Personal umbrella insurance, also called liability insurance, is invaluable in order to protect yourself against lawsuits and undue expenses. An umbrella policy provides coverage beyond what typical insurance policies offer, preventing excessive out-of-pocket costs from legal proceedings.
Personal umbrella insurance provides coverage for a wide range of situations, including accidents on your property and false arrests. The policy pays the amount left after your health, home, life and/or car insurance has paid the appropriate amount based upon your policy stipulations. If your home, vehicle or other assets are of significant worth, an umbrella policy protects your personal finances and provides peace of mind for unexpected emergencies.