What Is It
Umbrella insurance covers expenses above and beyond coverage limits on your auto, homeowners, condo or renters policies. If you get in an accident and your auto insurance doesn’t cover everything, umbrella will pick up where it leaves off.
Who Needs It
Individuals with high net-worth have more to lose and can become targets for lawsuits.
Also, high-risk belongings like swimming pools, trampolines and ATVs up your chances of expensive accidents.
Umbrella policies are also great for peace of mind. They can be worth it just to know you’re covered for just about anything.