An umbrella insurance policy offers extra liability coverage that extends beyond the limits of the insured's auto or home insurance. Umbrella insurance provides an additional layer of security to those who are at risk of being sued for damages to other people's property or injuries caused to others in an accident. It also protects against libel, vandalism, slander, and invasion of privacy. An umbrella insurance policy provides extended coverage when the insurance owner is sued and the dollar limit of the original policy has been exhausted. The added coverage provided by liability insurance is most useful to individuals who own a lot of assets or very expensive assets, and are at significant risk for being sued. Browse articles, FAQs, and glossary terms below to learn more about umbrella insurance.
Umbrella Insurance Basics