Personal Umbrella Insurance Coverage
Umbrella insurance is a type of liability insurance that will provide liability protection above and beyond your underlying liability policies, such as your auto, home or renters insurance. An umbrella liability policy covers a much higher limit and provides a deeper level of protection.
The main purpose of your umbrella policy is to protect your assets from an unexpected event, such as a tragic accident in which you are held responsible for damages or bodily injuries. If the other party files a lawsuit against you, your umbrella coverage will pay for the damages you are legally responsible for up to the policy limit.