Umbrella Insurance
in Florida

Extra coverage to help protect against the unexpected.

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Florida Umbrella Insurance

You’ve worked hard to build your life in Florida. Now it’s time to protect it. Mercury’s Florida umbrella insurance gives you an added layer of liability coverage that extends beyond the limits of your auto insurance policy. When unexpected accidents turn into costly lawsuits, Mercury helps shield your assets with coverage starting at less than $1 a day.

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What Does Umbrella Insurance Cover in Florida?

Mercury’s Florida umbrella insurance picks up where your standard auto policy leaves off. If a serious accident or lawsuit exceeds your existing coverage limits, umbrella insurance helps protect your income, savings, and property from out-of-pocket liability costs.

Here’s what’s covered:

  • Bodily injury liability: If someone gets hurt in an accident involving your car, umbrella insurance helps pay for their medical bills, rehab, and even legal fees if you’re sued.
  • Property damage liability: This coverage protects you if you’re responsible for damaging someone else’s property, such as hitting another vehicle or backing into a fence.
  • Legal defense costs: Umbrella insurance helps with attorney fees, court costs, and any settlements or judgments if you’re sued, even if you’re ultimately not found at fault.
  • Libel, slander, and defamation: This coverage protects you against lawsuits resulting from statements (online or offline) that harm someone’s reputation.
  • Uninsured/underinsured motorist coverage: Mercury’s updated umbrella product also offers up to $1 million in uninsured/underinsured motorist coverage, giving you extra protection if you’re hit by a driver without enough insurance.

What Does Umbrella Insurance Not Cover?

Umbrella insurance covers a lot, but it doesn’t cover everything. Here’s are some common exclusions:

  • Damage to your own property: If your car gets totaled in an accident, Florida umbrella insurance won’t help with repairs or replacements. You’ll need to rely on your standard, auto policy for that.
  • Your own injuries or medical bills: Umbrella insurance in Florida doesn’t cover your personal medical expenses if you’re hurt in an accident. Health insurance or personal injury protection (PIP) on your auto policy is what you’ll turn to here.
  • Contracts and agreements: Florida umbrella insurance doesn’t cover legal claims tied to contracts. For example, if you break a lease or fail to deliver on a freelance agreement, any legal action against you for breach of contract is not covered.
  • Intentional or criminal acts: It won’t protect you if the damage or injury was caused on purpose. That includes events like road rage incidents, assault, or vandalism.

Who Should Consider Florida Umbrella Insurance?

While umbrella insurance can provide extra peace of mind to anyone, these groups can especially benefit from this coverage.

  • Frequent or teen drivers: If you spend a lot of time behind the wheel or have teen drivers in the household, your chances of being involved in an accident go up. One serious crash could lead to a lawsuit that surpasses your auto liability limits.
  • High-net-worth individuals: If your assets (e.g., home equity, retirement savings, and investments) are worth more than your current liability limits, umbrella coverage can help protect everything you’ve worked hard to build.

How to Get Florida Umbrella Insurance

Mercury offers affordable umbrella insurance in Florida beginning at less than $1 a day. Lock in your rate by reaching out to a Florida insurance agent to start a quote, or call us at (888) 855-3521.

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How Does Umbrella Insurance Work with Existing Policies?

Umbrella insurance isn’t a standalone policy. It’s extra protection that works with your existing coverage. Think of it like a safety net that catches what your auto, homeowners, or renters insurance can’t cover.

Let’s say you’re in a car accident and you’re found at fault. The other driver is badly injured, and the total damages (including medical bills and legal fees) come to $600,000.

  • Your auto liability policy covers up to $300,000
  • The total cost is $600,000
  • That leaves $300,000 that you’d normally be responsible for paying out of pocket

If you had an umbrella insurance policy, it would kick in right after your auto insurance maxed out, covering the extra $300,000 and protecting your savings, home, and future income

What Is the Cost of Florida Umbrella Insurance?

With Mercury Insurance, umbrella insurance can cost less than $1 a day for $1 million in coverage. However, several factors can impact your cost, like, how much coverage you choose, the number of assets you’re protecting, and your overall risk profile. Contact a Florida insurance agent today and they can help tailor a policy to your needs and budget.

How Much Umbrella Insurance Do You Need in Florida?

The amount of umbrella insurance you need depends on how much you have to protect. That could mean anything from your home and vehicles to your savings, investments, and even future earnings. A general guideline? Get enough coverage to match or exceed your total net worth. Most policies start at $1 million, but you may want more based on your lifestyle and risk factors.

Take a look at the chart below to get an idea of what makes sense for you:

Your situation Suggested umbrella coverage
Owns a home and vehicle, limited financial assets $1 million
Significant savings or investments (over $1 million) $2-$5 million
Owns rental properties or multiple real estate assets $2-$5 million
Works in a high-liability field (e.g., medical/legal) $2-$5 million
Public figure or high liability exposure $5 million+

Still unsure how much you need? A Florida insurance agent can walk you through your options and help tailor the right policy for your lifestyle and budget.

Top-Rated Insurance in Florida

Mercury Insurance has earned the trust of Florida residents by providing reliable, affordable coverage throughout the years. Read real reviews and see why so many Florida customers choose Mercury for dependable protection and peace of mind.

Learn More About Umbrella Insurance

Check out these blogs to get more information about umbrella insurance:

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Florida Umbrella Insurance FAQs

What is the minimum coverage required for umbrella insurance in Florida?

Florida doesn’t require umbrella insurance by law, but most insurers (including Mercury) offer coverage starting at $1 million. You’ll also need to carry certain minimum liability limits on your home and auto policies before you can add umbrella coverage.

How much does umbrella insurance cost in Florida?

Mercury provides umbrella insurance starting at less than $1 per day. Contact a Florida insurance agent to secure your rate today.

What are the pros and cons of umbrella insurance in Florida?

Pros include broad liability protection, legal defense coverage, and peace of mind at an affordable price. Cons are that it doesn’t cover your own property or injuries and requires higher base liability limits on your existing policies.

Do I need Florida umbrella insurance?

Umbrella insurance is highly recommended in Florida if your total assets exceed the liability limits on your home or auto policies. It helps protect your finances from large claims, lawsuits, and unexpected accidents.

Can I buy umbrella insurance separately in Florida?

No. Umbrella insurance is designed to work with existing policies.

Do retirees need umbrella insurance in Florida?

Yes, especially if you own your home, have investments, or want to protect your retirement savings. A single lawsuit could jeopardize your assets, and umbrella insurance helps prevent that.

Is umbrella insurance tax-deductible in Florida?

Generally, personal umbrella insurance is not tax deductible.

What Mercury products are available in Florida? Can I bundle?

Here are the products available to Florida residents:

And yes, umbrella insurance is designed to be bundled with other policies like auto insurance.