Extra Protection

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In today’s highly litigious landscape, protecting your assets from a lawsuit in the event of a catastrophic injury or accident for which you are found responsible takes more than the Liability limits available in primary policies like Homeowners and Auto insurance. At Olson Duncan, we recommend that our clients add a Personal Umbrella policy to their insurance program. It provides you with the extra protection you need at a very affordable price.

Opening A Personal Umbrella

A Personal Umbrella policy is designed as a fail-safe for your savings and other assets. If you’re sued for damages that exceed the liability limits of your Auto insurance, Homeowners insurance, Watercraft insurance or some other Liability policies, an Umbrella policy helps pay what you owe.

For example, let’s say you have $300,000 in Liability coverage on your Auto policy. You’re in an accident that causes severe injuries to the other driver and are found to be at fault, and a lawsuit is settled for $1 million. Your Auto policy would pay $300,000 of this settlement, with you having to pay the rest out of pocket. A $1 million Umbrella policy would extend your total Liability coverage to $1.3 million and kick in after your Auto limits were exhausted.

The amount of coverage you should carry in an Umbrella policy depends on your net worth, including your income, savings, and assets. Coverage is written in million-dollar increments and provides good value for the cost. We can tailor a policy that works for you based on your exposures and financial circumstances. We can provide you with a high-limit Umbrella policy for those with significant assets.

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Our Value

At Olson Duncan, we aim to provide clients a total solution, not simply a quote or an insurance policy. With us, you get real value and a long-term relationship based on trust. We would love to get to know you and answer any questions.
To learn more about how we can help you, please call our team at

(310) 373-6441

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