think of umbrella insurance as your financial backup plan. Often called "excess liability insurance," it kicks in exactly when you need it most: the moment a lawsuit's damages exceed what your standard auto, home, or other policy will cover. Instead of scrambling to cover the gap out of pocket, your umbrella policy steps in—protecting your savings, your investments, and everything else you've worked to build.
