Umbrella insurance is critical to a strong insurance plan.
If you were found negligent or liable for someone else’s bodily injury or death, would your existing policies provide enough coverage to protect your assets?

An umbrella policy is a standalone liability policy that adds an extra layer of protection above the liability limits on your underlying policies—typically auto, homeowners, renters, condo, landlord, boat, or recreational vehicle insurance.

Life is unpredictable. Even when you plan for the best, costly accidents can happen. Umbrella insurance provides additional coverage that goes above and beyond to help safeguard your savings, home, future income, and other assets.

How umbrella insurance works:

Say you’re held liable for a multi‑vehicle accident with injuries totaling $850,000. Your auto policy’s bodily injury liability limit is $300,000.

• Auto policy pays: $300,000
• Without umbrella: You owe the remaining $550,000 out of pocket
• With a $1,000,000 umbrella: The umbrella can step in above your auto limit and pay up to its limit, covering the remaining $550,000 (subject to policy terms)

Other common scenarios where umbrella can help:

• Your dog bites a neighbor’s child
• A kitchen fire in your condo spreads to other units
• A serious injury occurs at your rental property
• A guest is injured at your home and sues
• A boating accident causes injuries and property damage

What an umbrella policy typically covers

• Additional liability limits above your underlying policies
• Bodily injury and property damage liability
• Certain personal injury claims (e.g., libel, slander) depending on the carrier
• Legal defense costs, which can be significant, are often covered in addition to limits or within limits depending on the policy

We’ll review carriers’ forms and make sure your underlying policies meet required minimum limits so your umbrella responds as expected.

How much does umbrella insurance cost?

Umbrella coverage is often surprisingly affordable:

• Many carriers start around $150–$300 per year for $1 million in coverage
• Premium varies based on the number of homes, vehicles, drivers, youthful operators, recreational vehicles, boats, and prior losses
• Limits commonly range from $1 million to $5 million; higher limits may be available

Given today’s medical costs and legal judgments, umbrella insurance is a high‑value layer of protection for most households.

Note: Many carriers require at least your auto policy to be placed with them to qualify for an umbrella. Standalone umbrella options can be available in special circumstances—we can advise on eligibility.

Get an umbrella insurance quote for your Knoxville household

We’ll review your current policies, drivers, properties, recreational exposures, and desired limits, then shop multiple carriers to find strong coverage and value.

• Phone: (865) 922-2744
• Email: info@sharpinstn.com
• Office: Knoxville, TN (Office currently in renovation)
• Service Area: Knoxville and all of Tennessee

Contact Sharp Insurance Agency today for a personalized Knoxville homeowners insurance quote and see how the right coverage, carrier, and price come together.