Umbrella Insurance in Colorado

Picture this: You are facing a huge claim that exceeds the limit of your homeowners' insurance or auto insurance policy. You now have to pay the difference out of your pocket, which could create a huge dent in your finances. Your assets are at risk, and you could potentially be left with nothing.

Could there have been a way to protect yourself from this without having to break the bank? Fortunately, there is – Umbrella Insurance.

Umbrella insurance is an additional layer of liability protection that goes beyond your traditional homeowners and auto insurance policies. It provides you with higher limits of coverage and broader protection in the event that your other policies’ limits are exceeded.

In Colorado, many umbrella policies usually provide coverage of up to $1 million and may include liability protection for personal injury, libel or slander, false arrest, legal defense costs, and more.

At 3R Insurance Agency, we have made it our mission to provide Colorado residents with the best possible deals on umbrella insurance. We understand that everyone’s situation is unique and do our best to tailor our coverage to meet your specific needs. Here's why we stand out from other Umbrella Insurance providers in Colorado:

• Multiple carriers for comparison shopping: Being an independent insurance agency, we partner with multiple insurers to provide you with the best rates without sacrificing coverage. We are not tied to any particular insurer and will always put your best interests first.
• Multiple policy discounts: We make sure that you get the best possible rate by combining your umbrella policy with other types of insurance.
• Coverage tailored to your situation: Your umbrella policy should be tailored to provide you with the best protection for your specific situation. We work hard to understand your needs and craft a policy that meets them.
• Broad coverage: Our policies provide broad protection against a wide array of risks so you can have peace of mind knowing that you are covered.
• Low rates: We are committed to getting you the best possible rate so that your umbrella policy won’t break the bank.
• Flexible payment options: We understand that everyone’s finances are different and offer multiple payment options so that you can choose the best option.
• Professional advice and service: We have a team of experienced professionals who understand the umbrella insurance's ins and outs. We are always available to provide you with answers to your questions and help you make the right decisions.
• Dedicated claims team: If a claim is filed, you can count on us to be there for you with our dedicated claims team. We will ensure that the process goes as smoothly and quickly as possible so you can return to your life.

Our responsive team of experienced professionals is here to answer any questions you may have about umbrella insurance in Colorado. 

Contact us today for more information, and let us provide you with the coverage you need.

Umbrella insurance can be an invaluable asset for Colorado residents. To illustrate how it works in real life, here are a few examples:

Car Accident Bodily Injury

You are driving on a snowy road and lose control of your car. You hit another vehicle and cause serious injuries to the driver and passengers. Your auto insurance has a bodily injury liability limit of $300,000 per accident, but the medical bills and damages amount to $500,000. Your umbrella insurance policy would cover the remaining $200,000 and save you from paying out of pocket or facing a lawsuit.

Slip and Fall Liability Coverage

You host a party at your home and one of your guests slips and falls on your icy driveway. They suffer a concussion and a broken arm and sue you for negligence. Your homeowner’s insurance has a personal liability limit of $100,000 per occurrence, but the legal fees and settlement cost $150,000. In this case, your umbrella insurance policy would covers the extra $50,000 and protect your assets from being seized.

Dog Bite Liability 

You own a dog that bites a neighbor's child while playing in the park. The child needs stitches and rabies shots, and the parents sue you for emotional distress, pain, and suffering. Your renters insurance has a personal liability limit of $50,000 per occurrence, but the jury awards the plaintiffs $100,000. Your umbrella insurance policy would cover the difference and prevent you from going into debt.

Those are just a few examples of how umbrella insurance can be a lifesaver in Colorado. Umbrella insurance can cover additional expenses beyond the limits of your primary policies, protect your assets from being seized, and provide you with legal representation if necessary.

It can cover:

• Liability for libel and slander when you make a false statement that harms someone’s reputation.
• Liability for property damage caused by your pet.
• Liability for accidents and injuries that occur on your rental property.
• Liability for mishaps when using recreational vehicles such as boats and ATVs.
• Non-economic damages such as emotional distress, pain, and suffering.
• Liability related to problems caused by design defects in your home or business.
• Defense costs if you are the defendant in a lawsuit.
• Legal fees for disputes that arise between you and your tenants, customers, or business partners.
• Liability for cybercrimes such as identity theft and data breaches.
• Liability related to false advertising or copyright infringement.
• Liability for accidents or injuries that occur while you are hosting a special event such as a wedding.
• Liability protection if your underage child causes an accident.
• Liability for environmental contamination caused by your business.
• Liability related to negligent hiring or supervision of employees.
• Liability for incidents that occur on school and university campuses.
• And More!

Whether you are a business owner, homeowner, renter, or driver, an umbrella policy can be invaluable in protecting your assets and peace of mind.

The cost of an umbrella policy in Colorado depends on several factors, such as the amount of coverage you need, your claims history, and any other policies that you have. Generally speaking, umbrella insurance is relatively affordable compared to other types of policies.

If you are looking for a ballpark estimate for how much umbrella insurance in Colorado may cost, it is usually around $200 to $400 per year for a million dollars of liability coverage. However, this price can vary depending on the amount of coverage you need and other factors.

It's important to shop around and compare quotes from different providers to find the best rate. Other ways to lower your premium include:

• Increasing your deductible - A deductible is the amount of money you pay out-of-pocket before your policy kicks in. Increasing your deductible can help lower your premium.
• Bundling policies - If you have multiple insurance policies, you may be able to bundle them for a discount.
• Paying annually - Many providers offer discounts if you choose to pay your premium on an annual basis.
• Choosing a higher liability limit - Increasing the amount of liability coverage can help lower your premium.
• Avoiding gaps in coverage - Providers may offer discounts for continuous coverage with no breaks or lapses.
• Improving credit score - A good credit score can help you get a better deal on insurance.
• Taking advantage of discounts - Many providers offer discounts for members of organizations, such as professional associations or alumni groups.

Ultimately, the best way to find the right coverage for your needs is to compare quotes from different providers.

The amount of umbrella insurance you need depends on your particular situation and assets. Generally, it is recommended to purchase an umbrella policy that provides at least one million dollars of coverage. However, some people may need more depending on their assets and potential liability risks.



It is important to be honest and realistic when evaluating your coverage needs. Purchasing a higher amount of umbrella insurance may cost more in premiums, but it may also provide greater protection in the event of a major accident or lawsuit.

Finding the best rate for Colorado umbrella insurance begins with comparing quotes from different providers. Comparing rates can help you find the best deal for your needs.

When comparing quotes, it’s important to look at more than just cost. Read the policy details carefully to ensure the coverage meets your needs and that you thoroughly understand all of the terms, conditions, and exclusions.

The skilled Colorado umbrella insurance agents at 3R Insurance Agency are waiting to help you compare rates and find the best coverage for your needs. We will work with you to find the right coverage at a price that fits your budget.



Contact us today to get started!