Umbrella insurance is designed to protect you in emergencies. Accidents can happen at any moment. That is why it is important to have a safety net in place. However, there are possible exclusions to think about while you research umbrella insurance policies. What Is Umbrella Insurance? Umbrella insurance is another form of liability coverage. It supplements the liability coverage on
An umbrella insurance policy extends beyond the limits of your standard insurance policies to give you excess coverage over and above what is offered by the other liability policies. This policy is especially useful if you have valuable assets that you might lose in a lawsuit. An umbrella insurance policy protects you and your assets by covering you for excessive
If you have a source of income and assets/savings, you should purchase a personal umbrella insurance policy. One of the key reasons to have umbrella insurance is that if you lose a lawsuit, the legal settlement can wreak your current assets as well as your future income. Here are five reasons why you need a personal umbrella insurance policy. 1.