Month: January 2026

Many people have heard of umbrella insurance but don’t fully understand what it covers or who needs it. At Skyline Insurance LLC, serving Jacksonville, FL, we regularly encounter misconceptions about this valuable coverage that can leave families financially vulnerable when they need protection most.

Myth: Only Wealthy People Need Umbrella Insurance

One of the biggest misconceptions is that umbrella insurance is only for millionaires with massive estates to protect. In reality, anyone with assets worth protecting can benefit from this coverage. If you own a home, have retirement savings, or earn a decent income, you could face financial ruin from a major lawsuit.

Umbrella policies are surprisingly affordable, often costing just a few hundred dollars per year for millions in additional coverage. The protection extends beyond your net worth to cover future earnings that could be garnished in a judgment against you.

Myth: My Regular Insurance Covers Everything

Another common misunderstanding is that homeowners and auto insurance provide sufficient liability protection. While these policies include liability coverage, the limits are often inadequate for serious accidents or expensive lawsuits. Umbrella insurance kicks in when your underlying policies reach their limits.

This additional coverage also protects against claims that might not be covered by standard policies, such as libel, slander, or false imprisonment accusations. It provides broader protection than most people realize across various situations.

Get the Facts About Protection

Understanding what umbrella insurance actually covers helps you make informed decisions about your family’s financial security. Don’t let misconceptions prevent you from exploring this affordable protection option. Contact Skyline Insurance LLC, serving Jacksonville, FL, to learn how umbrella insurance can provide additional peace of mind for your specific situation.