Umbrella Insurance Laws in California

Umbrella insurance is a unique type of plan in California that can help work as additional coverage for various policies, including home and auto insurance. If you find a quality plan, you may even be able to take advantage of coverage that is not included in standard liability policies. If you’re looking for umbrella insurance in Pismo Beach, CA, be sure to contact us at Neff & Associates Insurance Services Inc to learn more. 

Currently, California does not require you to obtain umbrella insurance. As a result, the only laws applicable to this kind of insurance in the state apply to most individual insurance policies. 

When looking for an umbrella insurance policy in California, you’ll want to consider the following factors:

• Minimums: Most California insurance companies require you to attain a minimum amount of coverage in an umbrella policy. For example, you may need a minimum of $400,000 for home insurance or $250,000 for auto insurance. It all depends on your California location and the plan type you want to complement.
• Coverage: Umbrella insurance policies usually provide broad coverage. This generally includes property damage, lawsuits, and personal liability in California. 
• Limits: In California, umbrella coverage can go above $5 million in coverage. Just remember that the limits you want will directly impact the cost of your policy.  
• Global Coverage: Most California policies offer limited coverage for accidents that happen outside of the United States. 

Remember, even though it may not be required by California law, having an umbrella insurance policy could offer a great deal of protection against claims or lawsuits. And remember, if you’re looking for umbrella insurance in Pismo Beach, CA, contact us at Neff & Associates Insurance Services Inc today!