Umbrella insurance provides protection beyond standard coverage, and they are available in increments of a million dollars. Sometimes known as an excess liability or personal liability insurance, umbrella insurance doesn’t stand alone. Instead, it adds another layer of liability protection on top of the liability built into other policies you have, including auto, homeowner’s, or…Read more
What is Umbrella Insurance?
Umbrella insurance is designed to protect you from liability exposures that your homeowner’s and auto insurance policies do not, as well as fill in gaps in coverage when the limits of these policies are exhausted. Lawsuits are filed daily against ordinary folks, with reasons ranging from the frivolous to the justified. More often than not,…Read more
How Much Umbrella Protection do I Need?
One million dollars is the minimum amount of coverage for an umbrella policy. However, insurance companies usually offer these types of insurance policies in one million dollar increments and often go up to ten or twenty million. Some companies that target high net worth individuals may offer up to hundred million or more. Most people…Read more
What Umbrella Insurance Is and Who Needs It
Insurance policies can be confusing, so it’s nice when you can at least understand what their names mean. Umbrella insurance provides us with a perfect example a self-explanatory name. On the most basic level, insurance policies and umbrellas perform the same function: protection. Insurance protects you from financial hardships and an umbrella protects you from…Read more