Personal Umbrella Insurance for Bonanza Households
Add $1M–$10M of liability protection above your auto and home/condo/renters policies. We set the right underlying limits for Colorado, coordinate with your landlord or recreational needs.
Why Bonanza Residents Choose Umbrella Coverage
Rural roads, outdoor activities, winter weather hazards, and property ownership in Bonanza increase the chance of large liability claims. If a judgment exceeds the limits on your auto or homeowners policy, an umbrella helps protect savings, home equity, and future income.
We’ll sync your base policies with carrier requirements, then add an umbrella limit that fits your household, drivers, and properties.
Colorado Context: Underlying Policies & Landlord Rules
Auto Policy: Minimum vs Higher Limits
Colorado requires a minimum auto policy of $25k/$50k for bodily injury and $15k for property damage. Umbrella carriers typically require higher underlying auto liability—often $250k/$500k or more. If your policy is at minimums, we’ll upgrade your underlying limits to qualify.
Home/Condo/Renters Liability
Most umbrellas require at least $100k personal liability on your homeowners/condo/renters policy. We’ll also look at recreational vehicles, ATVs, and other exposures that may need scheduled underlying coverage.
Landlords & Property Owners
Colorado law requires owners of rental properties to carry liability insurance. Your personal umbrella generally excludes business pursuits; landlords may need a landlord or commercial umbrella to sit over those policies.
Bonanza Area Considerations
In rural areas like Bonanza, ensure compliance with local county requirements for property insurance. We’ll coordinate certificates of insurance when your lender or associations ask.
Tip: Keep records for driver training, security systems, and any pet training—these can help with underwriting.
What Your Bonanza Umbrella Can Cover
Auto Liability
- High-severity crashes, multiple injuries, or rural road incidents
- Family drivers and multi-vehicle households
Home & Premises
- Slip-and-fall injuries on property
- Outdoor recreational incidents (subject to underwriting)
Personal Injury (policy-specific)
- Libel, slander, defamation allegations
- Some worldwide incidents within policy territory
Recreational & Outdoor
- Excess over RV or ATV liability when underlying limits are met
- Consider specialized policies for larger recreational exposures
What’s Not Covered
- Intentional acts
- Business activities and most landlord exposures under a personal umbrella
- Professional services (get E&O/D&O and a commercial umbrella)
- Damage to your own property
- Vehicles/recreational equipment without required underlying limits
How Much Limit? What Does It Cost in CO?
Most Bonanza families start at $1M–$2M. If you have multiple drivers, outdoor activities, or higher assets, consider $3M–$5M or more. Pricing is often a few hundred dollars per year for the first million, with additional millions costing less each.
| Exposure | Consideration |
|---|---|
| Family drivers | Increase limits; some carriers require higher underlying auto |
| RVs / ATVs | Ensure liability meets minimums to be covered by the umbrella |
| Pet incidents | Underwriting questions apply; prior claims can limit options |
| Rental properties | Use landlord liability + commercial umbrella for business pursuits |
Our Process for Bonanza Households
- Exposure Map — drivers, properties, pets, RVs, outdoor activities, rentals.
- Underlying Tune-Up — set auto/home/RV liability to insurer minimums.
- Limit Selection — net worth + future income + risk profile.
- Bind & Certificates — ID cards and COIs for lenders and associations.
- Annual Review — adjust for new drivers, property changes, or claims.
