When you want to make certain that you will not be blindsided by liability issues that your existing homeowners and car insurance policies will not cover, you should invest in umbrella insurance coverage. Umbrella insurance goes into effect when there are “gray areas” that arise when liability issues present themselves but are not specifically stated as being covered under regular liability coverage.
Umbrella policies usually kick in when you’ve landed yourself in quite a serious predicament that could financially ruin, for example:
Do You Need Umbrella Insurance?
It is important when deciding to get Umbrella Insurance to look at how likely you are to be sued. To protect yourself if someone is injured on your property and sues you. The liability insurance will not only cover the cost of any medical bills, it will also pay for your legal defense if the costs add up to more than the liability coverage on your homeowners policy. To protect yourself from slander or libel or other types of lawsuits not covered by your home or auto policy.