Umbrella insurance offers you coverage above and beyond your basic insurance policies. Let’s suppose you have an auto policy with 300,000 in liability. If you cause an accident that results in severe injuries, you could easily exceed this limit. Umbrella insurance would then provide you with additional liability coverage.
Umbrellas can also be extended to cover landlord, boat, home, and in many cases commercial policies, to provide additional loss of protection. By protecting you against larger claims and lawsuits, this policy also protects your assets.
There are so many possible liabilities in life, things we probably never consider – such as your deck collapsing while you were having barbeque – and a single policy might not provide sufficient coverage. An Umbrella policy will provide you with extra support to protect your assets and give you peace of mind.