What Is Umbrella Insurance?
Umbrella insurance provides additional liability coverage beyond your home and auto policies. It kicks in when your underlying policy limits are exhausted, protecting your assets and future earnings from lawsuits.
Who Needs Umbrella Insurance?
If your net worth exceeds your liability coverage limits, or you have a pool, trampoline, teen driver, or dog, umbrella insurance is strongly recommended. Policies typically start at $1 million for $150-$300/year.