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 liabilityThe maximum amount, as stated in the policy, which an insurer is bound to pay in case of a loss. See also Liability Limits.liability insuranceInsurance which agrees to indemnify the insured for sums he may be required by law to pay to third parties as damages for bodily injury or damage to p... More. Should an unfortunate accident occur for which you are found to be negligent, do you have enough liability insuranceInsurance which agrees to indemnify the insured for sums he may be required by law to pay to third parties as damages for bodily injury or damage to p... More from your current policies to coverTo protect with insurance, or the insurance protection provided. 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 insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy..

Umbrella insurance was designed to give the insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. added liability protection above and beyond the limits of your homeowner, auto, watercraft or motorcycle policies. With an umbrella policyA special form of liability policy designed to protect the insured for certain unknown contingencies over and above the normal coverages and to provid... More, depending on the insurance company, you can add an additional $1 to $5 million dollars in liability coverage. The umbrella policyA special form of liability policy designed to protect the insured for certain unknown contingencies over and above the normal coverages and to provid... More will ‘kick in’ when the liability on the other current policyLegally binding contract effecting insurance or certificates thereof, including all clauses, riders, endorsements and renewals. has been exhausted.

The best part of a personal umbrella insurance policyA written contract of insurance. 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 slanderThe oral utterance or spreading of falsehood harmful to another’s reputation. Libel is written; slander is spoken..