Umbrella insurance provides extra liability coverage beyond your home or auto insurance policies. It’s useful if you have significant assets that need additional protection.
What Does Umbrella Insurance Cover?
Umbrella insurance kicks in when you’ve exhausted the liability limits on your home, auto, or other policies. It provides an extra layer of protection against major claims and lawsuits.
Who Needs Umbrella Insurance?
- Homeowners with pools or trampolines
- Pet owners
- People who host parties or events
- Anyone with significant assets to protect
- Landlords
- Business owners
How Much Coverage Do You Need?
Most umbrella policies start at $1 million in coverage, with the option to purchase additional coverage in $1 million increments. The right amount depends on your net worth and risk exposure.