Umbrella Insurance
Umbrella liability insurance does what its name says. Well, maybe not exactly what it says. It won't guarantee you'll stay dry every time you walk in the rain, but it will provide an umbrella of personal liability protection so you're always covered.
Umbrella insurance kicks in after your primary homeowners or auto insurance pays a claim up to your insurance limit. (Most primary insurance has a personal injury protection component that usually pays for the first $100,000 or so of costs.)
For example, say you're responsible for an injury in your home that causes $150,000 of medical care. Your primary homeowners insurance will pay the first $100,000. You're responsible for the rest which is where an umbrella insurance policy comes in. For a few hundred dollars a year, you can get a million dollars of coverage (or more) that will kick in if you need it.
If you fall into any of these categories, we urge you to call us and get quotes for an umbrella liability insurance policy. The price is so cheap that it's well worth the money. It just doesn't make sense to take extra risks when safety can be obtained at such a small price.