Oklahoma Umbrella Insurance
An Extra Layer of Protection for Life's Unexpected Moments
An umbrella insurance policy provides an additional layer of liability coverage beyond the limits of your existing home, auto, or other insurance policies. This type of insurance is particularly beneficial for covering legal fees, damages to other people's property, and injuries to others for which you are held responsible. It is designed to protect your assets and future earnings from large liability claims or lawsuits that exceed your standard policy limits.
Coverage Options
Protection Against High Liability Claims
Umbrella insurance provides coverage for liability claims that exceed the limits of your underlying policies. For example, if you are found liable for a serious car accident and the damages exceed your auto insurance limits, your umbrella policy kicks in to cover the remaining costs, protecting your personal assets.
Legal Defense Costs
One of the most valuable aspects of umbrella insurance is coverage for legal defense costs. Even if a lawsuit against you is ultimately dismissed, legal fees can be substantial. Umbrella insurance covers these costs, ensuring that a frivolous lawsuit doesn't drain your savings.
Worldwide Coverage
Unlike many standard insurance policies, umbrella insurance often provides worldwide coverage. This means you are protected against liability claims that occur outside the United States, giving you peace of mind when traveling internationally.
Coverage for Non-Standard Situations
Umbrella policies can also cover situations that may not be included in standard policies, such as libel, slander, false arrest, or invasion of privacy. This broad coverage makes umbrella insurance a comprehensive safety net for a wide range of potential liabilities.
Rental Property Liability
If you own rental properties, umbrella insurance can extend liability coverage to those properties as well. This protects you from claims made by tenants or visitors who are injured on your rental property, beyond what your landlord policy covers.
Frequently Asked Questions
Anyone with significant assets to protect can benefit from umbrella insurance. It's especially valuable for homeowners, vehicle owners, parents of teenage drivers, dog owners, frequent hosts, and anyone with a high public profile. If a lawsuit judgment exceeds your standard policy limits, umbrella insurance protects your savings and future income.
Top 3 Recommended Policies
Founder & CEO of Thrive Insurance
- 1Personal Liability Coverage
- 2Legal Defense Coverage
- 3Excess Liability Coverage
Why Choose Thrive?
- Affordable coverage — typically $150–$300/year for $1M in protection
- Covers gaps left by your auto and home policies
- Protects your savings, home, and future earnings
- We tailor coverage to your specific asset profile
- Peace of mind for high-net-worth individuals and families
We can help you with any of your insurance needs!
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(405) 241-9710Other Personal Insurance
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We are high performing, outrageously helpful insurance advisors who protect our customers' quality of life. Because there's more to life than insurance, we live and work with purpose.
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