Umbrella Insurance Minnesota — Frankot Agency
Umbrella Insurance
Extra protection when you need it most.
Your home and auto policies have liability limits — but a serious accident or lawsuit can exceed those limits quickly. Umbrella insurance from Frankot Agency provides an extra layer of protection that kicks in when your other policies run out.
What's Covered
What Umbrella Insurance Covers
Excess Liability
Kicks in when your auto, home, or other underlying policy limits are exhausted — providing an additional $1 million or more in coverage.
Bodily Injury Liability
Covers serious injuries you cause to others in auto accidents, on your property, or in other covered situations.
Property Damage Liability
Covers damage you cause to others' property beyond what your underlying policies cover.
Personal Liability
Covers certain claims not covered by standard policies, such as libel, slander, and false arrest.
Legal Defense Costs
Pays for attorney fees and legal costs even if a lawsuit is ultimately decided in your favor.
Worldwide Coverage
Most umbrella policies extend coverage globally — protecting you whether you're in Minnesota or abroad.
Why Frankot Agency
Local Expertise,
Personal Service
As an independent Minnesota insurance agency, we work for you — not the insurance companies. That means we shop multiple carriers to find you the best coverage at the best price.
- Policies typically start at $1 million in additional coverage
- Surprisingly affordable — often just $150–$300 per year
- Protects your assets, savings, and future earnings
- Required by some lenders and landlords
- Works with your existing home and auto policies
- Especially important for rental property owners and high-net-worth individuals
Common Questions
Frequently Asked Questions
How much does umbrella insurance cost?
Umbrella insurance is one of the best values in insurance. A $1 million policy typically costs between $150 and $300 per year — less than $1 per day for a significant amount of additional protection.
Who needs umbrella insurance?
Anyone with assets to protect should consider umbrella insurance. It's especially valuable for homeowners, rental property owners, parents of teenage drivers, people with pools or trampolines, and anyone with significant savings or investments.
What does umbrella insurance NOT cover?
Umbrella insurance does not cover your own injuries or property damage, intentional acts, business-related liabilities, or claims covered by workers' compensation. It's designed specifically for liability claims made against you by others.
Do I need to have home and auto insurance to get umbrella coverage?
Yes. Umbrella insurance requires underlying policies (typically home and auto) with minimum liability limits. It's designed to sit on top of your existing coverage, not replace it.
Ready to get covered?
Talk to a local Minnesota agent today — no pressure, no obligation.