Umbrella policy

An umbrella policy is a type of extra insurance that provides additional liability coverage beyond the limits of your standard auto or homeowners policies. It protects you from major claims or lawsuits by covering damages and legal costs that exceed your primary policy limits. Essentially, it acts as a financial safety net, helping to protect your assets and future income if you're involved in a significant accident or incident. Umbrella policies typically start at $1 million in coverage and can be customized to fit your needs, offering peace of mind against unexpected, costly liabilities.