Hurricane Season Is Coming—Are You Ready?
From preparation tips to insurance insights, our 2026 Hurricane Guide equips you to prepare your home or business, understand your coverage, and protect what matters most—before the storm hits.
Why Umbrella Policies Make Sense
If you have homeowners and auto insurance, or any other combination of personal insurance policies such as condo insurance, more than likely your independent insurance agent will recommend considering adding umbrella coverage as a secondary policy. Umbrella policies cover additional liability over and above what your primary policies cover. In today’s litigious environment, the liability protection they provide makes sense for many policyholders.
What does umbrella insurance cover?
Umbrella insurance will cover you if you face liability for property damage or injury to yourself or others and associated legal defense costs. The umbrella policy covers liability that exceeds the amount of your primary policies.
For example, if you have a homeowners policy that includes up to $500,000 in liability, an umbrella policy would kick in if you were at fault in an accident in which the victim was awarded more than $500,000 in damages. This is why umbrella insurance is also called excess liability insurance.
How much does umbrella insurance cost?
Besides the protection and peace of mind umbrella insurance provides, perhaps its best feature is how affordable it is. While rates vary depending on your claims history, where you live and other factors, $1 million of umbrella coverage can cost less than $200 a year (less than $17 a month).
How much umbrella coverage should you have?
This depends largely on the value of your assets, any investments, your income, and future earning potential. Your assets and income are at risk in a lawsuit. It is important to consider what kinds of risks you face as well as the value of your assets and the potential loss of income you might face in the event of an accident in which you are found liable.
If you would like to discuss whether you need an umbrella policy, call us today. We will review your current coverages and deliver several options for you to consider.
I wanted to take the time to let you know just how happy we are to have Sharon Rackley as our commercial insurance agent for our businesses. It seems that most of the time you only hear the complaints of our customers and I just felt compelled to write to explain what a wonderful, professional, and ethical employee you have with Sharon. Wow, a breathtaking experience to have an agent who actually cares even if your account isn’t the biggest on the books. Sharon gave us personal service an we feel that she went above and beyond her job to help us with new insurance and with the ongoing issues with our prior agent in Wilmington. She made the transition an easy one and helped with all the bumps and punches we took from our previous carriers. I am so very pleased with Sharon and SFI and I know our relationship will grow through the years because I plan on being around for a long time and I can see SFI’s future being strong too with such professional people. Thank you so very much and please forward a hug from me and from my partner Shannon to Sharon. Great Job!!!!!!!
1961 NC Hwy 172, Suite 109 Sneads Ferry, NC 28460
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910-327-3388
13480 NC-50 Surf City, NC 28445
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910-329-4443
Mailing Address
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PO Box 519 Sneads Ferry, NC 28460
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Fax: 910-329-4449
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