Umbrella Insurance in Colorado

At Front Range Insurance Services, our licensed insurance agents can help you obtain an umbrella insurance policy to protect your assets and the lifestyle you’ve worked hard for. An umbrella policy protects you and your family when you have exceeded the liability limits on your underlying insurance policies – such as your auto, homeowners, RV, watercraft, or motorcycle insurance.

Consider this Scenario

You’re driving your car on a stormy evening. You lose control and accidentally hit another vehicle. The accident causes:

• Significant damage to the other car
• Severe injuries for the other vehicle’s driver and passengers. Their medical care cost is $800,000.

Your auto policy pays $500,000 (your underlying auto policy limit) towards their medical expenses and covers repairing their vehicle. However, that leaves $300,000 in unpaid medical bills for which you are legally responsible.

Without an Umbrella Policy

You could become liable for paying the remaining $300,000 in medical bills. This could mean:

• Wage garnishment
• Liquidation of savings/assets
• Major financial strain

With an Umbrella Policy

• Your auto insurance pays the first $500,000 (your underlying auto policy limits)
• Your umbrella pays the remaining $300,000
• You have peace of mind in knowing that your assets are protected and the medical costs are covered for the other party

When you consider the high cost of emergency care, surgical bills, rehab, pain and suffering or lost income – costs can rise quickly if you’re found liable for someone’s injuries. Without an umbrella policy, your assets, savings, and future income could be at risk.

Contact one of our licensed insurance agents today to learn more about a personal umbrella policy. We can compare policies from multiple insurers and find the most affordable rate and the right policy for your needs.