Umbrella insurance application 2026

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  1. Click ‘Get Form’ to open the umbrella insurance application in the editor.
  2. Begin by filling out the 'General Information' section. Enter the name of your organization, including any subsidiaries, and select your company structure (Individual, Corporation, Partnership, etc.). Provide your head office address and any other locations.
  3. In the next fields, describe your company's operations and indicate if any operations are conducted outside of Canada. Also, provide the number of years your company has been in business and estimated sales/revenues for this year in Canada, U.S.A., and foreign markets.
  4. Proceed to the 'Products and/or Operations' section. Describe products manufactured or sold along with their estimated annual sales per country. Attach any relevant brochures as needed.
  5. Continue through each section methodically, ensuring all questions regarding underlying insurance policies, automobile liability, watercraft liability, and previous loss experience are answered accurately.
  6. Finally, review all information for accuracy before signing the application at the end. Ensure that you have provided a warranty statement confirming that all information is true to the best of your knowledge.

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Minimum coverages before you can get umbrella insurance Required coverageRequired liability limits Residential rental property $300,000 per occurrence Automobiles and motor homes Bodily injury $250,000 each person Bodily injury $500,000 each accident Property damage $100,000 each accident or $500,000 combined single limit5 more rows
As with any insurance policy, Umbrella Claims may be denied under certain circumstances. The most common reasons for denial include policy exclusions, failure to meet policy conditions, or disputes over coverage interpretation.
How Much Does Umbrella Insurance Cost? Coverage AmountAverage Annual Cost $1 million $150-300 $2 million $300-$500 $5 million $500-$1,000 Feb 4, 2025