Umbrella insurance covers claims in excess of regular homeowners, auto, or boat insurance. It also covers certain claims that the primary policies may exclude. Umbrella insurance usually kicks in when the liability limits of these other policies have been reached. If you live in or near Jefferson City, MO, and need umbrella insurance, contact us at Luebbering Insurance Agency LLC today! In the meantime, learn more about Missouri’s umbrella insurance laws.  

It’s important to note that most states, including Missouri, do not directly regulate umbrella insurance. Instead, umbrella insurance policies are often regulated under broader insurance laws and regulations at the federal level, such as those that pertain to contractual obligations, fair practices, and the like. Insurance companies in Missouri are overseen by the Missouri Department of Insurance, which can implement and enforce regulations on all types of insurance.

The rules for who can buy umbrella insurance, how much it costs, what it covers, and when it kicks in can all depend on the insurance company’s own policies. There are, however, industry standards that most insurance companies tend to follow. Both legal regulations and market competition influence these standards.

Here are a few things that are typically true about umbrella insurance, though these can vary:

• It’s usually only available to people with a certain amount of liability insurance through their auto or homeowners insurance.
• It typically covers a wide range of liability situations, with some exceptions. For example, it might not cover damages that are intentional or caused by a business you own.
• It’s usually sold in increments of $1 million, and it’s designed to kick in after the liability limits of your other insurance policies have been exhausted.

And remember, if you need umbrella insurance in or near Jefferson City, MO, be sure to reach out to us at Luebbering Insurance Agency LLC today!