As an insurance professional always trying to provide my clients with the proper amount of insurance protection I would say, if you have car insurance you should have an umbrella policy.
What is an umbrella policy and why would I need one?
An umbrella policy is a liability insurance policy that provides an extra layer of coverage over and above your underlying insurance policies which may include auto, home, boat, or rental property.
What does a personal umbrella policy cover?
A personal umbrella policy acts as last line of liability defense in the event the limits of your underlying policies, (Think Auto, Home, Boat, etc) are used up.
How does an umbrella insurance policy work?
In the case of a personal umbrella underlying policies would include auto insurance, homeowners insurance, boat insurance, rental property insurance, etc. If the limit of liability is used up on the underlying policy then the umbrella kicks in to provide additional coverage.
