Why You Should Own an Umbrella Insurance Policy in Delaware

When it comes to protecting your financial future, standard insurance policies like auto or homeowners may not be enough. That’s where umbrella insurance comes in—a smart, affordable way to add an extra layer of protection over your existing coverage.

What Is Umbrella Insurance?

Umbrella insurance is a type of personal liability insurance designed to kick in when the limits of your standard policies (such as auto, homeowners, or boat insurance) are exhausted. It helps protect your assets and future earnings from large claims or lawsuits that exceed your underlying coverage.

Why Delaware Residents Should Consider an Umbrella Policy

Delaware is a wonderful place to live, but just like anywhere else, accidents can happen. Whether you’re driving along Route 1, hosting a summer barbecue, or your teen is just learning to drive, unexpected events can lead to serious liability claims.

Here are a few reasons why having umbrella insurance in Delaware is a smart move:

1. Lawsuits Are Expensive

If someone is injured on your property or in a car accident where you’re at fault, legal and medical expenses can add up fast. If you're sued for more than your standard policy covers, your personal savings, home, or retirement accounts could be at risk. Umbrella insurance protects those assets.

2. Coverage for the Unexpected

Umbrella policies often cover things your base policies don’t, including:

• Libel or slander lawsuits

• False arrest or detention

• Rental property liability

• Accidents involving your teen driver or pets
  

3. Peace of Mind at a Low Cost

One of the biggest advantages? Umbrella insurance is very affordable. For a relatively low premium (often starting around $150–$300/year for $1 million in coverage), you get substantial protection and peace of mind.

4. Delaware’s Litigious Environment

Delaware has its fair share of personal injury lawsuits, especially with its proximity to high-traffic areas and coastal tourism. If you own significant assets or operate a small business, you're at a higher risk of being targeted in a lawsuit.

Who Needs Umbrella Insurance?

While everyone can benefit, umbrella policies are especially valuable if you:

• Own a home or rental property

• Have teenage drivers

• Own a pool, trampoline, or pets

• Host guests regularly

• Travel frequently

• Have significant savings or assets to protect
  

Let Downes Insurance Help

At Downes Insurance in Milford, DE, we believe in helping our clients prepare for the unexpected. We’ll work with you to evaluate your risks and recommend the right umbrella coverage to fit your life and budget.

📞 Call us today at (302) 422-5020

🌐 Visit us at www.downesinsurance.net

📍 Or stop by our office at 1047 N Walnut St in Milford, DE --- we’re always happy to chat!

Protect more than just your car and home. Protect your future. Downes Insurance – Serving Delaware with integrity, independence, and personal service.