Many prudent individuals with substantial business or personal assets choose to carry umbrella insurance protection to help them avoid a catastrophic financial loss. Also known as excess liability insurance, these plans go into effect upon the exhaustion of the limits of an underlying policy.

As an example, suppose you have an auto policy with liability limits of $500,000. If you cause an accident that ultimately leads to a lawsuit judgment of $750,000, you’d be on the hook for the extra $250,000 — unless you have a comprehensive umbrella policy that picks up where your base policy leaves off.

A raincoat can protect you from the elements, but that protection will only be sufficient up to a point. Areas of your body will still get wet. Like an umbrella, an umbrella insurance policy gives you an extra layer of protection.

Many insurance policies are designed to safeguard one asset. Homeowners insurance, for example, covers your house. Auto insurance covers your car. An umbrella policy, however, is a single policy that protects multiple aspects of your financial life.

Life is unpredictable. To be truly secure, to enjoy true peace of mind, individuals and businesses need an additional layer of liability coverage, a “true umbrella” policy. A comprehensive true umbrella insurance policy will fill the gaps in a traditional policy. It will cover the exclusions in other policies and provide true peace of mind.

If you’re concerned about safeguarding your assets from incidents, accidents, or lawsuits, you need an umbrella policy.

XINSURANCE is a trusted insurance partner that specializes in covering the most challenging risks. When other insurers say “no,” we say “yes.” If you’ve been canceled, non-renewed, or denied coverage by another provider, we’re willing and able to offer a solution. We can also fill the gaps in your current plan, such as adding coverage on top of your existing policies. You’ll receive true protection that mitigates your risk and safeguards your business and personal assets.

If you have standard insurance and are fed up with companies settling frivolous lawsuits – then XINSURANCE can provide coverage to enhance your existing coverage. Insurance companies are excluding coverages and reducing risk protection while XINSURANCE is expanding those options and providing proper coverage. While the market is shrinking, XINSURANCE is broadening the solutions they provide.

No matter what great insurance company you think you have, you need:

• A free XINSURANCE review to identify gaps, exclusions, and any gray areas in your existing insurance policy
• An XINSURANCE Enhancement Policy that fills gaps for animals, firearms, or off-site equipment (just to name a few). It will also watch over you and help you deal with your primary carrier instead of you hiring a lawyer out of your own pocket
• True Peace of Mind with X-Enhancement
• True Umbrella with higher limits desired

Even what you might consider areas of little concern can become big problems once the claim amount rolls in, especially if you’ve opted for the minimum level of coverage on your policy. Here are a few statistics that demonstrate how your existing coverage might not be enough:

• A minimum-level auto insurance policy will cover medical costs up to $25,000, but medical bills will often be higher than this, leaving you liable for the remainder of the cost
• Dog bites account for around one-third of all homeowners insurance claims, yet many insurers exclude certain breeds of dogs or dogs with bite histories. This would leave you responsible for the claim cost of around $40,000
• One in ten wealthy individuals don’t have excess liability coverage and 10% had to pay legal judgments at the cost of over $100,000 each

As with the underlying liability policies, an umbrella plan protects against claims of bodily injury and property damage sustained by third parties as a result of your negligence (or your employees’ negligence if you’re a business owner). It also helps to pay the costs of your legal defense if an injured party sues you.

XINSURANCE can provide solutions for an umbrella plan that covers scheduled activities/operations such as the auto accident scenario from the example listed above. Other available coverage options include:

• Active shooter coverage: Offers third-party liability protection. If an injured party or a family member files a successful lawsuit against the organization, the plan will cover the settlement or judgment award up to the limits of the policy. Learn more about active shooter insurance here.
• Alleged sexual abuse and molestation liability: Coverage for sexual misconduct and molestation claims.
• Alleged assault and battery liability: Coverage for assault and battery claims.
• Communicable disease coverage liability: Coverage for negligent exposure to any Declared Pandemic Disease or Pathogen, including COVID-19. Learn more about this coverage, here.
• Professional liability: Coverage for negligence, harmful advice, personal injury, actions of employees, legal defense, and more. Learn more about professional liability, here.
• Animal or dog bite liability: Third-party coverage that protects you in the event of damages or injuries caused by your dog or other pet that you own. Learn about animal liability, here.
• Hired and non-owned auto (HNOA) liability: Covers liability and medical expenses for the vehicle(s) that you hire or borrow.
• Customer or visitor injury: Covers situations such as when an employee causes damage to property owned by a customer or a visitor to your business facility sustains a slip-and-fall injury.
• Product liability: Provides excess liability coverage if a product your company manufactures causes an injury to a user. A typical example is when a product contains a defect, or when you fail to provide adequate instructions or warnings regarding the safe use of the item.
• Libel/slander: Covers you if you make injurious written or verbal statements about another individual or business. An example is a false claim about the inferior quality of a competitor’s products or services.
• Reputational damage: Provides coverage when your actions cause damage to the brand or reputation of another that leads to financial losses and the injured party decides to sue you.

Note: XINSURANCE does not offer umbrella coverage for a business’s workers’ compensation insurance plan.

XINSURANCE’s all-in-one approach to insurance means that you won’t have to look anywhere else for your liability coverage. Instead of buying several policies to cover different risks, we’re able to offer one plan that does it all. You’ll get true peace of mind from knowing that you’re doing everything you can to safeguard your valuable assets. We can even customize our plans to address your unique coverage requirements.

At XINSURANCE, no risk is too big or too small. While a $1 million umbrella insurance policy may be sufficient for many individuals, we’re able to provide coverage of up to $10 million ($20 million through our reinsurance partners).

Regardless of the size of the policy you purchase from us, you’ll receive exceptional service every step of the way. It starts with our fast, seamless quote process. Simply fill out and submit an online application for our underwriting team to review. We’ll then schedule a phone call with you to request additional detail about your specific risks and requirements. You’ll receive a quote and we’ll issue your new policy as quickly as possible after you pay the initial premium.

We provide superior customer service and offer same-day quotes and solutions, so call us today – or have your insurance agent call us. We’ll review your existing policy, identify your exclusions, and then write a XINSURANCE True Umbrella Policy that will cover you and ALL of your assets.

There’s no need to be stuck without adequate coverage on your standard insurance policies. Let XINSURANCE help you get an umbrella policy in place right away.

Listen to our latest radio commercial for the XINSURANCE Enhancement Policy!