How Much Umbrella Insurance Do I Need in South Carolina?

By Brad Davis, CIC (October 5, 2025)
Davis Insurance Associates — Myrtle Beach, SC

Why Umbrella Insurance Matters

When it comes to protecting your assets, few coverages are as underrated as personal umbrella insurance. It’s the extra layer of liability protection that steps in after your home, auto, or boat insurance limits are exhausted.

If you’re ever sued for causing injury, property damage, or libel—or if someone is hurt on your property—your standard liability limits may not be enough. In today’s world, lawsuits can easily exceed $500,000 or even $1 million, especially when medical bills or lost income are involved.

That’s where umbrella insurance comes in. It provides an additional $1 million (or more) in coverage above your existing policies, often for less than a few hundred dollars a year.

Who Needs Umbrella Insurance in South Carolina?

If you:

• Own a home, condo, or vacation property in Myrtle Beach or along the Grand Strand

• Have a teen driver or multiple vehicles

• Own a boat, jet ski, ATV, or rental property

• Have significant savings, retirement accounts, or investments

• Participate in activities that could increase liability risk (hosting parties, coaching youth sports, volunteering, etc.)

Then you’re a great candidate for umbrella coverage.

Even if you’re not “wealthy,” you still have something to protect—your future income. A court judgment can garnish wages or seize assets, which makes an umbrella policy a smart and affordable safeguard.

You can check out more about Umbrella Insurance from TrustedChoice.com. BTW – we are a Recommended Local Agency – want to check out our Trusted Choice Profile?

How Much Umbrella Coverage Do You Need?

That’s the big question, right?

Many people start with a $1 million policy, but depending on your total assets and liabilities, you might need $2 million, $5 million, or even more.

A simple way to estimate is to look at your net worth—everything you own minus your debts. Your umbrella policy should at least cover that amount.

To make it easy, we created a quick tool to help:

Understanding Your Results

The calculator adds up your total assets—like home equity, retirement savings, vehicles, and business ownership—then subtracts your debt to estimate your net worth.

It then suggests a starting point for your umbrella policy, rounding up to the nearest $1 million.

Keep in mind:

• Every carrier has different maximum limits (some up to $10 million).

• You can often bundle umbrella coverage with your home and auto insurance for a multi-policy discount.

• You should always review your specific situation with a licensed insurance professional.

How Davis Insurance Associates Can Help

At Davis Insurance Associates, we help families across Myrtle Beach, Horry County, and throughout South Carolina find the right coverage for their needs and budget.

We represent multiple top-rated companies that offer umbrella coverage, and because we’re an independent agency, we can compare rates and tailor your policy to your unique situation.

We can also review your home, auto, boat, and rental property policies to ensure your liability limits align and that you’re receiving all available discounts.

Get a Personalized Umbrella Insurance Quote

Ready to protect your hard-earned assets?
Use the calculator above to estimate how much coverage you might need—then let’s make sure you have it.

👉 Request an Umbrella Insurance Quote
or
📞 Call (843) 213-0000 to speak with one of our local agents.

We’ll help you find the right coverage for your family, your lifestyle, and your peace of mind.