Get in touch
Phone: 719-494-1330
Fax: 336-450-1689
Email: marc@cmigllc.com
Address: 5555 Erindale Drive, Colorado Springs, Colorado 80918, United States
Extra protection for life’s unexpected moments.
Umbrella Insurance
Umbrella insurance gives you more peace of mind.
Simple solutions for extra protection.
We’ll help you understand how an umbrella policy works & how it complements your existing coverage to protect your assets.
Affordable, high-limit policies for peace of mind.
Our team works with multiple carriers to find umbrella policies that give you the protection you need at a price that fits your budget.
Local guidance from trusted professionals.
As a Colorado Springs agency, we understand the unique risks you face & help you find umbrella coverage that makes sense for your life or business.
Frequently Asked Questions
What is umbrella insurance & why do I need it?
Umbrella insurance provides extra liability coverage beyond your existing home, auto, or renters policies. It protects you if you’re sued for damages that exceed your standard policy limits, helping cover legal defense costs, medical bills, & settlements. If you have assets to protect, an umbrella policy gives you peace of mind.
Is umbrella insurance expensive?
No! Umbrella policies are surprisingly affordable, with rates often starting at just a few hundred dollars a year for $1 million in coverage. We can provide quotes from multiple carriers to find the best option for your budget.
How does umbrella insurance work with my current policies?
An umbrella policy kicks in when the liability limits on your underlying insurance (like auto or homeowners) have been exhausted. For example, if you’re responsible for an accident & your auto policy pays out its maximum, your umbrella policy would cover the remaining costs, up to its limit.
Who should consider an umbrella policy?
Anyone who owns property, has significant savings, or wants to protect themselves from lawsuits should consider umbrella insurance. It’s especially helpful for landlords, business owners, or people with recreational vehicles like boats or motorcycles.
How much coverage can I get with an umbrella policy?
Most umbrella policies start at $1 million in coverage & can increase in $1 million increments. The right amount depends on your assets & risk factors. We’ll help you assess your needs to determine how much coverage makes sense.