What is an umbrella policy?
Umbrella insurance is a form of liability that will supplement your basic liability policies included in your auto, home or renter's insurance. An umbrella policy provides a much greater limit and goes above and beyond claims directly relating to your home and auto. The main purpose of your umbrella policy is to protect your assets from an unforeseen event, such as a tragic accident in which you are held responsible for damages or bodily injuries. If another party files a lawsuit against you, your umbrella coverage will pay for the damages you're legally responsible for up to the policy limit.
Who should have one?
We recommend that everyone carry an umbrella policy. This is designed to cover you and family financially from catastrophic life events that could occur.