High Net Worth Umbrella Insurance: Protect What You've Earned

In a world where lawsuits are rising and liability risks are real, traditional insurance alone isn’t enough—especially if you're wealthy. Whether it’s multiple homes, investments, or business holdings, your assets deserve extra protection. This is where high net worth umbrella insurance from Bloomingdale Insurance Services steps in, providing excess liability coverage designed to safeguard your legacy and lifestyle.

What Is Umbrella Insurance?

Umbrella insurance is a secondary layer of liability protection that goes beyond the limits of your standard auto, homeowners, or watercraft insurance. It steps in when those base policies are exhausted due to legal fees, damages, or medical expenses.

Unlike traditional policies, umbrella insurance covers:

• Bodily injury
  
  

• Property damage
  
  

• Libel and slander
  
  

• Legal defense costs
  
  

For those who face complex financial exposure, like landlords or high-income earners, a personal liability umbrella insurance policy is not just a good idea—it’s essential.

Why You Need High Net Worth Umbrella Insurance

1. Protect Your Assets

You’ve spent years building your wealth—don’t let one lawsuit wipe it out. High net worth umbrella insurance shields your assets when lawsuits exceed your existing insurance limits.

2. Worldwide Coverage

Whether traveling abroad or hosting at home, Bloomingdale Insurance Services offers policies that extend protection globally.

3. Covers Libel and Defamation

High-profile individuals are often exposed to slander and libel suits. Standard policies typically don’t cover this—but an umbrella policy does.

4. Cost-Effective Peace of Mind

Get $1 million+ of excess liability coverage at a surprisingly affordable rate. It’s an investment in peace of mind.

Who Should Consider High Net Worth Umbrella Insurance?

If any of the following apply, you should strongly consider this specialized coverage:

• Own multiple properties or luxury assets
  
  

• Have a public or online presence
  
  

• Serve on boards of directors
  
  

• Employ domestic staff
  
  

• Have teenage drivers
  
  

• Host frequent events at home
  
  

These scenarios elevate your liability risk, making personal liability umbrella insurance crucial.

Umbrella Insurance for Landlords: A Must-Have

If you're a landlord, your exposure goes beyond just property value. Tenants, contractors, and visitors increase liability. Umbrella insurance for landlords ensures you're not personally liable for:

• Injury on your rental property
  
  

• Tenant or guest lawsuits
  
  

• Property damage beyond standard coverage
  
  

With Bloomingdale Insurance Services, landlords get personalized umbrella coverage that integrates with landlord and property insurance, creating a bulletproof safety net.

Excess Liability Coverage: The Financial Firewall

Excess liability coverage is the defining strength of high net worth umbrella insurance. It:

• Fills coverage gaps after base policy limits are exceeded
  
  

• Protects against large verdicts or settlements
  
  

• Includes legal fees, judgments, and punitive damages
  
  

When your home or auto policy caps at $300,000, but a claim costs $1 million, umbrella insurance handles the remaining $700,000—preventing asset liquidation or bankruptcy.

Benefits of High Net Worth Umbrella Insurance

Why Choose Bloomingdale Insurance Services?

✔️ Tailored Coverage

We understand every high-net-worth client has unique needs. Our advisors work with you one-on-one to design custom umbrella solutions.

✔️ Trusted in Valrico, FL

Serving individuals and families across Florida, Bloomingdale Insurance Services is the go-to for umbrella insurance with a human touch.

✔️ Expertise Across All Profiles

From landlords to corporate executives, we craft personal liability umbrella insurance and excess liability coverage with precision.

5 Real Customer Reviews

1. Ashley P. – Tampa, FL
"I own several properties, and Bloomingdale Insurance Services helped me find an umbrella policy that covers all my assets. I sleep better at night."

2. Jordan R. – Brandon, FL
"A friend got sued after an accident. I immediately called Bloomingdale. Their umbrella insurance saved my business from a potential disaster!"

3. Linda M. – Valrico, FL
"After a neighbor filed a lawsuit over a dog bite, my umbrella policy kicked in. So grateful for the quick and thorough support!"

4. Tony D. – Lakeland, FL
"I never thought I needed umbrella insurance until my teenage son caused an accident. The extra coverage saved us from financial ruin."

5. Greg H. – Riverview, FL
"Bloomingdale’s high net worth umbrella insurance gave me the protection I didn’t know I was missing. Highly recommend their team!"

5 FAQs About High Net Worth Umbrella Insurance

1. What does high net worth umbrella insurance cover?

It provides excess liability coverage beyond the limits of your home, auto, and boat insurance. It also includes legal fees, libel, slander, and personal injury protection.

2. How much coverage do I need?

It depends on your total net worth. At Bloomingdale Insurance Services, we recommend umbrella insurance that at least equals your total assets.

3. Is umbrella insurance for landlords different?

Yes. Umbrella insurance for landlords includes risks specific to rental property ownership, such as tenant lawsuits and property damages.

4. How much does personal liability umbrella insurance cost?

Premiums vary but typically start at $150–$300 per year for $1 million in coverage. For high-net-worth individuals, this is a small price for massive protection.

5. Where can I buy high net worth umbrella insurance?

Visit now Bloomingdale Insurance Services to get personalized quotes and guidance. We specialize in building custom umbrella policies for families, landlords, and wealthy individuals.

Conclusion

In a world of legal risks and rising liabilities, high net worth umbrella insurance is no longer a luxury—it’s a necessity. Whether you're protecting homes, businesses, or a generational legacy, don’t leave your financial well-being exposed.

With Bloomingdale Insurance Services, you gain a partner committed to safeguarding what you’ve worked so hard to build. From personal liability umbrella insurance to umbrella insurance for landlords, we’ve got you covered—literally and figuratively.