An umbrella policy is written to give you more liability coverage above and beyond your home, auto or general liability policy. Typically, when someone has the highest limits of liability on their insurance policies, we suggest purchasing an umbrella policy. The umbrella provides additional coverage and protection for claims or lawsuits that could threaten your lifestyle or business.
Since umbrella policies require that you already carry the highest limits on your underlying policies, typically they are very affordable. They can range from $150 and up depending on how many properties, autos, or other assets you are covering on them.