Umbrella Liability Insurance
An umbrella policy provides additional liability coverage that extends beyond your primary policies. Such coverage serves to add an additional layer of protection from major claims or lawsuits.
Most carriers start umbrella coverage at a $1 million limit and you can increase from there. Most carriers will require your primary auto and home policies to carry higher liability limits in order to qualify for an umbrella. Stand-alone umbrellas are an option but are usually higher in premiums.
You may want to consider an umbrella policy if one or more of the following applies to you:
Own your home- no mortgage
Own any rental properties occupied by individuals
Have significant assets
Youthful operators in home
Own a watercraft /ATV’s