Today, lawsuits are abounding. Larger amounts of money are being awarded more and more often. Your homeowner, auto, watercraft and motorcycle policies have a limit of liabliability insurance. Should an unfortunate accident occur for which you are found to be negligent, do you have enough liability insurance from your current policies to cover the costs? Since no one can predict how much a judge may award, the umbrella insurance is no longer just for the wealthy but a needed protection for every insured.

Umbrella insurance was designed to give the insured added liability protection above and beyond the limits of your homeowner, auto, watercraft or motorcycle policies. With an umbrella policy, depending on the insurance company, you can add an additional $1 to $5 million dollars in liability coverage. The umbrella policy will ‘kick in’ when the liability on the other current policy has been exhausted.

The best part of a personal umbrella insurance policy is that it not only adds liability protection but that it comes at an affordable price- considering the added coverage one gains. Umbrella liability coverage is a valuable coverage no one should be without. It also covers one’s non-business activities anywhere in the world. Most Umbrella policies provide coverage for personal injury, such as libel and slander.